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Launch of the Cambodia-Malaysia cross-border QR phase 2

· Abdul Rasheed Ghaffour, Governor of the Bank Negara Malaysia (Malaysia)

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiLaunch of the Cambodia-Malaysia cross-border QR phase 2

ContextCongratulatory remarks by Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the Launch of the Cambodia-Malaysia Cross-border QR Phase 2, Kuala Lumpur, 8 April 2025.

Why it mattersMalaysia and Cambodia extend cross-border QR payments, a step in ASEAN payment integration.

Problems raised
  1. Cross-border payments in the region can be improved.
  2. Digital payments bring cyber and fraud risks.
  3. Trade needs seamless payments.
Solutions proposed
  1. Launch Cambodia-Malaysia QR payments phase 2.
  2. Cooperate on oversight of payment links.
  3. Fight fraud, scams and money laundering.
Read full speech on bis.org ↗

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