· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiLaunch of the Cambodia-Malaysia cross-border QR phase 2
Read full speech on bis.org ↗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
- Cross-border payments in the region can be improved.
- Digital payments bring cyber and fraud risks.
- Trade needs seamless payments.
Solutions proposed
- Launch Cambodia-Malaysia QR payments phase 2.
- Cooperate on oversight of payment links.
- Fight fraud, scams and money laundering.