News

Fintech helped us reduce costs, NBC Governor tells Dubai Fintech Summit

Adoption of digital payments has helped in reducing remittance costs, said Chea Serey, Governor, National Bank of Cambodia at a panel discussion on ‘Sustainable Capital: Environmentally Consolidated Finance’ on Monday at the Dubai Fintech Summit in UAE. ...

Khmer Times Staff
https://www.khmertimeskh.com/501485201/fintech-helped-us-reduce-costs-nbc-governor-tells-dubai-fintech-summit/

NBC, ERIA join hands to develop strategy for green digital finance

The National Bank of Cambodia (NBC) and the Economic Research Institution for ASEAN and East Asia have recently entered cooperation to develop a strategy for green digital finance in Cambodia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501479400/nbc-eria-join-hands-to-develop-strategy-for-green-digital-finance/

‘Fintech playing key role in financial inclusion efforts’

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501399932/fintech-playing-key-role-in-financial-inclusion-efforts/

‘Fintech playing key role in financial inclusion efforts’

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501399932/fintech-playing-key-role-in-financial-inclusion-efforts/

Cambodia unveils new Fintech Policy to drive innovation and inclusion

The Cambodian government recently unveiled the Cambodia Financial Technology Development Policy 2023-2028, a comprehensive strategy aimed at promoting financial innovation, ensuring financial stability, and enhancing financial inclusion in the country. ...

Khmer Times Staff
https://www.khmertimeskh.com/501387042/cambodia-unveils-new-fintech-policy-to-drive-innovation-and-inclusion/

Cross-border payment services to be expanded

The National Bank of Cambodia (NBC) plans to expand its cross-border payment and transfer connections to China, Singapore and India this year. ...

Van Socheata
https://www.phnompenhpost.com/business/cross-border-payment-services-be-expanded

Financial Technology takes center stage in Cambodia’s economic growth plan

Cambodia has unveiled its Financial Technology (Fintech) Development Policy 2023-2028, aiming to enhance financial inclusion, maintain financial stability, and promote innovation. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371701/financial-technology-takes-center-stage-in-cambodias-economic-growth-plan/

NBC Governor joins Vaduz Roundtable Forum on “Financial System 2023”

Governor of the National Bank of Cambodia (NBC) Dr. Chea Serey participated in the Vaduz Roundtable Forum on “Financial System 2023” in Vaduz, Liechtenstein, late last week, to share NBC’s experience in financial system improvement. ...

Khmer Times Staff
https://www.khmertimeskh.com/501362734/nbc-governor-joins-vaduz-roundtable-forum-on-financial-system-2023/

Cambodia, S’pore roll out SME-support fintech plan

Cambodia and Singapore have launched a Financial Transparency Corridor (FTC) initiative intended to provide the necessary digital infrastructure for cross-border financial services and trade between small- and medium-sized enterprises (SME) in either country. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-spore-roll-out-sme-support-fintech-plan

MEF, ABA Bank partner to develop digital economy and fintech

The Ministry of Economy and Finance (MEF) and Canada-headquartered ABA Bank signed a Memorandum of Understanding (MoU) today to collaborate within the framework of digital economy and financial technology development in Cambodia. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-mef-aba-bank-partner-to-develop-digital-economy-and-fintech

Now Cambodians avail loan through ‘mobile chat’ tech

Get a loan sanctioned within a few hours, sometimes in minutes, and that too on the basis of an application you place through a mobile chat sitting at home! Well, this is already happening in Cambodia and some microfinance institutions (MFIs) have embraced the fast-developing ...

Manoj Mathew
https://www.khmertimeskh.com/501247709/now-cambodians-avail-loan-through-mobile-chat-tech/

NBC: E-wallet accounts in Cambodia hit 17.9M in 2022

The number of e-wallet accounts in the Kingdom reached 17.9 million at end-December amid an acceleration in electronic payment volumes driven in part by Covid-19 anxiety, reflecting gradual fintech (financial technology) development towards achieving the government’s digital economy objectives. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-e-wallet-accounts-cambodia-hit-179m-2022

NBC: E-wallet accounts in Cambodia hit 17.9M in 2022

The number of e-wallet accounts in the Kingdom reached 17.9 million at end-December amid an acceleration in electronic payment volumes driven in part by Covid-19 anxiety, reflecting gradual fintech (financial technology) development towards achieving the government’s digital economy objectives. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-e-wallet-accounts-cambodia-hit-179m-2022

