LATEST REGIONAL PROJECT UPDATE
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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 , 12 international payments apps 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 .
H . E . Dr . Chea Serey , Governor of the National Bank of Cambodia , said : “ I firmly believe that the partnership between Alipay + and Bakong ’ s KHQR network is one of the most impactful developments in supporting the country ’ s digitalization journey and helping merchants capture new opportunities in the evolving landscape .”
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