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Steady5 stories4 sourcesLast updated: 6/4/2026

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China Expands Cross-Border QR Payment with ASEAN, Enabling Yuan Transactions in Thailand, Vietnam, Malaysia, Singapore
Developing
Business·5/4/2026AI summary

China Expands Cross-Border QR Payment with ASEAN, Enabling Yuan Transactions in Thailand, Vietnam, Malaysia, Singapore

China has enabled cross-border QR code payments with Indonesia, Thailand, Vietnam, Malaysia and Singapore, allowing users to pay in their home currencies. Alipay and QRIS now work across borders, with Chinese visitors able to use digital wallets in Thailand since late October and UnionPay/Alipay in Vietnam since December. Natixis analysts say the move advances dedollarisation, promotes yuan internationalisation and strengthens ASEAN economic ties.

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SCMP Economy
RBI Extends E-Mandate Rules to Cross-Border Recurring Digital Payments
Developing
Business·4/21/2026AI summary

RBI Extends E-Mandate Rules to Cross-Border Recurring Digital Payments

The Reserve Bank of India has extended its E-mandate rules to cover cross-border recurring electronic payments via cards, prepaid instruments, and UPI. The new regulations set a Rs 15,000 per-transaction limit and Rs 1 lakh cap for credit card, insurance, and mutual fund payments without additional authentication. Financial institutions must provide 24-hour pre-transaction notifications and customer opt-out facilities validated through additional factor authentication.

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Economic Times