ABA Bank and Almond FinTech Sign Agreement

One of Cambodia's leading banks, ABA, has signed an agreement with Almond Fintech which specialises in cross-border payments - and they hope to offer...

Cambodia 2022 Q1 Economic Report

With Q1 2022 wrapped, news on the various industries and economic sectors is being released by Ministries and local media. We review the data...

Opening a Business Bank Account in Cambodia

There are many commercial banks in the Kingdom of Cambodia - at the end of 2021 there were 54 commercial banks listed by the...

ADB Backs Strong Cambodian Economic Growth

The Asian Development Bank (ADP) expects Cambodia’s economy to grow by 5.3 per cent in 2022 and 6.5 per cent in 2023, it announced...

Cambodia’s Mobile Payments On The Rise

Cambodia has seen a continued sharp growth in mobile payments, buoyed by the impacts of the pandemic and increased use and development of fintech...

Cambodia’s Digital Startup and Fintech Space Keeps Growing

With over 300 active technology startups, operating at various stages of maturity in the Kingdom of Cambodia, we take a look at the burgeoning...

Wing Bank Partners With Scienaptic in Cambodia

Wing Bank has deployed Scienaptic’s AI-powered credit platform to use cutting-edge digital credit decisioning process to improve financial access in Cambodia they have confirmed. Decisioning...

NBC Launches Ten Policies For Cambodian Economic Growth in 2022

The National Bank of Cambodia (NBC) announced it will introduce 10 core policies to support sustainable economic growth and recovery of the Kingdom in...

Cambodian Economic Outlook for 2022

The National Bank of Cambodia (NBC) claims that the national economy will grow by 5 per cent in 2022 while inflation is projected at...

Bakong reaches nearly 8 million users

The Bakong digital currency, released by the National Bank of Cambodia (NBC), had approximately 270,000 users as of November 2021 but after partnering with...

Credit Bureau (Cambodia) Co., Ltd internationally recognised as “Best Companies to...

Credit Bureau (Cambodia) Co., Ltd. (CBC) was awarded the title of one of “Best Companies to Work for in Asia 2021” in Cambodia by...

Credit Bureau Cambodia (CBC) Commits USD 1 million to promote financial...

On 24 December 2021, Credit Bureau Cambodia (CBC) has announced a commitment of USD 1 million in support of the National Financial Inclusion Strategy...

World Bank Lowers Cambodia’s GDP 2021 Growth Forecast

The World Bank has lowered the economic forecast for Cambodia to 2.2 per cent for 2021. In April 2021 the organisation has anticipated a...

E-Commerce VAT Tax Prakas

The details of the E-Commerce VAT Tax Prakas have been outlined by Cambodian legal firm DFDL. In April 2021 Sub-decree No. 65 S.E on...

Cambodia’s Expected 2021 GDP Lowered by ADB

The Asian Development Bank (ADB) has revised down the expected GDP for the Kingdom of Cambodia and expects the SEA nation to reach 1.9...

Bakong Adds Malaysian International Cross Border Payments

The National Bank of Cambodia (NBC) with its Bakong app, has launched a real-time funds transfer service between Malaysia and Cambodia with Maybank's MAE...

Thunes and ABA Partner on Digital Cross Border Payments

Thunes, a network provider of global cross-border payments, and ABA have formed a partnership targeting overseas Cambodians to send money back home. The digital payments...

Foreign Direct Investment Declines in First Half of 2021

The Cambodian Ministry of Economy and Finance has reported that the Foreign Direct Investment (FDI) fell by 50 per cent between Jan-May 2021 compared...

ABA Partners with Forest Interactive Cambodia

ABA Bank has partnered with Forest Interactive to onboard the digital content partner for its mobile banking app, ABA Mobile. The press release said that...

National Bank of Cambodia Launches New Digital Payments Campaign

The National Bank of Cambodia (NBC) has launched a new campaign to encourage digital banking and payments on May 24, 2021, called “Go online...

What is Cambodia’s Financial Outkook in 2021?

The financial outlook for Cambodia is constantly being evaluated due to the impact of the COVID-19 pandemic. We review the latest reports on the...

SBI LY HOUR Bank Using Blockchain for International Payments

SBI LY HOUR Bank, a Cambodian commercial bank, announced it will start utilising blockchain for money transfers with Vietnamese commercial bank Tien Phong Commercial...

Wing (Cambodia) Ltd Specialised Bank is now Commercial Bank

Wing (Cambodia) Ltd Specialised Bank will now operate as a commercial bank, and be rebranded as Wing Bank (Cambodia) Plc, after being granted the...

Cambodia Has One of the Leading Global CBDCs

The launch of the Bakong project in Cambodia has seen the SEA nation considered as having one of the leading global CBDC (central bank...

