Local banks join NBC’s QR code payment system

The National Bank of Cambodia announced that two local and one Thai bank have joined the QR code-based payment system that the central bank is developing with Thailand. In February, the central banks of Cambodia and Thailand signed a memorandum of understanding (MoU) to create a payment system based on QR codes. The aim of the upcoming payment system is to facilitate cross-border exchanges in local currencies, according to representatives of the central banks.