Thailand, Malaysia launch cross-border QR payment linkage hinh anh 1Illustrative image (Photo: Reuters)

Bangkok (VNA) - 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 move is the first phase in linking the real-time retail payment systems of Malaysia’s RPP/DuitNow and Thailand’s PromptPay.

Users in Thailand can now use mobile payment apps to scan DuitNow QR codes to make payments for merchants in Malaysia.

In the second phase, expected in the fourth quarter of 2021, users in Malaysia can do the same with Thailand.

The final phase, scheduled for the fourth quarter of 2020, will allow both parties to carry out real-time fund transfers./.