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NBC rolls out third-phase debt relief measures

The National Bank of Cambodia (NBC) has rolled out a third phase of debt relief measures aimed at giving financial institutions (FI) an extra boost, enabling them to inject more loans to spur economic activity as the Kingdom struggles to rein in the February 20 community outbreak of the novel coronavirus. ....

Acleda Bank Plc , National Bank , Prasac Microfinance Institution Ltd , Ministry Of Health On , Royal Government , Bank Plc , Microfinance Institution Ltd , Say Sony , தேசிய வங்கி , அமைச்சகம் ஆஃப் ஆரோக்கியம் ஆன் , அரச அரசு , வங்கி ப்ல் , நுண்நிதி நிறுவனம் லிமிடெட் , சொல் சோனி ,

NBC: Fintech fuels 2020 boom in Kingdom's payment systems


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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. ....

National Bank , Prasac Microfinance Institution Ltd , Cambodian Shared Switch , Retail Pay , Electronic Clearing System , Bakong System , Fast Payment , Microfinance Institution Ltd , Say Sony , Prasac Mobile , தேசிய வங்கி , சில்லறை செலுத்த , மின்னணு அழித்தல் அமைப்பு , வேகமாக கட்டணம் , நுண்நிதி நிறுவனம் லிமிடெட் , சொல் சோனி ,

ABC, CMA set out six debt relief measures


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Wed, 7 April 2021
The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) on April 7 ordered members to adopt six measures of financial relief in light of the economic fallout and depressed incomes caused by the February 20 community transmission of Covid-19.
The non-legally binding command came a day after a coalition of 103 civil society organisations (CSOs) reiterated a call for the government to issue a set of guidelines for all financial institutions in Cambodia to suspend loan payments, set interest rates to zero per cent and waive accrued interest for at least three months to help borrowers cope during the latest Covid-19 pandemic surge. ....

National Bank , Cambodia Microfinance Association , Prasac Microfinance Institution Ltd , Association Of Banks , Microfinance Institution Ltd , Say Sony , தேசிய வங்கி , கம்போடியா நுண்நிதி சங்கம் , சங்கம் ஆஃப் வங்கிகள் , நுண்நிதி நிறுவனம் லிமிடெட் , சொல் சோனி ,