Cambodian, Thai central banks sign deal on QR code scheme

The National Bank of Cambodia and the Bank of Thailand signed a memorandum of understanding (MoU) to cooperate in a QR code payment system that uses both Cambodian riel and Thai baht. The MoU was signed by NBC governor Chea Chanto and Veerathai Santiprabhob, the governor of the Bank of Thailand. “The MoU aims to support the collaboration on developing interoperability of standard QR code for efficient and secured domestic and cross-border payment transactions as well as to promote usage of local currencies and financial innovation in both countries,” the statement said.