Friday, 18 Jun 2021 12:53 PM MYT
The Bank Negara Malaysia logo is seen at its headquarters in Kuala Lumpur January 23, 2020. Picture by Ahmad Zamzahuri
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KUALA LUMPUR, June 18 Bank Negara Malaysia (BNM) and the Bank of Thailand (BoT) have launched a cross-border QR payment linkage between Malaysia and Thailand to enable consumers and merchants in both countries to make and receive instant cross-border QR code payments.
In a joint statement, the central banks said the project, which commenced in June 2020, will be implemented in three phases.
“Today marks the completion of the first phase in linking the real-time retail payment systems (RPP), namely DuitNow in Malaysia and PromptPay in Thailand,” they said.
PromptPay linked to Singapore s PayNow
Ensures seamless digital flow of funds
published : 30 Apr 2021 at 06:11 Thailand s PromptPay
The Bank of Thailand (BoT) and the Monetary Authority of Singapore (MAS) have embarked on a digital payment linkage between the two countries via the PromptPay and PayNow systems.
The Thai central bank and the central bank and financial regulatory authority of Singapore on Thursday unveiled the linkage of Thailand s PromptPay and Singapore s PayNow real-time retail payment systems. The linkage, which is the first of its kind in the world, is the culmination of several years of extensive collaboration between BoT and MAS and payment system operators, bankers associations, and participating banks in both countries.
PromptPay linked to Singapore s PayNow msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
SINGAPORE - The local PayNow system that lets individuals transfer money using just a mobile number is now linked to Thailand s PromptPay version, the Monetary Authority of Singapore (MAS) and Bank of Thailand (BOT) said in a joint statement on Thursday (April 29).
The linkage between the two countries national fast payment systems is the first of its kind in the world, they said.
Three of Singapore’s 12 PayNow banks are participating in the scheme - DBS Bank, OCBC Bank and UOB - together with four banks in Thailand - Bangkok Bank, Kasikorn Bank, Krung Thai Bank and Siam Commercial Bank.