According to Cambodia's "Khmer Times" on December 25, on the 22nd, the National Bank of Cambodia and UnionPay International, a Chinese financial service institution, officially launched cross-border payment, supporting UnionPay cardholders to scan local merchants to pay.
According to the report, the cooperation launch ceremony was held on December 22, attended by the President of the National Bank of Cambodia, Xie Silei, and the Chinese Ambassador to Cambodia, Wang Wentian.
According to Ms. Tse, UnionPay cardholders visiting Cambodia will be able to use UnionPay's wallets, such as the UnionPay app and commercial bank apps that are connected to the UnionPay online payment platform in China, to accept QR code payments at about 1.8 million local KHQR merchants.
By early 2024, Cambodian residents will also be able to use the wallet products of the local payment system BaKong to pay at UnionPay*** merchants around the world, including China, to optimize the cross-border mobile payment experience of local residents.
"The cross-border payment cooperation between the Bakong payment system launched by the National Bank of Cambodia and UnionPay International will enhance the level of financial cooperation between the two sides and benefit users in the two countries and even the world through technical means," Xie said. ”
Cai Jianbo, Chairman of Bank of China and Chairman of UnionPay International, said that the cooperation between the two parties aims to meet the payment needs of Chinese and other global tourists to Cambodia, promote the recovery of international tourism and help Cambodia's economic development.
"Under the guidance of the People's Bank of China, UnionPay actively participates in the interconnection of payment networks in ASEAN countries. ”
Since last year, we have cooperated with local transit networks in 15 countries and regions outside China, and 16 projects have been implemented or are in progress. Today's launch of the project is an important achievement of UnionPay's cooperation with Southeast Asian countries on payment network interconnection. He added.