Bank Indonesia and the Bank of Korea launched QRIS cross-border payments on April 1, 2026, eliminating currency conversion for users in both countries.
MDP focuses on switching and clearing at the infrastructure layer, not consumer wallets, positioning it as a direct NAPAS rival for institutional traffic.
Bank Negara Malaysia is advancing work on CBDC, tokenised deposits, and ringgit stablecoins in 2026, with a regulatory framework for digital assets under development.