Moody’s Investors Service upholds Cambodia’s B2 rating

According to Moody’s Investors Service 2021 Inside ASEAN report, Cambodia has been graded with a B2 rating. The report, released on March 29, 2021, said:...

2020 Casino Tax Collection Drops by More Than 50 percent

The Cambodian Ministry of Economy and Finance has confirmed that casino tax collections for 2020 dropped to $40 million in 2020, less than 50...

GDT Asked to Delay Income Tax 2020

As many as nine international business chambers in Cambodia have asked the General Department of Taxation (GDT) to extend the deadline for filing the...

Meal Temple merges with Kiwi Pay Group

Cambodian Meal Temple Group have announced a strategic merger with Hong Kong-based fintech firm Kiwi Pay Group. The aim of the merger is to enter...

Phillip Bank launches 90% home loan for Cambodian buyers

Owning your dream home is now easier than ever. Phillip Bank is currently offering Cambodian property seekers up to 90% financing. Cambodian property buyers...

Cambodian ranking on 2020 Corruption Perception Index

Cambodia ranked one place better on the 2020 Corruption Perception Index but was still the worst-ranked of the ASEAN nations. The Transparency International’s (TI) Corruption...

ACLEDA Bank PLC rebrands with new Logo and App

ACLEDA Bank Plc. has launched a new logo as part of a rebrand while also launching an updated version of their banking app now...

Cambodia’s GDT close to 2020 collection target

Cambodia's General Department of Taxation (GDT), confirmed this week that it had collected 95 per cent of its annual revenue collection target for 2020,...

Smart Axiata Digital Innovation Fund makes more investments

The Smart Axiata Digital Innovation Fund (SADIF) confirmed it has invested in two more Cambodian firms; Banhji, a financial platform for micro, small and...

Visa Accelerator Program – Cambodia

The Visa Accelerator Program, aimed at startups across the Asia Pacific, including in Cambodia, are looking to expand their businesses into new markets. Ms. Chum...

World Bank predicts Cambodia’s ecomony to grow by 4 per cent...

The Restrained Recovery report, World Bank’s latest economic update for Cambodia, was published today and projects the Kingdom's economy to contract by 2 per...

G Capital to setup Oriental Commercial Bank in Cambodia

G Capital, in partnership with Public Bank Bhd’s Indo-China operations regional head Datuk Phan Ying Tong and Cambodian firm E S Packaging Co Ltd,...

Credit Bureau Cambodia launches CBC Mobile app

Credit Bureau Cambodia has launched the first app in Cambodia, CBC Mobile, aimed at promoting credit transparency, financial health, and responsible credit management. With the CBC...

Rai Capital launches in Cambodia

Rai Capital and Goldbell Financial Services have launched a joint venture in Cambodia targeting financial inclusion in peer-to-peer (P2P) lending. Rai Capital was founded in...

Fincy Helps Leapfrog Cambodia’s Fintech Industry

Thought Leadership Article Presented by Fincy Written by Zwan Ross Lee, CEO of Fincy App and GBCI Ventures PLC. Technological innovation continues to be the primary...

NBC officially launches Bakong

The National Bank of Cambodia (NBC) officially launched the Bakong digital currency on Wednesday 28th October 2020, which is backed by blockchain technology. Chea Serey,...

More Ministries integrate with Cambodian Government’s online Single Portal

The Ministry of Industry, Science, Technology and Innovation, and the General Department of Small and Medium Enterprises and Handicraft will both soon integrate their...

IMF predicts Cambodia will be fastest growing ASEAN economy by 2025

The International Monetary Fund (IMF) has projected that Cambodia will be the fastest growing economy in ASEAN by 2025, and even the third-fastest growing...

Realestate.com.kh Year-End Property Sale 2020

Realestate.com.kh has announced the sixth edition of its property event series, the Year-End Property Sale 2020, will be held at The Premier Center in...

Cambodia launches Financial Management Information System (FMIS)

The Kingdom of Cambodia has launched a new Financial Management Information System (FMIS), which together with a tax data management system, intends to streamline...

Will new changes halt the growth of E-Commerce in Cambodia?

The Cambodian government has announced some E-commerce businesses will require licenses, and there are talks of a national internet gateway to control and monitor...

Growing Fintech In A Growing Cambodia

Presented by Fincy Written by Zwan Ross Lee, Global Head of Business Development, Marketing and Sales of Fincy. Global Fintech Fintech has evolved leaps and bounds since...

Cambodian businesses recognised in international awards

This past week, a number of Cambodian businesses were winners of various international and regional awards across a range of industries. Tourism - 3rd Experience...

Evergreen Assets Management to expand into Cambodia

Evergreen Assets Management (Evergreen AM) has engaged Passion Venture Capital Pte Ltd, to successfully set up a new fund to raise up to...

