BANGKOK -- Siam Commercial Bank sent shockwaves through Thailand's banking industry in March when it said it would scrap nearly all fees for money transfers and bill payments conducted on its mobile banking app.

Siam Commercial Bank is replacing some of its traditional retail branches with unmanned outlets called SCB Express, such as this one at a mall in Bangkok. (Photo by Yukako Ono)
Siam Commercial Bank braces for competition against China's Alipay and WeChat Pay
BANGKOK -- Siam Commercial Bank sent shockwaves through Thailand's banking industry in March when it said it would scrap nearly all fees for money transfers and bill payments conducted on its mobile banking app.