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Vietnam, Philippines and Brunei to join cross-border QR payment scheme — Erwida Maulia And Ismi Damayanti

Summary:
Vietnam, the Philippines and Brunei will join other major Southeast Asian economies in an interconnected QR code payment system that aims to promote use of local currencies and reduce dependence on the U.S. dollar.Indonesia, Thailand, Malaysia and Singapore are already progressing with the implementation of bilateral transactions using QR codes among one another -- which was initiated last year, said Perry Warjiyo, governor of Indonesia's central bank, on Friday.…Nikkei AsiaVietnam, Philippines and Brunei to join cross-border QR payment schemeErwida Maulia And Ismi Damayanti, Nikkei Staff Writers

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Vietnam, the Philippines and Brunei will join other major Southeast Asian economies in an interconnected QR code payment system that aims to promote use of local currencies and reduce dependence on the U.S. dollar.

Indonesia, Thailand, Malaysia and Singapore are already progressing with the implementation of bilateral transactions using QR codes among one another -- which was initiated last year, said Perry Warjiyo, governor of Indonesia's central bank, on Friday.…

Nikkei Asia
Vietnam, Philippines and Brunei to join cross-border QR payment scheme
Erwida Maulia And Ismi Damayanti, Nikkei Staff Writers
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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