The National Bank of Cambodia (NBC) and the State Bank of Vietnam yesterday launched the cross-border QR code payment linkage in a boost to business and tourism in both countries.

The launching ceremony was held in Siem Reap in the presence of Chea Serey, Governor of NBC, Nguyen Thi Hong, Governor of the State Bank of Vietnam and representatives of various partner banks.

The launch marked yet another milestone for NBC and the State Bank of Vietnam in the areas of financial innovations, payment systems and cross-border QR payment linkages, the NBC said.

It enables people of both countries to make safe, secure, convenient and affordable cross-border payments using their local currencies.

“The launching of the cross-border payment system between Cambodia and Vietnam is expected to benefit tourists and merchants,” NBC said.

With this, NBC’s Bakong payment system is currently used for making cross-border transactions with Thailand, Laos, and Vietnam.

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Author: Chea Vanyuth

Publication Date: December 4, 2023

Source: Khmer Times