Digital Wallets
Wallet Interoperability Across ASEAN: A Quiet Quiet Revolution in Cross-Border Retail
QR-code rail interconnects are reshaping tourism and remittance flows in Southeast Asia.
By Dr. Helena Vance · April 10, 2025 · 8 min read
The bilateral and multilateral QR interconnects across ASEAN have, with little fanfare, made cross-border wallet payments routine for tourists and small businesses. The economic effect on remittance and tourism corridors is meaningful and growing.
The underlying coordination - between central banks, payment networks, and wallet operators - is one of the most successful examples of regional payments cooperation in the past decade.
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Sources & References
- Bank for International Settlements - Payments, Clearing & Settlement
- The World Bank - Payment Systems
- Mastercard - Newsroom & Research
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