By Nermeen Nabil Khear 
China’s UnionPay Worldwide Co. Ltd. and Nationwide Fee Corp. of Vietnam (NAPAS) have signed a memorandum of understanding (MOU) to deepen collaboration on cross-border funds, aiming to permit digital pockets holders from one nation to pay by way of QR codes within the different.
The partnership builds on an MOU signed by the 2 international locations’ central banks in August to work collectively in areas together with cross-border cost interoperability, based on a press launch from UnionPay Worldwide, a subsidiary of cost and clearing big China UnionPay Co. Ltd. chargeable for its worldwide enterprise. The settlement may turn into a template for China’s cost suppliers as they develop their networks abroad and work to make cross-border cost simpler.
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