Source: Tech – South China Morning PostChina and Indonesia have launched a new cross-border QR payment system, marking the latest step in Beijing’s drive to build a regional digital payments network as it pushes to internationalise the yuan and reduce dependence on the US dollar.
Users can now use domestic mobile apps – such as China’s Alipay and Indonesia’s QRIS – to scan QR codes and make retail payments in either country using their home currencies.
Alicia Garcia-Herrero, chief economist for the Asia-Pacific region at French…Read More