Bakong digital transactions see remarkable growth

Bakong payment system infrastructure has increased remarkably and has contributed to the use of financial technology and innovations, the National Bank of Cambodia said on Monday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501188708/bakong-digital-transactions-see-remarkable-growth/

Online platform elevates Cambodia’s fintech sector

Blockchain network CamDL launches this week with the aim of providing the public with a platform to experiment with blockchain technology to solve daily issues, such as managing digital assets and strengthening data protection.​ ...

Seng Mengheng
https://kiripost.com/stories/cambodia-distributed-ledger-camdl

Financial Technology exhibit on way

The Ministry of Economy and Finance will organize its first ever ‘Fintech Stage’ exhibition in Cambodia to promote the digital economy. The Fintech Stage will join the Cambodia Tech Expo 2022, to be held from November 11-13 at the Koh Pich Convention and Exhibition Centre. ...

Ry Sochan
https://www.phnompenhpost.com/business/financial-technology-exhibit-way

Finance minister asking Booyoung Group of S Korea for fintech boost

The finance minister has asked South Korea’s Booyoung Group to invest more in the Cambodian financial-technology (fintech) market, which has seen remarkable growth during Covid-19, as the company’s chairman revealed preliminary plans for a university in the Kingdom focused on fintech and taxation. ...

May Kunmakara
https://www.phnompenhpost.com/business/finance-minister-asking-booyoung-group-s-korea-fintech-boost

Fintechnews Singapore says digital financial services picks up steam in Cambodia

Over the past few years, digital financial services have seen greater adoption in Cambodia, a trend that was accelerated by the COVID-19 pandemic and the social distancing measures put in place to limit the spread of the virus. ...

Khmer Times Staff
https://www.khmertimeskh.com/1021708/fintechnews-singapore-says-digital-financial-services-picks-up-steam-in-cambodia/

NBC: Fintech fuels 2020 boom in Kingdom's payment systems

Payment systems in Cambodia have seen remarkable strides in line with the evolution of financial technology (fintech) and significantly contribute to the development of the national economy, as digital transactions witness a Covid-19 boom, the National Bank of Cambodia (NBC) said in the 2020 annual ...

Thou Vireak
https://www.phnompenhpost.com/business/nbc-fintech-fuels-2020-boom-kingdoms-payment-systems

ACLEDA expanding its digitalisation strategy in 2021

ACLEDA Bank Plc, one of the largest commercial banks in Cambodia, announced that it is boosting and expanding its self-automation post banking services as part of its focus on digitalisation in the Kingdom. ...

Sok Chan
https://www.khmertimeskh.com/50809406/acleda-expanding-its-digitalisation-strategy-in-2021/

Fintech points the way to full financial inclusion for Cambodians

With more cellphones existing in the Kingdom than citizens and one of the youngest populations in the world, Cambodia’s mobile financial industry may be poised to bring the Kingdom’s deficit in financial inclusion to an end. ...

Husain Haider
https://www.khmertimeskh.com/50809969/fintech-points-the-way-to-full-financial-inclusion-for-cambodians/

UN rolls out fund for women-led firms

Cambodian women-led fintechs, technology or regulated financial institutions are among the enterprises eligible for the recently-launched Women Enterprise Recovery Fund to promote and expand their businesses, according to the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). ...

May Kunmakara
https://www.phnompenhpost.com/business/un-rolls-out-fund-women-led-firms

New milestone for financial technology

Techo Startup Centre (TSC), under the Ministry of Economy and Finance and the association of banks in Cambodia, yesterday signed a memorandum of understanding (MoU) on cooperation to promote financial technology systems in Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50767710/new-milestone-for-financial-technology/

Strong growth projected for Cambodia’s banking sector

National Bank of Cambodia (NBC) governor Chea Chanto said on Monday that the Kingdom’s economy has maintained robust growth with low and manageable inflation which paves a favourable path for the banking sector’s continuous development. Meanwhile, fintech is playing an important role in the financial ...

May Kunmakara
https://www.phnompenhpost.com/business/strong-growth-projected-cambodias-banking-sector

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