KUALA LUMPUR -- A regional cross-border system for making payments in local currencies is gaining traction among members of the Association of Southeast Asian Nations, with direct transactions between the Malaysian ringgit and Indonesian rupiah now available.
Finance
Indonesia-Malaysia QR code payments get started under ASEAN system
Cross border scheme could cut transaction costs by 30%, offer exchange rate buffer
Indonesians and Malaysians are being brought closer together by an ASEAN initiative that makes cross-border payments easier and cheaper. (Source photos by Getty Images and logo from ASEAN BAC INDONESIA's website)
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