Crossborderpayments news and trends

Indonesia, Singapore Team on XBorder QR Code Payments

August 29, 2022
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Indonesia, Singapore Team on XBorder QR Code Payments

August 29, 2022
Bank Indonesia and the Monetary Authority of Singapore (MAS) have begun working on a cross-border QR payment method between Indonesia and Singapore, a press release said, part of the ASEAN-wide payments connectivity effort. The reason behind the partnership is the 1.9 million arrivals in Indonesia from Singapore, and 3.1 million arrivals in Singapore from Indonesia. […]