NBC recruits banks for QR code system

A new QR code-based payment system, which is being developed in cooperation with Thailand, will launch next year, representatives of the central bank announced last week. Speaking at a workshop Friday, Chea Serey, director of the National Bank of Cambodia, said they are now selecting the banks best fitted to help the central bank finalise the promising QR code-based app. “We are now determining the financial institutions that will join us, and we will also prepare the rules and procedures with the central bank of Thailand,” she said.