What's Happening?
Phillip Bank has partnered with Liquid Group to launch RoamQR, a cross-border payment solution enabling Cambodian travelers to make seamless payments in Singapore. The service allows users to pay from their Khmer Riel accounts at participating merchants,
with automatic conversion to Singapore Dollars. This initiative aims to simplify international transactions for Cambodian travelers, enhancing convenience and accessibility.
Why It's Important?
The introduction of RoamQR represents a significant advancement in cross-border payment solutions, reflecting the growing demand for seamless and secure international transactions. This service benefits Cambodian travelers by eliminating the need for currency exchange and physical cash, promoting digital payment adoption. It also strengthens economic ties between Cambodia and Singapore, fostering greater financial integration in the region.
