Thai tourists visiting Cambodia can now pay for goods easier after a bilateral agreement between the two countries was reached for cross-border QR payments.
On Tuesday, the National Bank of Cambodia (NBC) held a bilateral meeting with the National Bank of Thailand to strengthen amity and cooperation between the two central banks.
During the meeting, Cambodia held a physical launch that was attended by NBC governor, Chea Chanto, and Sethaput Suthiwartnarueput, governor of National Bank of Thailand.
The Thai central bank announced the second phase of cross-border Quick Response code (QR) payment between both nations, making it easier for people who want to access QR payments, NBC said.
It added that starting then, Thai people that have Thai baht in their account can make payments in Cambodia by scanning a QR code at about 1.5 million retailers in the Kingdom.
This will help to promote the use of local currencies and financial inclusion, while facilitating cross-border trade activities and boosting tourism for the two ASEAN countries, NBC said.
Assistant Governor and Director General of NBC, Chea Serey, said on her official Twitter page recently that ThaiQR can now scan KHQR and vice versa. Tourists from both countries can scan to pay directly from their domestic bank accounts.