, Cambodia
Freepik.

Cambodia and Japan enable QR code payments between the two countries

Bakong system users can pay using JPQR, and Japanese users can eventually pay through the KHQR.

The National Bank of Cambodia (NBC) and the Payments Japan Association (PJA) have inked a memorandum of understanding (MOU) for cross-border QR code payments between the two countries.

Under this collaboration, Cambodia’s KHQR and Japan’s JPQR will enable payments between the two countries.

In Phase 1, Cambodian users of the Bakong system can make payments in Japan by scanning JPQR. In Phase 2, Japanese users will be able to pay in Cambodia by scanning KHQR.

The NBC has appointed ACLEDA Bank and Sathapana Bank as sponsoring banks for the cross-border QR code payment with Japan.

Meanwhile, the PJA named NETSTARS as the payment and settlement operator for QR code payments with Cambodia.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!