KRUNGSRI ADDS REAL-TIME TRANSFER

Thakorn Piyapan, head of Krungsri Consumer Group and head of Digital Banking and Innovation Division, said, “The Blockchain’s Interledger is the cutting-edge technology focusing on privacy, which lies at the heart of business operation. Equipped by this technology, each international funds transfer transaction could be completed in a matter of seconds, rather than two-three days as before.” 
Achieving the success of this technology-based enhancement, Krungsri has been supported by companies under Mitsubishi UFJ Financial Group (MUFG), in strengthening connectivity with the global network and realising the real-time global funds transfer service. MUFG is Japan’s biggest financial group, and among the top five largest in the world.
In addition, under the Global Payment Steering Group, a body joined by another six leading financial institutions, MUFG played a key role in establishing the necessary framework and guidelines related to Blockchain’s Interledger to facilitate international funds transfer transactions.”