Indonesia: Bank Indonesia and the Bank of Thailand launch pilot phase of cross-border QR payment linkage

Bank Indonesia and the Bank of Thailand, the countries' respective central banks, have launched the pilot phase of the cross-border QR payment linkage between Indonesia and Thailand. It enables users from both countries to make instant QR payments for cross-border goods and services. At this point, users from one country can use mobile applications to scan QR codes from the respective other country using codes offered by a number of participating banks and other institutions. The project is set for full commercial launch in the first quarter of 2022.