A key player in the Thai trade finance sector and one of Thailand's largest and oldest banks,

Siam Commercial Bank (SCB) is advancing what it calls the digital experience for its business customers with the launch of Trade ePass.

This new online international trade service, which includes letter of credit (L/C) functionality, is available on the SCB Business Anywhere platform.

Online anytime

The service allows transactions to be conducted online anytime, anywhere, without the need to submit original documents or visit a bank branch.

The Trade ePass service saves time and costs, thus enhancing efficiency and competitiveness for businesses. It supports all types of foreign trade finance transactions, payments, and account information services.

L/C functionality

Additionally, the Smart Delivery feature notifies foreign trade partners via email of L/Cs and provides real-time order status checks, backed by world-class security standards.

SCB offers a wide range of trade finance products and services, including L/Cs, trade loans, documentary collections, and guarantees.

The bank has been at the forefront of innovation in the Thai banking sector, including the digitalisation of trade finance, investing in digital platforms and services that streamline trade finance processes, making it easier and faster for businesses to access the financial support they need for international trade.

This article represents the views of the author and not necessarily those of the ICC or Coastline Solutions.