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National Bank of Cambodia

Cambodia’s Bakong blockchain payments record 3x spike in GDP

Wahid Pessarlay

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25 March, 2025

Cambodia’s Bakong blockchain payments record 3x spike in GDP

Launched in 2019, the blockchain payment system has gained steady traction in Cambodia’s financial system, making up 330% of the...

Cambodia advances blockchain framework; Guangzhou boosts CBDC adoption

Steve Kaaru

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22 January, 2025

Cambodia advances blockchain framework; Guangzhou boosts CBDC adoption

Elsewhere, the city of Guangzhou in China has launched a new drive to expand digital yuan payments, including in public...

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

Wahid Pessarlay

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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

Wahid Pessarlay

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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

Wahid Pessarlay

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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

Wahid Pessarlay

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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...

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