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Cambodia, Laos begin cross-border QR code payments

Cambodia and Laos launched the first phase of cross-border QR code payments between them on August 18.
Cambodia, Laos begin cross-border QR code payments ảnh 1Illustrative image (Photo: thestar.com.my)
Hanoi (VNA) - Cambodia and Laos launched thefirst phase of cross-border QR code payments between them on August 18.

This move allows Cambodian travellers to shop in Laos usingtheir local currency Riel via scanning LAO QR Code, the National Bank of Cambodiasaid in a statement.

Chea Serey, governor of the central bank, and BounleuaSinxayvoravong, governor of the Bank of the Lao P.D.R.,jointly presided over the launching event held in Vientiane, according to thestatement.

In the second phase of the project, Lao people who have bankaccounts in their local currency Kip will be able to pay for goods or servicesthrough mobile banking application by scanning KHQR code with merchants orshops in Cambodia.

Besides Laos, Cambodia has also had cross-border QR codepayment cooperation with its neighboring country Thailand./.
VNA
#Cambodia #Laos #cross-border QR code payments #Vietnam #Vietnamplus #Vietnam News Agency Cambodia Laos
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