Authorities Eye QR Code Reforms To Unlock Asian Payments Harmony

Connectivity between QR code payment systems is emerging as the chief conduit of payments integration in southeast Asia after finance ministers and central bank chiefs from ten countries agreed to study interoperability across the region.

A meeting of ministers and regulators from the Association of Southeast Asian Nations (ASEAN) in Thailand on April 5  “welcome[d] the initiative to explore the feasibility of interoperable QR codes to promote the use of innovative retail payment instruments” across member states, an end-of-summit communique said.

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.