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]