asean remittances

Mar

Thailand leads QR cross-border payments across Asia Pacific

Cambodian and Thai regulators recently announced the launch of an interoperable payment QR code for use between Cambodia and Thailand. Cambodian tourists who visit Thailand may now use their mobile banking app to pay in Cambodian riel when shopping at stores that display a Thai QR Payment sign, while the…

Sep

Asia Banking Research

How can fintechs capture opportunities in the Southeast Asia remittances market?

Demand for cross-border remittances is surging across Southeast Asia, home to a sizeable migrant worker population and many of the world’s fastest growing economies. The amounts being remitted by the region’s 21 million migrant workers are considerable – $68 billion annually, according to Siam Commercial Bank (SCB). Given their modest…

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