Techo Startup Center (TSC) and ABA Bank Sign MoU

ABA Bank have signed a Memorandum of Understanding with the Cambodian government-backed Techo Startup Centre which will prioritise the ABA PayWay online payment platform. The...

Cambodian Car Market 2020

The Cambodia General Department of Customs and Excise says the Kingdom imported 414,725 vehicles worth $634.98 million in the first half of 2020. What vehicles...

Cambodian fintech startup Clik secures US$3.7 million seed funding

Cambodian-based fintech startup, Clik, has secured an additional US$3.7 million in seed funding it was confirmed this week. The firm said that the seed funding...

ABA Bank and KESS Innovation Promote Cashless Payments

ABA Bank and KESS Innovation Plc. have signed a partnership to promote cashless payments using the ESS e-commerce payment system. ABA Bank recently was announced...

Realestate.com.kh and HuiOne Pay form strategic partnership

Realestate.com.kh and HuiOne Pay have announced the formation of a strategic partnership that seeks to benefit both parties within the Kingdom of Cambodia, a...

ABA​ Bank wins Euromoney’s ‘Best​ Bank​ in​ Cambodia​ 2020’ award

ABA Bank,​ which is a​ subsidiary​ of​ National​ Bank​ of​ Canada,​ received​ the​ 'Best​ Bank​ in​ Cambodia​ 2020' award from Euromoney, regarded as a...

Wing collaborates with Morakot to boost Cambodian fintech

Wing and Morakot have announced a partnership which will allow MFIs and banks in Cambodia to more easily collect loan repayments, using fintech solutions...

Cambodia financial semi-annual 2020 Review

A number of financial reports have been released for the Kingdom of Cambodia for the first half of 2020. We review the latest data...

Cambodia looks to secure multiple FTA deals

The Royal Cambodian Government is looking to secure a number of FTA (Free Trade Agreements) with China, India and Korea. Cambodia - China FTA The Free...

Phum Impact encourages Cambodian provincial entrepreneurship

Phnum Impact is being launched to promote entrepreneurship in Cambodian cities and rural areas and is formed by Impact Hub Phnom Penh, with funding...

Cambodia Withholding Tax (WHT) Rates 2020

The Cambodian government, through the Ministry of Economy and Finance (MEF) has issued Prakas (regulation) no. 525 in late June 2020 on the new...

AMK and EMQ offer cross-border money transfers across SEA

AMK, a microfinance provider in Cambodia, and EMQ, a global financial settlement network, will facilitate cross-border money transfer across Southeast Asia they said this...

Fintech in Cambodia 2020

Fintech companies are arguably the among best prepared for the current COVID-19 pandemic in 2020. With the shift to "remote working" or working from...

National Bank of Cambodia to end use of small Dollar notes

The National Bank of Cambodia (NBC), the central bank of the Kingdom of Cambodia, wants the country to stop using the smallest US dollar...

TADA completes Series A funding

TADA, the ride-hailing app operating in Cambodia, which also recently introduced delivery services, has completed its Series A funding for an undisclosed amount. TADA is...

FDI into Cambodia’s real estate sector increased

The NBC (National Bank of Cambodia) Annual Banking Supervision Report 2019 was released this week and the FDI (foreign direct investment) into the real...

Online money transfers to Cambodia 

For many professionals in Cambodia, who want to receive payments from international payment services, for their work as freelancers, digital nomads, teaching online and...

Cambodian rubber exports rise in Q1 2020

A report from the Cambodian Ministry of Agriculture, Forestry and Fisheries shows that  Cambodia’s rubber export increased 10% in the first quarter of 2020...

How are Cambodian businesses affected by COVID-19?

COVID-19 has had an adverse effect on the entire globe, and in Cambodia, key industries have also taken a financial hit. A number of...

SME Bank of Cambodia: SME Co-Financing Scheme

The SME Bank of Cambodia was officially launched by the Ministry of Economy and Finance on Friday 3rd April 2020. Small and medium enterprises...

SBI Ly Hour Bank Plc. obtains commercial bank license from NBC

Japanese financial firm SBI Holdings Inc. has partnered with Ly Hour Microfinance Institution Public Co. to create SBI Ly Hour Bank Plc after it...

Digital Payment Options in Cambodia

There is an increasingly growing number of digital mobile payment companies in Cambodia, which are also increasing their versatility and means of cashless payments...

Cambodian Tax Rates 2020

The Cambodian Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia in 2020. According to a...

Cambodia Annual and Monthly Tax Filing 2020

The Cambodian General Department of Taxation (GDT) has issued Instruction 7705 on March 19th 2020, which allows for Cambodian taxpayers to use the e-tax...

Food Delivery Apps in Cambodia

Cambodia has seen an explosion of new food delivery, grocery delivery apps and websites enter the market since 2018. We look at the best...

