Bakong Archives

Bakong

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

Business

Wahid Pessarlay

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

Business

Wahid Pessarlay

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

Business

Wahid Pessarlay

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

Business

Wahid Pessarlay

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

Business

Ed Drake

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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Steve Kaaru

21 Nov 2024

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