of State Bank of Vietnam (SBV) and National Bank of Cambodia (NBC) It was announced that the cross-border QR payment system between the two countries has been successfully introduced.
The pilot project, which started in mid-2022, was completed on schedule.
This initiative will allow Vietnamese and Cambodian visitors to use their national currencies, VND and KHR, to pay at various merchants in each country.
NAPAS, Vietnam’s national payment exchange, and ACLEDA Bank, a Cambodian financial institution that collaborates with other commercial banks through the BAKONG payment system, played a key role in coordinating this project.
Vietnamese tourists can now scan KHQR codes at Cambodian businesses using mobile banking apps, and Cambodian tourists can now scan KHQR codes at Vietnamese merchants using the BAKONG app, which is connected to most financial institutions in Cambodia. You can now scan VietQR codes on .
This new payment system is expected to strengthen tourism and economic ties between the two countries by facilitating cross-border trade and reducing dependence on foreign currency.
Currently, Vietnamese banks BIDV, TPBank and Sacombank are participating in the project, but more banks are expected to join in the future.
Featured image: Governor Nguyen Thihon experiencing QR payment service in Siem Reap, Cambodia
