The Ministry of Economy and Finance (MEF) and Credit Guarantee Corporation of Cambodia Plc (CGCC) are encouraging banks and microfinance institutions (MFI) to use credit guarantee mechanisms to boost financial inclusion and help expand small- and medium-sized enterprises (SME) by issuing loans to businesses that lack collateral.
The agriculture ministry has encouraged taxpayers who are obliged to pay non-tax revenue to do so by e-payment, as industry experts continue to highlight the benefits of such technology and relative lack of adoption in Cambodia.
Both companies have birthed PTT Direct Debit Services, letting customers settle their payments by transferring money from their Canadia accounts to their PTT’s accounts. | PetrolPlaza
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Canadia Bank was bestowed the “Strongest Bank by Balance Sheet in Cambodia, 2021” award for the third consecutive year by The Asian Banker at a virtual ceremony on Thursday.