Krungsri (Bank of Ayudhya PLC), a member of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions, has reinforced its leadership in the ASEAN region by extending its network connectivity throughout the Asia-Pacific region through the introduction of cross-border QR payments, an international payment solution. This solution is designed to streamline cross-border transactions,

Krungsri (Bank of Ayudhya PLC), a member of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions, has reinforced its leadership in the ASEAN region by extending its network connectivity throughout the Asia-Pacific region through the introduction of cross-border QR payments, an international payment solution. This solution is designed to streamline cross-border transactions, while also enhancing convenience and ensuring heightened safety. Travelers will also benefit from better exchange rates when making payments between Thailand and the special administrative region of Hong Kong by scanning QR codes through the KMA krungsri app, effective from today.

This success reaffirms Krungsri’s dedication, as outlined in the Medium-Term Business Plan (MTBP) 2021-2023, to become the Preferred Thai Bank Connecting Customers’ Needs across the region by delivering innovation and solutions that make customers’ lives simple every day.

Mr. Pairote Cheunkrut, Krungsri Chief Strategy Officer, said, “This innovative international payment service via QR code is a pivotal part of a collaborative initiative that fosters financial integration by connecting retail cross-border payments from the Bank of Thailand (BOT) with other central banks in the region. Krungsri is committed to continuous innovation as we strive to provide financial services that bring tangible benefits to the daily lives of our retail, business and corporate customers across the region. The launch of QR code payments between Thailand and Hong Kong, in collaboration between the Bank of Thailand and the Hong Kong Monetary Authority (HKMA), marks a significant milestone for Krungsri. As a leading bank in Thailand, our involvement in co-developing the project showcases our dedication to delivering trusted financial services and underscores our capability to connect customers throughout the region. This is achieved by harnessing the expertise and extensive global network of our parent company, MUFG, further reinforcing our commitment to connectivity and excellence in financial services.”

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