The National Bank of Cambodia (NBC) on Wednesday announced the soft launch of its Retail Pay System which aims to boost interbank market activity and inclusion in the Kingdom.
The Asian Development Bank (ADB) has approved a $40 million policy-based loan to support poor and rural households and improve their financial access, it said.
The private sector and government institutions met on Thursday in Phnom Penh to discuss the digital transformation in the Kingdom’s financial industry.
Cambodia's adoption of financial technology (fintech) has been showing rapid growth recently, despite the current low rate, Mekong Strategic Partners Co Ltd (MSP) said on Wednesday.
MasterCard has announced a global effort to pay garment factory workers digitally – including in Cambodia – and ensure that they receive their hard-earned wages securely and consistently.
The National Bank of Cambodia (NBC) continues to call on financial institutions in the Kingdom to put policies in place to promote green finance and friendly investments, it said on Thursday.
The International Finance Corporation (IFC), a member of the World Bank Group, has said Cambodian women entrepreneurs continued to struggle with limited access to financial loans for business expansions.
The National Bank of Cambodia (NBC) urged financial institutions across the Kingdom to increase the share of local currency in their loan portfolios to at least 10 per cent by the end of this year.
Cambodia's 2020 tax revenues are expected to continue to grow, while transparency is also set to improve as tax officials become more aware of anti-corruption laws, according to the director general of the General Department of Taxation (GDT) on Monday.