Central Banking

Vietnam joins South-east Asian cross-border payment bloc

Six Asian central banks have joined forces to build faster and cheaper cross-border payments

Globe being held with Asia prominent

The State Bank of Vietnam has joined an alliance of Asian central banks that has been working together to link up their domestic payment systems.

The State Bank of Vietnam signed a memorandum of understanding to become a member of the Regional Payment Connectivity (RPC) initiative on August 25, according to a joint statement issued by six central banks. The event was held on the sidelines of a high-level meeting organised by the Association of South-east Asian Nations (Asean).

The central

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