In a new report, the National Bank of Cambodia (NBC) said that the country has witnessed a significant increase in mobile payments as more people have transitioned from cash-based to digital options.
“The trend of using payment services has been remarkedly increasing as customers behaviours shifted from cash-based towards digital payments,” the NBC’s banking supervision report 2022 said.
“The number of registered e-wallet accounts increased to $19.5 million and the total number of transactions jumped from 708 million to 1 billion with a total amount of $272.8 billion, increased by 34 per cent, approximately nine times the gross domestic product (GDP),” the report said.
Read More : Cambodia Experiences Significant Growth in Digital Payment Usage