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Defense Ministry Denies Thailand’s Unfounded Allegations Over Landmine Incident | Cambodian Government Responds to Thailand’s Diplomatic Actions Amid Border Tensions | PM: Cambodian Armed Forces Courageously Defending Sovereignty and Territorial Integrity | Cambodian Condemns Thailand's Aggressive Military Operations in Border Tension Areas | Cambodia Condemns Thai Military Aggression, Urges Immediate Withdrawal | Cambodian Ministry of National Defense Releases Timeline of Border Clashes on July 24, 2025 | Thailand Launches Airstrikes on Cambodian Military Targets, Prompting Regional Anxiety | Cambodian Army Asserts Right to Self-Defence Following Thai Incursion | Hun Sen Commands Military Operations Alongside Prime Minister Hun Manet, Denies Reports of Fleeing, Says Spokesperson | Cambodian Military Claims Control of Ta Krabey, Ta Moan Thom Temples Amid Border Clashes | PM Hun Manet Urges Calm and Respect Amid Ongoing Border Clashes with Thailand | Government Spokesperson: Thailand Using Landmine Allegations as Pretext for Invasion | Border Conflict Escalates: Cambodian and Thai Forces Continue Clashes as of 6 PM | Cambodia Condemns Thai Military for Violating World Heritage Site, Calls for Immediate Action | Cambodia Condemns Thai Military Attacks and Cluster Bombing on Border Areas, Vows Firm Response | BREAKING: Heavy Thai Assault on Ta Moan Thom Temple as Cambodian Forces Resist Fiercely | US Calls for Immediate End to Cambodia-Thailand Border Conflict | TOP NEWS: Malaysia’s Prime Minister Anwar Ibrahim, As ASEAN Chair, Urges Cambodia and Thailand to Consider Ceasefire | UN Urges Restraint as Tensions Mount at Thailand-Cambodia Border | Thailand Seeks Diplomatic Solutions Amid Escalating Border Clashes with Cambodia; Cambodia Condemns Airstrikes | Nation Unites in Humanitarian Effort: Blood Donation Drive Supports Emergency Preparedness Amid Border Tensions | Thailand Rejects International Mediation in Ongoing Cambodia Border Conflict | Cambodia Reports Intensified Thai Attacks and Condemns Use of Cluster Munitions in Urgent Third Briefing of the Day | Cambodia Responds Firmly as Day Two of Border Skirmishes Unfold | BREAKING NEWS: Prime Minister Hun Manet Clarifies Cambodia’s Position on Ceasefire Proposal Amid Border Tensions | BREAKING NEWS: Cambodia Denounces Thailand’s Military Actions as Violations of Sovereignty and International Law | UN Urges Restraint as Thailand-Cambodia Clashes Displace Thousands; Security Council Holds Emergency Meeting | Cambodia Condemns Thai Military Attack on Preah Vihear Temple | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory | Cambodia and Thailand Clashes Enter Third Day as Casualties Rise to 33 | Cambodia Condemns Thai Aggression at UN, Calls for Ceasefire and International Intervention | BREAKING: Cambodia Denies Firing Projectiles into Laos, Accuses Thailand of Disinformation | BREAKING: Laos Denies Border Clash with Cambodia; Cambodia Rejects Thai Accusations of Shelling Laos | BREAKING NEWS: Andrew MacGregor Marshall Claims Queen Mother Sirikit Has Died, Alleging Concealment by Thai Authorities | TOP NEWS: Trump Claims Diplomatic Role in Cambodia-Thailand Border Conflict, Calls for Ceasefire |

NBC, Korean Financial Institutions Promote Cross-Border QR Code Payment

  • Posted May 17, 2024 10:13 by EAC News
  • 2748
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Phnom Penh, 17 May 2024 – The National Bank of Cambodia (NBC) and three South Korean financial institutions – JB Bank, Kookmin Bank, and Woori Bank – have entered into a cooperation agreement to promote cross-border payments and remittances for migrant workers.

Dr. Chea Serey, NBC Governor, signed three separate bilateral Memorandums of Understanding (MoUs) on "Cross-Border QR Code Payment" during the Cambodia-Korea Business Forum on May 16 in Seoul, the Republic of Korea, according to a press statement.

The signing ceremony was presided over by Hun Manet, Prime Minister of Cambodia, during his official visit to the Republic of Korea from May 15 to 18, 2024.

Additionally, Credit Bureau Cambodia signed a tripartite MoU with Credit Bureau Korea and JEONBUK Bank on "Cross-Border Credit Report Sharing" between Cambodia and the Republic of Korea.

NBC stated that these MoUs will facilitate tourism business activities and promote cross-border payment transactions, remittances, and payments in the national currency, enhancing trust, security, efficiency, stability, and environmental benefits for the people and businesses of both countries.

Moreover, it will contribute to strengthening the exchange of credit information more effectively and securely.


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