Nets, Myanmar's national payment network to co-develop QR code system

Singapore

NETS will share with Myanmar's national payment network its technical and operational knowledge on Singapore's unified e-payment system for QR codes - the Singapore Quick Response (SGQR) Central Repository platform, with the intention of implementing a similar platform in the South-east Asian country.

This is the first project under the new payment technology exchange and development programme established by Nets and Myanmar Payment Union (MPU). Both parties have signed a memorandum of understanding for the programme, the Singapore payments services group said in a media statement on Monday.