Cambodia and Japan have officially launched Phase 1 of a cross-border QR code payment system, allowing Cambodian users to make seamless payments in Japan using KHQR via mobile banking or payment apps. Announced on July 4 during the World Expo 2025 in Osaka, the initiative enables Cambodians with Khmer riel accounts to scan JPQR codes at Japanese merchants. Phase 2 will later allow Japanese users to pay in Cambodia using similar technology. This milestone follows a memorandum of understanding between the National Bank of Cambodia (NBC) and Payments Japan Association (PJA), aiming to enhance digital financial connectivity and foster economic collaboration. Experts believe this development will boost tourism, trade, and foreign investment, making cross-border payments more efficient and convenient. Cambodia has similar QR payment agreements with countries like Vietnam, Thailand, and South Korea. (Summary by ChatGPT.com)
Comments
Post a Comment