Cambodia Home & Lifestyle Expo 2020

The Realestate.com.kh Home & Lifestyle Expo 2020 has been moved to August 7-8 2020, due to the outbreak of COVID-19, and will still be...

Cambodia’s cost of living 2020

A new report from the publication CEO World suggests Cambodia has become more expensive to live in, with the country now sitting at 59th...

SME Bank to launch in Cambodia

According to reports in the local Cambodian media, SME Bank will launch in 2020 with an initial capital of $100 million and provide financing...

Dhipaya Insurance looks to enter Cambodian market

Thailand based, Dhipaya Insurance, is looking at potentially entering the Cambodian market via a joint venture firm, to operate life and non-life insurance, in...

WB Finance Co., Ltd. Formed After Merger

Woori Bank has merged its Cambodian businesses, WB Finance Co., Ltd. with Woori Finance (Cambodia) Plc. it was announced this week. WB Finance Co., Ltd. The...

National Bank of Cambodia to launch Bakong digital currency in 2020

The National Bank of Cambodia (NBC) will launch a new digital currency under the moniker Project Bakong in 2020. Bakong has been labelled “a...

Cashless Society Closer But Hard Money Will Remain In Widespread Use,...

More than 50 payment companies are offering cashless services to customers, a rise from between five to 10 payment companies in the past two...

Cambodia, Thailand Sign Agreement On Cross-border Listings

Cambodia and Thailand on Tuesday signed a memorandum of understanding on cross-border equity offerings and depositary receipts, paving the way for Thai companies to...

Ministry Urges SMEs To Join CSX

The government has called on local small and medium-sized enterprises (SMEs) to list on the stock exchange as a way of enhancing access to...

Bank association, Visa to implement EMV standards

To strengthen security in digital transactions, the Association of Banks in Cambodia (ABC) and Visa yesterday signed an agreement enabling the use of the...

Banking, Microfinance Sectors Maintain Strong Growth

Loan and deposit growth in the Kingdom’s crowded financial sector remained high during the first half of the year, a result of sound macroeconomic...

GDP to grow at 7.1 pct in 2019

The Cambodian Central Bank said economic growth remains robust so far this year and forecast that gross domestic product will expand by 7.1 percent...

NBC Tests New Mobile Payment App

The National Bank of Cambodia yesterday announced that is testing a mobile payment application system known as Bakong. According to the Central Bank, the new...

Korea, Cambodia Central Banks To Study Interbank Market

The National Bank of Cambodia and the Bank of Korea yesterday agreed to cooperate in a study on the development of the interbank market...

Cashless Payments Booming – Visa Report

Visa Inc, a global leader in digital payments, says Cambodia will see a dramatic increase in cashless transactions in the next seven years. In its...

RDB Says Loans To Be Repaid In Time

The Rural Development Bank (RDB) said all loans disbursed under the emergency fund since last October will be repaid in time because the last...

Local Banks Allowed To Use Yuan In Digital Settlements

The Bank of China and the Cambodian Ministry of Tourism on Friday signed a memorandum of understanding that allows certain banks in the Kingdom...

More Than $120 Million Raised At CSX

Since its creation in 2012, listed companies have raised more than $120 million at the Cambodia Securities Exchange (CSX), making the local bourse a...

RDB Gives $170m In Loans Amid Weak Commercial Lending

The Rural Development Bank disbursed more than $170 million in loans to the agriculture industry last year, with nearly 70 percent of the money...

Central Bank Says Inflation Manageable

The Central Bank forecasts the inflation rate will grow by 2.6 percent this year, describing the increase in the general price level of goods...

SME Bank To Come Online This Year

The SME Bank, a government initiative to enhance access to funding for local small and medium-sized enterprises, will come online late this year, a...

National Bank Projects 7 Pct Economic Growth In 2019

In 2019 the Kingdom’s economy will grow at a rate of 7 percent, according to the nation’s Central Bank, who noted in its latest...

Bankers Agree: 2018 A Great Year For Local Financial Sector

Despite uncertainty caused by the July general elections, 2018 was an excellent year in terms of business performance for a number of key players...

Chinese Investment In Cambodia To Diversify Into SME Finance

Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small...

Central Bank Explains Its Yuan Promotion Policy

A representative of the National Bank of Cambodia yesterday clarified the Central Bank’s policy toward the Chinese yuan, saying that its use is only...

Government Bonds To Enter Market By 2022

The government on Friday reiterated its intention of issuing sovereign bonds, and said they will become available to investors in the next four to...

Banks, Insurance Companies Must List In Stock Exchange

Securities industry insiders urged the National Bank of Cambodia (NBC) and Securities and Exchange Commission of Cambodia (SECC) to push for more banks and...
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