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Singapore and Malaysia link widely used QR code payment systems

Move simplifies cross-border in-person and online transactions

QR code payment services are popular in Southeast Asia, where many people do not have credit cards. (Photo by Fumika Sato)

SINGAPORE -- The central banks of Singapore and Malaysia have linked the countries' smartphone QR code payment systems to allow for cross-border transactions, with plans to begin person-to-person remittance services by the end of 2023.

QR code payments from Singapore's Network for Electronic Transfers (NETS) and Malaysia's DuitNow can be used interchangeably by visitors to either country. Cross-border online transactions are supported as well.

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