“While much of the regional attention remains focused on larger ASEAN markets such as Indonesia, Thailand, and Singapore, Cambodia has quietly built one of the region’s most comprehensive digital payment ecosystems, driven by widespread smartphone adoption, low-cost internet access, and strong support from the National Bank of Cambodia (NBC).”
“Unlike many developed economies that transitioned gradually from desktop computers to laptops and eventually smartphones, Cambodia largely bypassed traditional fixed-line internet infrastructure.”
“During 2025, Bakong processed approximately 1.33 billion transactions across Khmer riel and US dollar accounts, representing transaction values exceeding KHR 285.9 trillion and US$152.8 billion.”
“Mobile banking channels recorded more than 1.57 billion transactions, with combined transaction values surpassing US$226 billion and KHR 138 trillion.”
“Internet banking platforms facilitated more than 20 million transactions with combined values exceeding US$33 billion.”
“KHQR remained one of the dominant payment channels, processing approximately 1.48 billion transactions worth KHR 422.48 trillion, equivalent to roughly US$105.6 billion.”