Core Viewpoint - ACLEDA Bank, Cambodia's first listed commercial bank, has launched a cross-border QR payment initiative with Singapore, aimed at facilitating transactions and promoting the use of the local currency [1] Group 1: Initiative Launch - The first phase of the initiative officially starts on November 12, with the participation of leading financial institutions including ACLEDA Bank and Singapore's Liquid Group Pte. Ltd. [1] - The launch ceremony was presided over by Chea Serey, the Governor of the National Bank of Cambodia [1] Group 2: Payment Process - Cambodian travelers holding a Cambodian Riel bank account can use the ACLEDA Super App to scan the RoamQR code provided by merchants in Singapore for quick and secure real-time payments [1] - This initiative aims to significantly ease bilateral transactions and promote the use of the local currency [1] Group 3: Expansion of Financial Connectivity - This launch follows the successful implementation of cross-border QR payment services between Cambodia and Thailand, Vietnam, Laos, and Japan [1] - The interconnectivity between Cambodia's KHQR and Singapore's RoamQR (SGQR) represents a significant advancement in Cambodia's efforts to expand financial connectivity [1]

Core Points - The Bank of Thailand has officially launched a cross-border QR code payment service between Thailand and China, aimed at enhancing cooperation in trade, investment, and tourism between the two countries [1][2] - The service allows users to scan Thai QR codes using mobile payment applications while in Thailand, significantly improving the convenience and efficiency of cross-border payments [1] - The initiative is supported by major Thai banks and Chinese payment service providers, with Bangkok Bank and Krungthai Bank acting as settlement banks [1] Group 1 - The cross-border instant retail payment service provides a more convenient, secure, efficient, and cost-effective payment method for the public [2] - It also expands trade cooperation opportunities for businesses [2] - The Bank of Thailand has established similar payment collaborations with nine other countries and regions to promote regional economic growth and accelerate Thailand's digital transformation [2] Group 2 - The expected number of mutual visits between Thailand and China is projected to reach 8.8 million in 2024 [1] - Initial participating Thai financial institutions include Bangkok Bank, Krungthai Bank, Kasikorn Bank, Industrial and Commercial Bank of China (Thailand), and SCB Bank [1] - More banks are anticipated to join the service network in the future [1]