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NBC: Concerted efforts warranted to minimise risk of economic shocks

NBC: Concerted efforts warranted to minimise risk of economic shocks
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Bakong links eyed in Africa, LatAm

The National Bank of Cambodia (NBC) is looking into expanding its Bakong blockchain-based payment system’s operations to countries in Asia, Africa, Latin America and Europe to boost tourism, investment, trade and inbound remittances from overseas Cambodian workers as well as to encourage the use of the local currency.

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E-wallet payments nine times GDP: NBC

E-payment trends in Cambodia have significantly consolidated in recent years as more and more people transition from cash-based to digital transaction options, the National Bank of Cambodia (NBC) reaffirmed in a recent report.

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Credit guarantee SOE, top trade body in MSME tie-up

State-owned Credit Guarantee Corporation of Cambodia Plc (CGCC) and Cambodia Chamber of Commerce (CCC) are joining forces to foster better access to guaranteed loans for the development of the Kingdom’s micro-, small- and medium-sized enterprises (MSME), and to provide support to these smaller businesses, “mainly CCC members”, according to a statement.

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Be mindful of informal financing, NBC warns

The National Bank of Cambodia (NBC) and National Police on February 2 issued a joint statement warning of the risks associated with informal financial services, which it said could put borrowers in excessive debt or otherwise upend their lives.

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