Tagged: cambodia

Monetary Authority of Singapore and National Bank of Cambodia Announce Financial Transparency Corridor Initiative

Singapore at Night Marina Bay

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) announced the start of the Financial Transparency Corridor (FTC) initiative between Singapore and Cambodia. The FTC commemoration event was “held at Istana, Singapore, and was presided over by Lawrence WONG, Prime Minister… Read More

Mbanq, IG Tech Cambodia Launch IG Finlink Cambodia

Mbanq has announced a strategic partnership with IG Tech Cambodia, a Fintech developer in Southeast Asia, to create IG Finlink Cambodia, with Mbanq holding a majority ownership stake. The alliance signifies Mbanq’s ambitious expansion into the ASEAN banking technology and Banking-as-a-Service (BaaS) markets. Initially focusing… Read More

Cambodia Unveils Comprehensive Policy on Crowdfunding, P2P Lending

Cambodia has recently taken a significant step forward in the financial technology sector with the unveiling of the Fintech Policy directive for 2023-2028. This strategic move is poised to attract Foreign Direct Investment (FDI), propelling the nation into the forefront of the rapidly evolving fintech… Read More

European Fintech Inpay Teams Up with Cambodia’s CPBank to Introduce International Money Transfer Services

Inpay, which claims to be one of Europe’s fastest-growing fintech companies, and Cambodia Post Bank Plc. (CPBank), one of Cambodia’s commercial banks, have “entered into a partnership to introduce international money transfer services in Cambodia.” Through the partnership, CPBank’s customers in Cambodia and abroad “will… Read More

Monetary Authority of Singapore, National Bank of Cambodia Establish Financial Transparency Corridor to Support SMEs

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have signed a Memorandum of Understanding (MoU) in order “to collaborate on a Financial Transparency Corridor (FTC) initiative.” The initiative aims “to establish supporting digital infrastructures to facilitate trade and cross-border related… Read More

Sathapana Bank Signs Agreement with Singapore’s Fintech finbots.ai to Enhance Credit Risk Management

Accel-backed finbots.ai, a Singapore headquartered B2B SaaS FinTech announced signing Sathapana Bank—Cambodia’s commercial bank—as their latest client. With this, finbots.ai’s client case “has extended to 9 countries across APAC and MEA markets.” Sathapana Bank claims it is “one of the leading commercial banks in Cambodia… Read More

Ria Money Transfer, ACLEDA Bank to Expand Remittance Services in Cambodia

Ria Money Transfer, a firm focused on the cross-border money transfer industry and business segment of Euronet (NASDAQ: EEFT), and ACLEDA Bank Plc., Cambodia’s leading retail bank, announced a partnership that “broadens cross-border money transfer services available to and from Cambodia.” This expansion of Ria’s… Read More

Cambodia: ABA Bank Introduces Instant Card issuance Kiosks, Supported by Compass Plus Technologies

ABA Bank, which claims to be Cambodia’s leading financial institution, has become the first bank in the country “to launch instant card issuance kiosks using Compass Plus Technologies solutions.” This new service “enables the issuance of international debit cards (Visa, Mastercard, and UnionPay) and local… Read More

Binance, Royal Group to Expand Blockchain Ecosystem in Cambodia

Binance, which claims to be the world’s “leading” blockchain ecosystem and cryptocurrency infrastructure provider, entered into a joint venture (JV) agreement with Royal Group of Companies, Cambodia’s strategic investment holding company, “to solidify the relationship between the two parties and to expand blockchain ecosystem in… Read More

Binance Holds “Capacity-Building” Workshop with Securities and Exchange Regulator of Cambodia

On August 17, 2022, Binance and the Securities and Exchange Regulator of Cambodia (SERC) held a workshop designed “to deepen SERC officials’ understanding of the digital asset space.” Binance has once again “reaffirmed its commitment to establishing productive collaborations with SERC and sharing its vast… Read More

ACLEDA Bank Cambodia Selects FSS Technologies Singapore’s Multi-Product Solution

FSS Technologies Singapore Pte Ltd., a provider of banking and payment tech solutions, announced a partnership with ACLEDA Bank, Cambodia’s largest commercial bank, in a multi-product deal “to consolidate and digitally transform its nation-wide merchant operations and automate its terminal monitoring, reconciliation and settlement processes.”… Read More

Vattanac Bank, EMQ Unite to Deliver RT Cross-Border Payments to Asia

Cambodia’s Vattanac Bank this week announced a partnership with global payments network EMQ, to facilitate real-time cross-border payments across Asia. By integrating with EMQ’s API-enabled payments platform, Vattanac Bank said it can further expand to new geographies and provide their customers with multi-currency payout to… Read More

PPCBank in Cambodia Uses BPC Banking Tech

London-based BPC banking technology is reporting that PPCBank in Cambodia has is now using its SmartVista platform. SmartVista is being utilized to centralize their payment switching activity, manage and monitor their ATM and POS networks. The bank says that it is responding to the country’s… Read More

Global Payments Fintech Thunes Partners ABA Bank to Help Cambodians Send Money Back Home

Thunes, a global payments network, has teamed up with ABA Bank so that they can enable Cambodians overseas to send funds back home “quicker and cheaper from around the world.” As noted in a release shared with CI: “Previously, customers making international money transfers to… Read More

Cambodian Fintech Clik, a Payment Aggregation Service, Acquires $3.7 Million in Seed Funding

Clik, a Cambodia-based Fintech firm, has reportedly acquired $3.7 million in seed funding. The company has also hired new staff members. Clik’s management noted that the funds raised would be used to expand its business operations, including its product engineering and customer service teams, in… Read More

Singapore Fintech Fincy Receives $11 Million Investment from GBCI Ventures, a Private Equity Firm

Singapore-based GBCI Ventures, a venture capital and private equity firm, has made a strategic $11 million investment in Fintech startup Fincy. The company is also in the process of finalizing external funding. The Fincy team describes their platform as a multi-purpose solution providing digital and… Read More

Digital Banking, Online Payments, and Software as a Service for Financial Institutions are the Fastest Growing Fintech Sectors in Cambodia

Cambodia’s Fintech sector is still not as mature and developed as its ASEAN neighbors which include major economies such as Singapore, Malaysia, and Indonesia (among others). However, Cambodia’s Fintech economy has been growing steadily, mainly due to the increased adoption of digital payments and the… Read More

Nium Adds Cambodias PhillipBank as Cross Border Payment Partner

Nium, previously operating as InstaReM, has enlisted another partner. Today, Nium has announced an agreement with PhillipBank in Cambodia to provide digital cross border payments for enterprises and financial institutions. Prajit Nanu, co-founder and CEO of Nium said they are delighted to be working together… Read More

Cambodia Establishes New Fintech Association

The Cambodia Fintech Association (CFA) announced its official launch on Wednesday. The organization revealed it is focused on the country’s fintech community, which are fintech startups, accelerators and VCs. According to its website, the CFA is on a mission to become the national, not-for-profit organization… Read More

CrowdRise Launches New Installment of the 24-Hour Impact Project

On Monday, CrowdRise launched the latest installment of its 24-Hour Impact Project by sending 22-year-old, Malu Veltze, to Cambodia to raise $20,000 in 24-hours to help students get eye care at a school serving 12 villages in Koh Bei Riel near Siem Reap, Cambodia.  Once the money is raised, Malu… Read More