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Bakong

Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations
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24 August, 2024

Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations

The National Bank of Cambodia confirmed a commitment to setting up QR locations nationwide to streamline payments using the Bakong...
Cambodia’s central bank uses CBDC to stifle dollarization of local economy
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13 August, 2024

Cambodia’s central bank uses CBDC to stifle dollarization of local economy

Riel payments via Bakong are up by over 50% since the launch of the offering, encouraged by several government initiatives...
Bakong’s adoption rate surges as Cambodia strikes more partnership deals
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30 December, 2023

Bakong’s adoption rate surges as Cambodia strikes more partnership deals

Cambodia's Bakong hits an estimated 60% adoption rate as the National Bank of Cambodia expands its collaboration with global financial...
Cambodia’s Bakong goes cross-border with Alipay integration
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25 November, 2023

Cambodia’s Bakong goes cross-border with Alipay integration

Cambodia’s blockchain-based CBDC has partnered with Alipay for cross-border transactions, enhancing trade ties with China and enabling global access for...
Cambodia rolls out unified QR code support for Bakong payment system
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13 July, 2022

Cambodia rolls out unified QR code support for Bakong payment system

The feature allows merchants to accept mobile payments from any payment service provider using a QR code supported by the...
Cambodia heads digital in bid to shake US dollar reliance
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13 August, 2021

Cambodia heads digital in bid to shake US dollar reliance

Cambodia is only the second country anywhere in the world to have launched a central bank digital currency, with its...
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