ABA​ Bank​ now​ supports​ KHQR​ for​ greater​ convenience​ of​ its​ QR​ payments

09/Mar/2022

ABA KHQR DT EN

ABA​ Bank,​ the​ leading​ Cambodian​ commercial​ bank​ in​ digital​ finances,​ announces​ that​ KHQR,​ an​ initiative​ led​ by​ the​ National​ Bank​ of​ Cambodia​ (NBC)​ to​ promote​ wider​ use​ of​ mobile​ retail​ payments,​ is​ now​ fully​ enabled​ in​ the​ ABA​ PAY​ payment​ system.

Through​ this​ development,​ all​ users​ of​ mobile​ applications​ of​ banks-members​ of​ Bakong​ will​ be​ able​ to​ make​ payments​ by​ scanning​ ABA​ PAY​ QR​ codes​ at​ more​ than​ 150,000​ ABA​ merchants​ across​ the​ country.​ The​ KHQR​ payment​ service​ in​ ABA​ PAY​ aims​ to​ bring​ greater​ convenience​ for​ both​ payers​ and​ payees​ through​ QR​ codes​ that​ become​ scannable​ by​ the​ ABA​ Mobile​ app,​ Bakong​ app,​ and​ all​ other​ Bakong​ members’​ banking​ apps​ and​ e-wallets.​

If​ you​ are​ a​ merchant​ or​ business​ owner​ and​ want​ to​ accept​ cashless​ payments​ from​ clients​ of​ many​ banks​ and​ MFIs​ via​ a​ single​ QR​ code,​ download​ PayWay​ Mobile from​ Apple​ App​ Store​ or​ Google​ Play​ Store​ on​ your​ smartphone,​ request​ online​ for​ a​ printed​ ABA​ PAY​ KHQR​ on​ our​ Payment​ Collection​ Service​ page,​ or​ use​ ABA​ ID​ in​ your​ ABA​ Mobile​ app.

“We​ are​ delighted​ to​ announce​ the​ official​ start​ of​ the​ ABA​ KHQR​ payment​ service,​ which​ will​ streamline​ the​ efficiency​ of​ cashless​ payments​ using​ QR​ code.​ In​ addition​ to​ the​ convenience​ we​ bring​ to​ businesses,​ our​ ABA​ Mobile​ users​ can​ also​ make​ QR​ payments​ with​ ease​ without​ worrying​ if​ the​ business​ carries​ an​ ABA​ QR​ code.​ With​ most​ of​ the​ banks​ in​ the​ country​ already​ supporting​ KHQR,​ the​ only​ banking​ app​ you​ need​ is​ ABA​ Mobile,​ where​ you​ can​ pay​ at​ almost​ any​ shop,​ restaurant,​ and​ business​ locally,”​ said​ Sanzhar​ Abdullayev,​ Chief​ Card​ and​ E-Payments​ Officer​ of​ ABA​ Bank.

KHQR​ is​ an​ essential​ element​ of​ the​ NBC’s​ Project​ Bakong,​ an​ integrated​ payment​ and​ money​ transfer​ system​ based​ on​ blockchain​ technology.​ This​ payment​ service​ offers​ a​ mutual​ payment​ facility​ interoperability​ across​ all​ participating​ financial​ institutions​ in​ the​ Project​ Bakong.​

The​ adoption​ of​ the​ KHQR​ standard​ further​ solidifies​ ABA’s​ commitment​ to​ supporting​ NBC’s​ efforts​ in​ promoting​ payment​ system​ innovation,​ financial​ inclusion,​ and​ digital​ economy​ transformation​ of​ the​ country.​