Cross-border payments through a QR code are started between Singapore and Malaysia

Monetary and credit administration office Singapore and Bank Bank Negara Malaysia (Central bank Malaysia) (BNM) Payment system united NETS and DuitNow QR. At the initial stage the bridge will allow clients to make retail payments by means of QR code scanning. At the following stage it is planned to expand functionality and to provide cross-border transfers in real time, using only number of the mobile phone the recipient. It is expected that this service will be started by the end of 2023...