Asia-Pacific Development Bank, China UnionPay Data and HSG successfully kick off project to popularize digital banking in Cambodia Today, Asia-Pacific Development Bank Plc. (APD Bank), together with its long-term partner China UnionPay Data Services Co., Ltd (CUPD), announce that they have deci...
However, Ellen Goldstein, the World Bank country director for Cambodia, said Internet banking and digital payments are still new in Cambodia, as only one percent of the population used a mobile phone or the Internet to access a financial institution account in 2016. She said only one out of ...
The transition from old-school branch network model – which Han terms Banking 1.0 – to today’s digital-centric structure has been swift. By the end of 2022, the bank’s mobile financial services platform boasted more than seven million regular registered users...
Cambodia's Bakong digital currency system has a tie up with Alipay+ enabling Chinese visitors to use Alipay in Cambodia, and vice versa
There are only three digital banks in Vietnam and none in Cambodia and Laos, representing a greenfield opportunity compared with many other ASEAN markets. Hong Kong was also an early mover in digital banking compared with Southeast Asia, giving Hong Kong players a head start, when launching digi...
Financial institutions from Singapore have introduced innovative banking solutions, improving financial inclusion and accessibility for Cambodian businesses and individuals. Technology and Innovation: Collaboration between Singapore and Cambodia in the technology sector has led to the introduction of advanced ...
in transactions, exceeding $10 billion in value. This growth underscores ABA Bank's commitment to delivering tailored banking solutions for businesses of all sizes in Cambodia, reflecting the trust...
In Cambodia, we succeeded. Enter the experiment that was Development Innovations back in 2013. READ MORE Sustainability in Action: Technovation Cambodia 10 years on By Sotheavy At and Inta Plostins Tags: Digital Inclusion • Innovation • Cambodia • Digital Gender Divide • Digital Skills ...
that individuals and companies can use as digital cash—are located in Cambodia, China and South Korea, according toPwC’s first-ever CBDC Global Index. China especially is a standout; its People’s Bank of China (PBoC) became the first major central bank to launch a retail CBDC in April...
Resulting from the survey and our analysis of the initiators of core connectivity (being mainly the stage of economic development), we conclude that it is highly likely that digital financial inclusion in countries like Cambodia and Myanmar will be driven by mobile network operators, who would ...