Indonesia – Thailand Tested Cross-border Payment By Qr Code

According to VNA reporter in Jakarta, the Central Bank of Indonesia (BI) and the Central Bank of Thailand (BOT) began testing the cross-border payment system application using QR.0: 00/1: 39 Young people illustration: Internationalfinance.comBi said the project was launched on August 17 and the application is expected to be issued commercially in the first quarter of 2022. The form of cross-border payment by QR code between Indonesia and Thailand is expected to facilitate consumers and traders in both countries. Traders will be able to make payments by scanning QR codes at sales points in Indonesia or Thailand

. Bi governor, Mr. Sugeng emphasizes: "This initiative marks an important milestone in the General Plan Can build the Indonesian payment system in 2025, especially in retail payment. Application Connecting cross-border payment through the linking national QR code of the two countries "
With this service, users from Indonesia can make transactions easier if in Thailand using Using mobile payment applications to scan QR codes are available at all selling points in Thailand. Similarly, users from Thailand can use the payment application with QR code at all selling points across Indonesia. This service is also provided for e-commerce transactions between Indonesia-Thailand and vice versa. Indonesia Central Bank hopes this service can be expanded to allow users in both easy countries Easily transfer money directly through your mobile devices. Before that, Bi published is considering using the cross-border payment system with QR codes with some neighboring countries like Singapore, Malaysia and Thailand . This cross-border payment is expected to help foreign tourists make transactions easier than the war (VNA)

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