The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia's QR payment linkage with Thailand has also gone live.
January 28, 2022The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.
November 16, 2021MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.
November 8, 2021Malaysian and Thai businesses and individuals can use local currencies to make cross-border payments for trade, investment, income and transfer.
October 31, 2021Users of NPCI's BHIM mobile app will be able to make UPI QR-based payments at merchants progressively across north and southeast Asia from early 2022.
September 17, 2021The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
September 15, 2021Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
August 27, 2021Singapore's Liquid Group and Indonesia's CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.
June 27, 2019