KUALA LUMPUR (Oct 16): Malayan Banking Bhd (Maybank) has signed a Memorandum of Understanding (MoU) with the National Bank of Cambodia to promote collaboration in cross-border payment and remittance between Cambodia and Malaysia.

In a statement today, Maybank said both institutions including Maybank Cambodia would work together to explore the possibility of enabling real-time transfers, payments and cross-border remittance of funds between both countries through the National Bank of Cambodia’s Bakong payment system and Maybank’s Maybank2u digital platform.