Tuesday, October 27, 2020
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Regulation Asia

Cambodia, China Reject US Sanctions Against Chinese SOE

OFAC alleges that Chinese state-owned company Union Development Group seized land from locals for development through a corrupt Cambodian general.

Thailand, Cambodia Launch Cross-Border QR Payments

BOT (Bank of Thailand) and NBC (National Bank of Cambodia) have jointly announced the launch of a QR code-based retail payments link between the two Southeast Asian countries.

Cambodia Announces Soft Launch of New Payment System

Launched in partnership with 7 partner institutions, the new system will enable real-time interbank transfers, mobile payments, and QR code payments.

Maybank to Enable Real-time Payments for Cambodia, Malaysia

Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.