Singapore, Malaysia and Indonesia launch cross-border payment links

Monetary Authority of Singapore
The Monetary Authority of Singapore
George Johnson

The Monetary Authority of Singapore (MAS) has set up new cross-border payments links with the central banks of Malaysia and Indonesia, it announced on November 17.

The Singaporean central bank has led a series of cross-border payments projects with Asian countries. It announced similar real-time payments links with Thailand in 2021, and with India in February.

The Singapore-Indonesia agreement means travellers from one country to the other can pay for purchases by scanning unified QR codes

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