Alipay+ Launches on KHQR, Facilitating Cross-border Mobile Payments Into Cambodia

The National Bank of Cambodia and Ant International have officially launched Cross-border QR Code Payments between National Bank of Cambodia’s Bakong payment system and Ant International’s cross-border mobile payment and digitalization solutions, Alipay+.

With this initiative, Alipay+ partner users of 12 international payment apps, including Alipay (Chinese mainland), AlipayHK (Hong Kong SAR), Touch ‘n Go eWallet and MyPB by Public Bank Berhad (Malaysia), GCash (the Philippines), Kakao Pay, Toss Pay (South Korea), OCBC and Changi Pay (Singapore), Hipay (Mongolia), MPay (Macao SAR) and Tinaba (Italy), will be able to seamlessly make payments to more than one million merchants in Cambodia by scanning KHQR codes, with more to be progressively added. This will facilitate the payment for goods and services to businesses in Cambodia with accounts denominated in Cambodian riels.

KHQR, launched by National Bank of Cambodia in July 2022 and operated by Bakong, was created for retail payment in Cambodia and cross-border payment within ASEAN countries. It only requires a single QR for receiving payment through any mobile banking apps of Bakong members including Bakong App, making QR payment simple for both customers and merchants in Cambodia.

In addition to Cambodia, Alipay+ also has partnerships with national standardized QR code payments in Singapore, Malaysia, South Korea, Nepal and Sri Lanka. Today, Alipay+ connects users of more than 30 leading international payment partners to more than 90 million merchants across 66 markets, including top travel destinations such as China, Southeast Asia, Japan, South Korea, Middle East, Europe and more.