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Singapore, Malaysia launch cross-border QR-code payment linkage

( March 31, 2023, 02:06 GMT | Official Statement) -- MLex Summary: The central banks of Singapore and Malaysia have launched a payment linkage that allows customers of participating financial institutions in the two countries to make cross-border retail payments just by scanning QR codes. The initiative aims to improve the cost, speed and transparency of cross-border payments, in line with the Asean Payment Connectivity Initiative. The central banks plan to expand the linkage to cross-border account-to-account fund transfers and remittances by the end of the year.The full statement is attached. ...

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