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(From left to right) KOICA Cambodia country director Rho Hyun-jun, South Korean ambassador to Cambodia Park Heung-kyeong, NBC deputy governor Neav Chanthana and NBC technical director-general Chea Serey. KOICA CAMBODIA OFFICE
Central bank rolls out Retail Pay system
Tue, 26 January 2021
The National Bank of Cambodia (NBC) on January 26 officially launched the Retail Pay system, a government effort to reduce cash consumption and boost the use of electronic payments in the economy.
Presiding over the launch, NBC deputy governor Neav Chanthana said Retail Pay is a crucial component of Cambodian financial infrastructure, noting that the system was developed with the support of the Korea International Cooperation Agency (KOICA).