EIGHT Asean countries agreed on Asean Payment Connectivity, which aims to cut transaction fees for migrants, tourists and businesses, during the meeting of Asean Finance Ministers and Central Bank Governors in Chiang Rai last week.
Bank of Thailand (BOT) Governor Veerathai Santiprabhob and Perry Warjiyo, governor of Bank Indonesia (BI) signed the memorandum of understanding (MoU) on Cooperation in the Area of Payment Systems and Financial Innovation.
