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Staff Reporter
, Thailand
Published:
Photo: Kelvin Li, General Manager of Platform Tech and Senior Vice President at Ant International (Left) and Dr. Karin Boonlertvanich, Executive Vice President of KASIKORNBANK (Right) at the signing ceremony.

Kasikornbank targets 24/7 USD settlement with Ant International

They will use Kinexys by J.P. Morgan’s blockchain deposit accounts.

Thailand’s KASIKORNBANK (KBank) and Ant International have teamed up to offer real-time 24/7 cross-border US dollar transactions.

The service will leverage Kinexys by J.P. Morgan’s blockchain deposit accounts as well as Ant International’s finAI solutions.

KBank and Ant International said that they will use their best efforts to develop end-to-end solutions across payment acceptance, clearing, and settlement.

This partnership builds on KBank’s existing collaboration with Ant International’s global payment services.

Through Alipay+, Ant International’s digital wallet gateway, KBank’s mobile banking app KPLUS is connected into an ecosystem of 150 million merchants and 2 billion consumer accounts worldwide.

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