ASEAN Integrated QR Code Payment System
The ASEAN Integrated QR Code Payment System is a 2023 initiative by ASEAN for an integrated QR code payment systems. It was part of ASEAN's Local Currency Transaction Framework. The initiative was aimed at using local currencies and reduced dependence on certain currencies, particularly the US dollar, in cross-border transaction among ASEAN countries.
History
At the 10th joint meeting of the ASEAN Finance Ministers and Central Bank Governors, held in Jakarta, Indonesia, on 25 August 2023, the group committed to integrating each country's QR payment systems as part of the Financial Integration and Liberalisation agenda.As of 2024, the following QR payment systems were or would soon be included in the integrated payment system:
| Country | QR Code Payment System | Authority/Owner | National QR Integration Launch Date | Cross-Border QR Linkage Launch Date | Notes |
Malaysia |
Malaysia