Cambodia and Singapore Launch Cross-Border QR Payments at SFF 2025
Building upon a joint-country collaboration to advance financial innovation, Singapore and Cambodia are taking a major step forward in strengthening ASEAN financial connectivity, with the launch of a cross-border QR payment linkage between Liquid Group’s RoamQR and Cambodia’s Bakong digital payment system.
The official launch ceremony of cross-border QR payments between Cambodia and Singapore was held on November 12 and was presided over by H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia (NBC), and Sopnendu Mohanty, Group CEO of the Global Finance & Technology Network (GFTN), on the sidelines of the Singapore FinTech Festival 2025 (SFF 2025).
Dr. In Channy, President of ACLEDA Bank; Raymond Chee, Deputy Chief Executive Officer of Phillip Bank Cambodia; and Jeremy Tan, CEO of Liquid Group, were also in attendance, along with several other senior representatives of the NBC, ACLEDA Bank, Phillip Bank and Liquid Group.
“Today's event marks a significant step toward fostering greater economic integration between our countries and advancing regional collaboration,” stated H.E. Dr. Chea Serey, in her congratulatory remarks. “This move builds upon Cambodia's significant efforts in digital payment innovation following our successful cross border QR code linkages with Thailand, Vietnam, Laos, Malaysia, China and Japan.”
We are now extending the connection to Singapore to unlock new opportunities for our citizens, businesses and economies. Together, we are taking a major step toward greater digital financial connectivity across ASEAN and beyond.
Phase 1 of the cross-border QR code payment connection is supported by two sponsoring banks—ACLEDA Bank and Phillip Bank—and allows Cambodian consumers and travellers to make payments by scanning RoamQR codes at participating Singapore merchants with mobile banking applications connected to Bakong and linked to Khmer Riel accounts.
Future phases will also allow Singapore consumers and travellers to scan KHQR in Cambodia for direct settlement from their preferred Singapore mobile payment apps, fostering a two-way, inclusive, and interoperable digital payment ecosystem.
“Collaborating with the National Bank of Cambodia and Bakong reflects our shared goal of expanding RoamQR’s reach while enabling secure, interoperable payments across borders,” stated Jeremy Tan.
By expanding secure digital channels such as Bakong, the NBC is strengthening public confidence in digital payments and fostering greater transparency and inclusion across Cambodia’s growing financial ecosystem.
RoamQR is Singapore’s interoperable QR payment network, connecting banks, wallets, non-bank financial institutions, and acquirers domestically. It also serves as a payment orchestration network that links Singapore’s payment ecosystem with partner national networks such as Bakong and others across the region.
Stay tuned for more updates from SFF 2025 from B2B Asia News!