With the new service, users will be charged lower fees for foreign currency exchange than credit cards or cash.
According to Bangkok Post, the bank plans to extend the cross-border QR code payment service in ASEAN countries where it has business operations. In addition, with several other banks, it is testing e-KYC in the Bank of Thailands regulatory sandbox.
BBL is present in eight other ASEAN countries: Cambodia, Laos, Myanmar, Vietnam, Malaysia, Singapore, Indonesia, and the Philippines.
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