Russia’s Tinkoff Bank launches SWIFT transfers to Thailand

Tinkoff can transfer via SWIFT to 30 countries including China, Turkyie and Qatar 

One of Russia’s largest private lenders, Tinkoff Bank, has launched transfers in Thai baht via the SWIFT messaging system. Thailand is listed as one of the destinations for international transfers on Tinkoff’s website, which says the lender’s private customers can send funds to any Thai bank via SWIFT.

SWIFT is a high-security banking messaging system that enables financial transactions around the globe. Last year, the EU disconnected key Russian banks from the network as part of sanctions related to the Ukraine conflict.

Tinkoff bank, which FinTech Magazine ranked 3rd among the Top 10 Digital Banks of 2022, has also been hit with blocking sanctions by the United States, the European Union and Canada. This means that the lender cannot conduct currency transactions or cooperate with banks in…