• Seven panel sessions: From macroeconomic topics to current pressing issues such as financial scams, digitalising motor insurance claims, and social protection
• Features an experiential showcase of Malaysia’s cross-border QR payment linkages with Indonesia, Singapore, and Thailand

Bank Negara Malaysia (BNM) hosted its first BNM Sasana Symposium 2023 (SS2023) today at Sasana Kijang. Over 700 guests attended the one-day discourse on pertinent topics through seven panel sessions and an experiential showcase of the cross-border QR payment linkages.

At the launch of SS2023, Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus emphasised the importance of structural reforms.

“To secure our future, the country must stay the course in implementing vital reforms. We must fortify our defences against crises. We must critically examine our priorities to increase our growth potential and meet sustainable goals. We must rebuild the buffers we have drawn down on to strengthen our resilience to future shocks. And we must enhance our capacity to adapt and change in order to manage risks and exploit opportunities that we may not yet see today. For many of the challenges Malaysia faces, the solutions require a whole-of-nation approach. Hence the theme of this Symposium – Structural Reforms for a Stronger Malaysia,” said the Governor.

A key highlight at SS2023 is the showcasing of Malaysia’s cross-border QR payment linkages with Indonesia, Singapore, and Thailand. SS2023 features an exhibition with food vendors from Malaysia, Indonesia, Singapore, and Thailand. Event participants can experience making live cross-border QR payments by purchasing local delectables from food vendors from the participating countries.

Customers of participating financial institutions^[1] can now make retail payments by scanning QRIS, NETS, and PromptPay QR codes via mobile banking or e-wallet apps. It supports in-person payments at physical stores and online e-commerce transactions. The same also applies to tourists from these countries to Malaysia.

^[1] Participating financial institutions for Malaysia: CIMB Bank Berhad, Hong Leong Bank Berhad, Malayan Banking Berhad, Public Bank Berhad, and TNG Digital Sdn. Bhd

See also: Governor's Welcoming Remarks at SS2023.