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A user pays for her in-store purchase through a mobile payment app. The Covid-19 pandemic has helped accelerate the adoption of digital payments in Cambodia. Photo supplied
NBC: Fintech fuels 2020 boom in Kingdom s payment systems
Wed, 12 May 2021
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 report on the payment system.
The central bank reported on May 11 that payment systems have offered substantial support for economic development by providing an efficient and secure financial infrastructure to facilitate transactions, as well as payments for trade in goods and services, and on financial markets.
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