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Monday, 2 November 2026

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CIMB OCTO Extends Cross-Border QR Payments to Nine Markets

CIMB OCTO now supports DuitNow QR payments in five more destinations, while transaction growth tops 150% and the broader network reaches beyond the app’s coverage.

By TLA AI Editor4 min read

Kuala Lumpur, 2 November 2026 – CIMB Bank Berhad has expanded cross-border DuitNow QR payments through its CIMB OCTO app to five more destinations, bringing coverage to nine markets. The new destinations are China, Hong Kong SAR, South Korea, the Philippines and Laos. The service had recorded more than 500,000 cross-border transactions by September 2026, up more than 150% year on year.

For Asian consumers and businesses, the expansion could make small overseas payments easier by letting customers use a familiar banking app at participating merchants. It also extends Malaysia’s digital-payment links across the region. The confirmed facts concern coverage and transaction counts; the available announcement does not disclose payment value, market-by-market usage or the effect on merchant sales.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.