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SCB Trade Club to help export-import clients brave economic turbulence with platform connecting them with new trade opportunities and partnerships worldwide

Siam Commercial Bank (SCB) continues to help Thai businesses brave economic turbulence amid challenging factors, particularly export-import clients. Joining the Trade Club Alliance (TCA) together with 14 leading banks worldwide to develop a digital platform for international trade, SCB is proud to introduce its SCB Trade Club, Thailand’s first and only platform connecting Thai businesses with over 21,000 trade partners in 51 major economies worldwide recommended by the TCA founding banks. The SCB Trade Club is a shortcut to new global trade opportunities beyond boundaries. Using the digital platform www.scbtrade.com, clients can connect with overseas partners and complete deals with fewer travel cost burdens and more opportunities for strong and sustainable growth in the digital trade world.

SCB Senior Executive Vice President and Chief Wholesale Banking Officer Wasin Saiyawan said that challenges and adverse factors from all directions, from the current domestic and global economic slowdown, the prolonged China–United States trade war, a strong baht, an increasingly severe drought, to the alarming global COVID-19 outbreak, have severely impacted employment, consumer spending power, and overall trade and investment sentiments. Thai businesses are all facing this hardship and they need to maintain business growth to weather it. SCB, as a strategic partner, has developed and sought new tools to support and enhance clients’ sales and growth potential and readiness to cope with current and future challenges in a sustainable way. SCB has now introduced the SCB Trade Club on www.scbtrade.com, an online international trade platform in collaboration with the Trade Club Alliance (TCA) initiated by 14 leading banks worldwide to connect global trade partnerships. For the first time, this digital global trade platform helps and supports export-import clients find partnerships and study markets and connects them with over 21,000 trusted partners in new markets from 51 countries worldwide. The trusted partners on the platform are recommended by the TCA founding banks.

“SCB always stands by our clients and has supported them in growing to the best of their ability. Our role today must be more than just a financial institution providing financial services and transactions. We must help our clients identify new business opportunities amid a changing environment, new technology and competition, and potential risk factors always popping up. We are confident that the SCB Trade Club will help Thai businesses weather such challenges. With a global network of diverse trusted partnerships on the same platform, clients can study information about potential partners and make deals via end-to- end transactions. This is an effective and efficient business model in the same direction of digital trade world helping Thai businesses expand and grow globally in a strong and sustainable manner.

Some 1,200 clients have joined the SCB Trade Club. They come from a wide range of industries, including automobile parts, rubber, machinery, electrical appliances, plastic, chemicals, construction materials, furniture, packaging, food and beverage, commodities, and more. Global opportunities are awaiting Thai businesses out there. We hope to see some 5,000 new clients joining the SCB Trade Club in this year.”

The SCB Trade Club is the first and only digital platform in Thailand connecting clients to trusted partnerships worldwide. More than just a hub of international trade information containing the best countries for trade, trade shows, customs, duties and local taxes, sanctions lists, and some more 30 lists, the SCB Trade Club also offers business matching with global trusted partners recommended by the founding banks of the Trade Club Alliance at no cost. The SCB Trade Club helps clients save time and money in finding new markets and searching for trade information from organizations. To join the global partnership network through the SCB Trade Club, interested clients can contact their relationship manager or call the SCB Business Call Center 0 2722 2222.

The SCB Trade Club is a digital platform specifically catering to international trade. It facilitates clients in identifying and connecting with new partners and effectively expanding sales. The platform has been developed with advanced technology, such as intelligent learning and recognition of business matching, an online community for trusted partners, global business intelligence, and expert financial advice. The Trade Club Alliance (TCA) was founded by 14 leading banks worldwide, namely, SCB, Abu Dhabi Commercial Bank, Attijariwafa Bank, Banco BPM S.p.A., CIMB, Credit Agricole Group, Eurobank, Industrial Bank of Korea, KBC Group, MUFG, Nordea Bank, RBC Royal Bank, Santander, and Standard Bank. By 2022, the TCA aims to support over 1 million business operators worldwide and cover 90% of global trade.