M’sia, S’pore launch cross-border QR code payments connectivity

The linkage is a key milestone in the ongoing collaboration between Malaysia and Singapore to enhance cross-border payment connectivity. theSun thesundaily Malaysia Singapore crossborderQR BNM DuitNowQR

: Bank Negara Malaysia and the Monetary Authority of Singapore on Friday launched a cross-border QR code payment linkage between Malaysia and Singapore.

According to the statement, the payment linkage will support in-person payments through the scanning of physical QR codes displayed by merchants, and online cross-border e-commerce transactions. With pre-pandemic annual traffic between the two countries averaging 12 million visitors, the payment linkage will provide merchants and consumers with a more seamless and efficient means to make and receive payments.

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