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China-Cambodia QR Payment Interoperability Speeds up -- UnionPay Wallets from China Achieve 200%+ Transaction Value Growth in Cambodia
Globenewswire· 2025-04-22 12:11
SHANGHAI, April 22, 2025 (GLOBE NEWSWIRE) -- Under the guidance of The People's Bank of China (PBOC) and the National Bank of Cambodia (NBC), UnionPay has further strengthened the China-Cambodia cross-border QR payment interoperability, achieving positive progress. In the first quarter of 2025, the QR payment value via the UnionPay App and UnionPay's domestic partner wallets in Cambodia surged by over 200% year-on-year, reaching a record high. As an important achievement of the Belt and Road Initiative, the ...