February 20, 2024
PHNOM PENH – Cambodia and India are nearing the launch of cross-border QR services, a move aimed at further boosting economic ties, facilitating trade and investment and benefiting tourists.
The National Bank of Cambodia (NBC) and NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), signed a memorandum of understanding (MoU) to promote cross-border payments and remittances between the two countries.
The virtual signing ceremony was presided over by NBC governor Chea Serey and NIPL CEO Ritesh Shukla on March 17, 2023.
According to a press release from the central bank, the agreement aims to establish a collaborative framework which will enable the parties to explore and discuss various technical, commercial and operational aspects to develop digital connectivity and interoperability.
“The MoU signed between the two parties will provide greater benefits…
