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Cambodia and Singapore launched a cross-border QR payment system enabling real-time Khmer Riel transactions at Singaporean merchants.
Cambodia and Singapore have launched a cross-border QR payment system at the Singapore FinTech Festival 2025, allowing Cambodian users to pay in Singapore via the Bakong app using Khmer Riel without exchanging currency.
The system, supported by ACLEDA and Phillip Bank, enables real-time transactions at participating merchants using RoamQR codes.
Future expansion aims to allow Singaporeans to pay in Cambodia.
The initiative strengthens ASEAN financial integration, promotes digital inclusion, and builds on Cambodia’s existing cross-border payment links with several Asian countries.
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Camboya y Singapur lanzaron un sistema de pago QR transfronterizo que permite transacciones de Riel Khmer en tiempo real en comerciantes singapurenses.