Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) today launched phase 2 of the cross-border QR payment linkage between Malaysia and Cambodia. With this expansion, Malaysian travelers can now seamlessly pay Cambodian merchants by scanning the KHQR using native mobile payment application of participating financial institutions. Read our press release at: bnm.gov.my/cbqr25 #BNMPressRelease #SiaranAkhbarBNM
Bank Negara Malaysia
Perkhidmatan Kewangan
As Malaysia's central bank, we promote monetary and financial stability conducive to sustainable economic growth
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Today marks the launch of phase 2 of the cross-border QR payment linkage between Malaysia and Cambodia, led by Dato’ Seri Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia, and H.E. Dr. Serey Chea, Governor of National Bank of Cambodia. Malaysian travellers can now effortlessly pay Cambodian merchants by scanning the KHQR via selected banking apps! Plus, Cambodian visitors can continue using the Bakong app to scan Malaysia’s DuitNow QR. With over seven million merchants benefiting from this seamless payment experience, the economic ties between both countries are set to strengthen further. Read more here: bnm.gov.my/cbqr25 #MyASEAN2025 #MYASEANChair2025 #ASEANMalaysia2025 #InclusivityAndSustainability
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Bank Negara Malaysia hosted the "ASEAN Investors Roundtable: Unlocking Opportunities to Advance ASEAN Climate Initiatives, on the sidelines of the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM). Bringing together the public and private sectors as well as philanthropic capital providers, the Roundtable discussed different financing modalities for large-scale, multi-year climate initiatives such as the ASEAN Power Grid and Carbon Capture and Storage projects. Both projects are critical towards decarbonising the region, ensuring energy security and enhancing integration within ASEAN. #MyASEAN2025 #MYASEANChair2025 #ASEANMalaysia2025 #InclusivityAndSustainability #KeterangkumanDanKemampanan
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Visit the Malaysia Open House Exhibition @ ASEAN 2025, brought to you by the Ministry of Finance and Bank Negara Malaysia. The exhibition features three main zones: Malaysian Cultural Fiesta, Finance and Economy, and Youth Engagement. Visit us from 7–10 April 2025, 9:30 a.m. – 6:00 p.m. at Exhibition Hall 7 (A, B and C), Level 3, Kuala Lumpur Convention Centre. #MyASEAN2025 #MYASEANChair2025 #ASEANMalaysia2025 #InclusivityAndSustainability
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Nexus Global Payments (NGP) was formally incorporated yesterday. The multilateral payment scheme is set to transform cross-border transactions by reducing costs and enhancing accessibility. Individuals and businesses worldwide can look forward to faster and more seamless cross-border payments. Congratulations to the other four central bank partners in Project Nexus – Reserve Bank of India (RBI), Bangko Sentral ng Pilipinas, Monetary Authority of Singapore (MAS) and Bank of Thailand, as well as Bank for International Settlements – BIS as the coordinator.
Project Nexus partners incorporate Nexus Global Payments to run the cross-border payment scheme. The first mover central bank partners in Project Nexus – Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore, and Bank of Thailand – have formally incorporated Nexus Global Payments (NGP) in Singapore to operationalise and manage the multilateral instant cross-border payments scheme. NGP has appointed Benjamin Lee as the Interim Director. Mr Lee has been involved in the Nexus initiative since its incubation and will be seconded from the MAS to take on this role. NGP is commencing a procurement process to appoint a Nexus Technical Operator (NTO) to undertake the technical build and run the day-to-day operations of the Nexus scheme. The BIS is not an owner of NGP. As part of the handover, it will facilitate knowledge transfer and provide support until the first live Nexus transaction. Read full press release in this link: https://lnkd.in/geuRa_7g More information about NGP and the NTO procurement process following this link: https://lnkd.in/gHTJu67C Reserve Bank of India (RBI) Bank Negara Malaysia Bangko Sentral ng Pilipinas Monetary Authority of Singapore (MAS) Bank of Thailand #nexusglobalpayments #NGP
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Last Monday, we published our Annual Report 2024, Economic and Monetary Review 2024, and Financial Stability Review 2H 2024. Along with the release of the three reports, we engaged the media, our regulatees, the government ministries & agencies, businesses and the diplomatic corps. In these sessions, we shared our insights on the economy and developments in the financial sector. Read the reports, including the 16 feature articles here: https://lnkd.in/gCSW-NqZ #BNMAR2024 #BNMEMR2024 #BNMFSR2024
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Visit the Malaysia Open House Exhibition @ ASEAN 2025 on 7-10 April 2025! The exhibition features 3 main zones: Malaysian Cultural Fiesta, Finance and Economy, and Youth Engagement. Mark your calendars! #MyASEAN2025 #MYASEANChair2025 #ASEANMalaysia2025 #InclusivityAndSustainability
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Over the decades, ASEAN economies have become increasingly integrated, supported by free trade agreements, regional financial safety nets and more recently, payment interlinkages and the use of local currencies for the settlement of trade and investment. As part of the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) 2025, this panel session brings together policymakers and the private sector to discuss how to integrate and deepen ASEAN financial system to better support growing trade and investment flows within ASEAN, particularly in the use of local currencies. If you are interested to attend, please register via: https://lnkd.in/gXy84i3s #MyASEAN2025 #MYASEANChair2025 #ASEANMalaysia2025 #InclusivityAndSustainability
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BNM is organising the Forum on “Inclusive Financial Well-being: The Role of Financial Capability and Social Finance” on 8 April 2025, at the Kuala Lumpur Convention Centre (KLCC). The forum will discuss what it means to be financially well – both from an individual and business perspective. The esteemed speakers will also touch on the challenges in improving financial capability and the potential of behavioural insights in shaping more effective policies and interventions. If you are interested to attend, please register via: https://lnkd.in/gXy84i3s #MyASEAN2025 #MYASEANChair2025 #ASEANMalaysia2025 #InclusivityAndSustainability
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Kuih raya tersusun rapi, Ketupat rendang enak terasa, Bank Negara Malaysia dengan sepenuh hati, Mengucapkan Selamat Hari Raya. #BNMWishes #SelamatHariRayaAidilfitri