2026-06-03 16:45:22
UDF-Space
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nbc.gov.kh
On June 2, 2026, H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia, H.E. Mr. Vanlalvawna Bawitlung, Ambassador of India to the Kingdom of Cambodia, and Mr. Saswat Kumar Mahapatra, General Manager of the Reserve Bank of India, presided over the official launch of cross-border QR code payment system between Cambodia and India (Phase 1: Indians scan Cambodia's KHQR Codes), in Phnom Penh, Cambodia. The event was attended by approximately 190 representatives from the Ministry of Tourism, the Cambodia Tourism Board, the Cambodia Hotel Association, and the Cambodia Restaurant Association, as well as the Association of Banks in Cambodia, the Cambodia Microfinance Association, and the Cambodian Association of Finance and Technology. In addition, representatives from various banks and financial institutions and Indian food court owners in Cambodia were also in attendance.
Driven by the increasing influx of Indian tourists to Cambodia, the official launch of Phase 1 marks a significant milestone in streamlining the retail payment process by allowing visitors to easily scan KHQR codes at 4.5 million merchant locations nationwide. Through their mobile banking applications, Indian travelers can settle payments for goods and services efficiently and securely. Phase 1 is set to drive broader economic integration, fostering financial innovation while providing a strategic boost to trade, investment, and tourism between the two nations.
The success of this cross-border project was achieved through the close cooperation between NPCI International Payments Limited, India's national payment network, Bank Plc as a sponsoring bank in Cambodia. The initiative to develop this cross-border QR code payment project reflects Cambodia's long-term vision of strengthening economic development globally partners, while continuing to reinforce cooperation with ASEAN.
achievement highlights the joint efforts of both public and private sectors in deepening diplomatic relations between Cambodia and India. By facilitating a more seamless exchange of digital innovation, this project serves as a cornerstone for broader economic and cultural integration, ensuring that both nations' financial systems remain at the forefront of the regional digital transformation.
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