Government salaries to no longer be paid in cash

2 December 2013
The Phnom Penh Post
Banking and financial services / Economic policy and administration / Economy and commerce / Government / Ministry of Economy and Finance / System of government
ACLEDA Bank / Canadia Bank / Chu Kim Leng / In Channy / WING company

The wages of 400,000 civil servants from 39 government ministries are to be paid via a new electronic banking system due to be rolled out next month.

Secretary of State for the Ministry of Economy and Finance Chu Kim Leng announced the new payroll system on Friday, according to local media reports, marking the beginning of the end for cash-only payments in the government sector.

The ministry, ACLEDA Bank, Canadia Bank and WING – a company that allows clients to make and receive payments using their mobile phones – signed off on the deal last week.

According to In Channy, president and CEO of ACLEDA, the government will deposit salaries into an account at either one of the two participating banking institutions or with WING starting in January 2014. …

 Chan Muy Hong
http://www.phnompenhpost.com/business/government-salaries-no-longer-be-paid-cash