Bangkok Bank (BBL) has become the first local bank to offer cross-border QR payments between Thailand and Vietnam. The service will help support economic recovery as Thailand opens up after the pandemic, the bank says.
The project to promote cross-border payments via QR code technology is the fruit of a collaboration between the Bank of Thailand and the State Bank of Vietnam. Asean central banks have been working on digital payment connectivity across the region since 2019.
The strength of the service lies in its safe and convenient transactions as well as its lower exchange rate fees, said Charamporn Jotikasthira, executive director of Bangkok Bank.
In addition, he said, QR payments are accepted by a large number of retailers and have high customer awareness as well.
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27 March 2021