Bank Indonesia (BI) together with the Bank of Thailand (BoT) on August 29 inaugurated the implementation of a cross-border QR Code-based payment linkage between the two countries.
Bank Indonesia (BI) is running a pilot project for a cross-border quick response (QR) payment linkage with the central banks of Malaysia and Thailand - Bank Negara Malaysia (BNM) and Bank of Thailand (BOT), in a bid to propel digitalisation and make transactions between the said countries more efficient.
Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have launched a cross-border QR payment linkage, which will enable instant, secure and efficient cross-border payments between Indonesia and Malaysia.
The central banks of Thailand and Malaysia launched a cross-border QR payment linkage to enable consumers and merchants in both countries to make and receive instant QR code payments.
The Interoperable QR Code for retail payment linkage between Vietnam and Thailand was launched on March 26, signifying the successful implementation of the cooperation in the area of financial innovation between the State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) which began in 2019.
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