Singapore, Malaysia Shoppers Can Now Pay Cross-Border Merchants Via Smartphones
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Singapore and Malaysia travelers can now pay for their purchases via mobile phones, with plans to expand financial connectivity between the neighboring countries to real-time fund transfers by the year end.
The countries established a cross-border QR code payment linkage on Friday, according to a joint statement from the Monetary Authority of Singapore and Bank Negara Malaysia. This allows retail customers of participating banks to pay at stores or to online merchants by scanning QR codes.