Thai SMEs link to world

Alibaba teams up with leading local bank to provide cross-border payment channel

Small and medium-sized entrepreneurs in Thailand who are clients of a leading bank in the Southeast Asian country, Kasikornbank PCL, can export their products to more than 240 countries and regions through Alibaba Group Holding Ltd.

Alipay, China's largest third-party online payment service provider, will build an online cross-border payment receipt channel for Thai SMEs to enter the Chinese market, under a strategic cooperation agreement signed in Bangkok on Thursday.