Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have launched a cross-border QR payment system which allows consumers and merchants in both countries to make and receive instant cross-border payments.
Malaysia and Cambodia are already reported to be leading the growth in QR transactions among the 10 members of the Association of Southeast Asia Nations (Asean).
In a joint statement released in Phnom Penh, the central banks say that September 19 marked the end of the first phase of the project to develop the system under a memorandum of understanding signed during a visit to Malaysia by Prime Minister Hun Manet in February.
In full: https://www.theasset.com/article/52472/malaysia-cambodia-launch-cross-border-qr-payment-system
