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PETALING JAYA: With the Asean Payment Connectivity initiative in place, GHL Systems Bhd stands to benefit greatly when the borders reopen, as it has more than 383, 600 touch points across Asean in place to facilitate cross-border transactions. Kenanga Research noted that Bank Negara has started to implement cross-border digital payment with Thailand, which allows Malaysian e-wallet users to scan Thai QR code and vice-versa (going live by the fourth quarter of 2021), and also cross-border digital transaction by referencing the recipient’s mobile number (going live by the fourth quarter of 2022). This initiative will lead to a surge in digital payment volume when borders reopen, said the research unit. ....
BNM, BOT launch cross-border QR payment | Daily Express Online - Sabah's Leading News Portal dailyexpress.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexpress.com.my Daily Mail and Mail on Sunday newspapers.
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 Follow us on Instagram and subscribe to our Telegram channel for the latest updates. 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. ....