Cambodia is alipay+ Use KHQR, the national QR code system, to enable seamless international payments.
With this release, users of 12 international payment apps, including Alipay, AlipayHK, GCash, and Touch ‘n Go, can now pay at over 1 million merchants in Cambodia using Cambodia’s standardized QR code, KHQR. It will look like this.
More merchants are expected to be added over time, further expanding the availability of payments in the country.
Payments can be made in Cambodian Riels, providing a reasonable solution for purchasing goods and services.
Introduced by KHQR. National Bank of Cambodia As part of the Bakong payment system in 2022, it was designed to simplify QR payments for both customers and merchants by using a single QR code across multiple mobile banking apps.
This collaboration between Alipay+ and the Bakong system through KHQR is an important step in expanding cross-border payments within ASEAN.
This partnership is based on a memorandum of understanding signed Held between National Bank of Cambodia and Alipay+ during Singapore FinTech Festival 2023
Alipay+ already supports cross-border QR code payments in several other countries, including Singapore, Malaysia, South Korea, Nepal, and Sri Lanka.
Dr Chea Serey, Governor of the National Bank of Cambodia, said:
“One of the key priorities of the National Bank of Cambodia is to continue to strengthen and modernize cross-border payments with the region.
Alipay+’s partnership with Bakong’s KHQR network will strengthen financial cooperation by leveraging technology to benefit customers, support the country’s digitalization journey, and help merchants create new businesses in an evolving landscape. I strongly believe that this is one of the most impactful developments in helping people seize opportunities. ”
Edward Yue, Ant International’s General Manager for South East Asia, Australia and New Zealand, said:
“We would like to thank the National Bank of Cambodia for its visionary leadership in digitizing local merchants and the travel ecosystem. It will enable businesses to benefit from the strong recovery in tourism.”
As more people “travel like a local” using only home payment apps, local economies and communities will work together and thrive, providing more localized experiences and creating more vibrant ecosystems. It’s going to be built for everyone. ”
Alipay+ connects users with more than 90 million merchants across 66 markets around the world, including popular travel destinations such as China, Japan, Southeast Asia, and Europe.
