Cambodians travelling to China can make UnionPay QR code payments with e-wallets from their home country

Today, UnionPay International (UPI) and the National Bank of Cambodia signed a memorandum of understanding in Phnom Penh, the capital of Cambodia. Both parties agree to promote the interoperability of QR codes to help residents of both countries make cross-border mobile payments. Through this collaboration, Cambodian residents can make payments with e-wallets from their home country in UnionPay's global QR code network, which includes China, meeting their need for mobile payment when they visit China or other countries. UnionPay payment information will be integrated into Cambodian QR codes so that local merchants can also accept payments from the UnionPay app and mainland China banking apps connected to the UnionPay network payment platform

Accepted by more than 90% of merchants in Cambodia and equipped with hundreds of thousands of cards issued by major local banks such as ABA, ACLEDA, and Canadia, UnionPay has become a preferred payment tool for the country's inhabitants. In the memorandum of understanding signed today, UPI and the National Bank of Cambodia agree to integrate UnionPay's mobile payment services into the e-wallets of Bakong, Cambodia's national mobile payment system. In the future, Cambodian residents will be able to use Bakong members' payment apps to easily make payments in Cambodia, China, and for cross-border purchases

Both parties also agreed to jointly promote the integration of UnionPay payment information into Cambodia's national QR code network, known as KHQR, to enable UnionPay-powered wallets to be accepted by KHQR merchants. Developed with the support of the National Bank of Cambodia, KHQR now covers the whole country. Activating UnionPay's QR code network will significantly improve the mobile payment experience for UnionPay cardholders visiting Cambodia