This expansion marks a significant step towards enhancing cross-border payments within the region, offering faster, cheaper, and more transparent transactions.
The initiative, started by five ASEAN central banks in 2022 and joined by Vietnam in 2023, aims to bolster economic activities, ease trade, and facilitate remittances.
The involvement of BDCB and BOL underscores the growing commitment to financial integration and collaboration among ASEAN countries, promising a more connected and efficient regional economy, the central banks said in a joint statement on Wednesday.
