Indonesia, Thailand implement cross-border QR payment

Illustrative image (Source: internationalfinance.com)

Jakarta (VNA) – Bank Indonesia (BI)together with the Bank of Thailand (BoT) on August 29 inaugurated theimplementation of a cross-border QR Code-based payment linkage between the twocountries.

BI Governor Perry Warjiyo said, through thisinitiative, the people of Indonesia and Thailand can use the Thai QR Codespayment application and Quick Response Code Indonesian Standard (QRIS) inmaking payment transactions with merchants.

The system also supports tourism and micro-, smalland medium-sized enterprises (MSMEs), he said, noting that this is an effort toencourage the digitisation of cross-border payments.

In May 2022, leaders from the central banks ofIndonesia, Thailand, Malaysia, Singapore and the Philippines reiterated theircommitments to connecting the payment system./.

VNA