On October 14, the National Bank of Cambodia (NBC) and Ant Financial International officially announced the launch of cross-border QR code payment services between Bakong and Alipay+.

The launch ceremony for this cooperation was hosted by Chea Serey, Governor of the National Bank of Cambodia, and Edward Yue, General Manager for Southeast Asia, Australia, and New Zealand of Ant Financial International.

After signing the cooperation agreement, international tourists from nine countries and regions using Alipay+ (the overseas version of Alipay) will be able to make payments in Cambodia by scanning the "Cambodia QR code (KHQR)" during their travels and consumption, covering more than 3 million merchants.

Chea Serey, Governor of the National Bank of Cambodia, stated that tourists from Thailand, Vietnam, Laos, South Korea, and Malaysia can make seamless payments at over 3 million Cambodian merchants using Bakong.

With the new cooperation with Alipay+, in the future, Cambodian citizens will be able to use their local e-wallets to make payments in China or other countries and regions that support Alipay+, enhancing the cross-border mobile payment experience.

Edward Yue, General Manager for Southeast Asia, Australia, and New Zealand of Ant Financial International, pointed out that this cooperation not only promotes regional financial technology development but also provides more economic opportunities for small and medium-sized enterprises. Global tourists can make payments in Cambodia more easily, effectively driving the recovery of Cambodia's tourism industry.

Since its establishment in 2020, Alipay+ has connected over 30 payment partners and 160 million users, covering 66 markets worldwide with a total of 90 million merchants.

This cross-border payment cooperation makes it more convenient for international capital to flow into Cambodia. Cambodian enterprises can conduct transactions more efficiently with international partners through cross-border payments, reducing transaction costs and improving efficiency, thereby attracting investors from around the world. This not only helps businesses expand their scale and enhance competitiveness but also provides a powerful driving force for the development of Cambodia's capital market.

At the same time, Cambodian companies can leverage cross-border payments to enter international markets, expand their business scope, and enhance brand influence.

This cooperation also reflects the Cambodian government's active promotion of cross-border payment development and the steady progress of the country's capital market. The Cambodian government continues to strengthen policy guidance, encourage financial innovation, and create a favorable policy environment for cross-border payments. Cambodia Securities will also continue to actively respond to government policies, continuously improving its service quality as an integrated brokerage, aggregating international resources, attracting international investors to Cambodia, and helping local enterprises effectively raise funds.