ASEAN finance chiefs agree to expand cross-border QR payments

Integrated networks seen as crucial to regional economic growth

20240405N Mobile payment 1

Vietnam's Momo payment app uses QR codes. Laos has been in talks with Vietnam to link QR payment platforms. (Photo by Yuji Nitta)

KOSUKE INOUE, Nikkei staff writer

LUANG PRABANG, Laos -- Top financial officials from the Association of Southeast Asian Nations agreed Friday to promote the expansion of cross-border QR payments through compatible platforms.

ASEAN finance ministers and central bank governors who met in Luang Prabang, Laos, issued a 25-point statement outlining the agreement, which mentioned "financing, payment and service connectivity" that covers QR payments.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.