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Category: Money

Explore opportunities to boost your income in Cambodia with Angkor Times. From insightful blogs on starting a business, investing, and making money online, to updates on the latest trends in startups and SMEs in Cambodia, this category offers practical tips and strategies to help you succeed in the Cambodian market. Stay informed and take your financial journey to the next level.

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SOVANN
SOVANNExperienced
Asked: August 11, 2021In: Money

What are the best email marketing tools in Cambodia?

What are the best email marketing tools in Cambodia? Email marketing is the act of sending a commercial message, typically to a group of people, using email. In its broadest sense, every email sent to a potential or current customer could be ...Read more

What are the best email marketing tools in Cambodia?

Email marketing is the act of sending a commercial message, typically to a group of people, using email. In its broadest sense, every email sent to a potential or current customer could be considered email marketing. It involves using email to send advertisements, request business, or solicit sales or donations.

Full article is coming soon!

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Angkor TimesExperienced
Asked: March 10, 2025In: Money, Tech

How Many Financial Institutions Operate the Bakong System in Cambodia?

Cambodia has rapidly embraced digital transformation, particularly in its financial sector. One of the most significant milestones in this journey is the introduction of the Bakong System, an advanced payment platform developed by the National Bank of Cambodia (NBC). ...Read more

Cambodia has rapidly embraced digital transformation, particularly in its financial sector. One of the most significant milestones in this journey is the introduction of the Bakong System, an advanced payment platform developed by the National Bank of Cambodia (NBC). Launched in October 2020, Bakong is a blockchain-based interbank payment system that facilitates seamless transactions between different financial institutions, promoting financial inclusion and efficiency.

How Many Financial Institutions Operate the Bakong System in Cambodia?
How Many Financial Institutions Operate the Bakong System in Cambodia? Photo by AI

Unlike traditional banking methods, Bakong integrates banks, microfinance institutions (MFIs), and payment service providers (PSPs) into a single digital platform. It enables users to make real-time transactions, regardless of the financial institution they are registered with. The system is compatible with KHQR Code payments, allowing merchants and consumers to process digital transactions effortlessly across multiple providers.

One of the key objectives of Bakong is to bridge the financial gap by offering secure and accessible digital payment options to both urban and rural populations. Cambodia has seen an impressive rise in mobile banking adoption, thanks to high smartphone penetration and improved internet access. The Bakong system, in particular, has significantly contributed to reducing reliance on cash transactions, enhancing transparency, and lowering operational costs for financial institutions and businesses alike.

Beyond domestic transactions, the system also supports cross-border payments, particularly with countries like Thailand, Laos, Vietnam, Malaysia, and India, fostering stronger regional financial integration. Given the increasing popularity of cashless payments, Bakong is expected to play an even more pivotal role in Cambodia’s digital financial landscape in the years to come.

How Many Financial Institutions Operate the Bakong System in Cambodia?

According to the 2024 annual report from the National Bank of Cambodia, as of 2024, a total of 69 financial institutions were part of the Bakong system. Out of these, 60 institutions had already officially launched their services, while 9 others were in the process of implementing the system.

The adoption rate of Bakong has been steadily increasing, reflecting a growing trust in digital financial transactions. The same report highlights that in 2024, the number of registered users of the Bakong system reached 642.5 thousand accounts, marking a 7% increase compared to 2023.

Additionally, banking institutions and payment service providers have expanded their services under Bakong. The number of customers with bank accounts or e-wallets who can transact via the Bakong system (also referred to as “Customer Reached”) is now estimated at 30 million accounts—approximately 1.69 times the total population of Cambodia.

Growth of KHQR Code Payments in Cambodia

Another important feature of the Bakong system is its KHQR Code payment function, which simplifies digital transactions. As of the end of 2024, financial institutions had successfully registered 4.5 million merchants to accept payments via KHQR Code, representing a 36.4% increase from the previous year. This surge highlights the rising preference for digital payment solutions among Cambodian businesses and consumers.

The Impact of the Bakong System on Cambodia’s Economy

The widespread adoption of the Bakong system has had numerous positive impacts on both the Cambodian public and the government. Dr. Hong Vannak, an economic analyst at the Royal Academy of Cambodia, has emphasized the growing popularity of digital payments among various demographics, especially in urban areas with reliable internet access.

Benefits for Consumers:

  1. Convenience – Users can make payments without carrying cash, reducing risks associated with theft or loss.
  2. Speed – Transactions are completed instantly, improving efficiency.
  3. Security – Eliminates concerns over counterfeit money.
  4. Health Safety – Reduces the risk of disease transmission through cash handling.

Benefits for the Government:

  1. Lower Operational Costs – Reduces the need for printing physical banknotes.
  2. Enhanced Financial Transparency – Facilitates better monitoring of money flows.
  3. Support for Financial Inclusion – Encourages more people, including those in rural areas, to engage in formal financial activities.

Conclusion

The Bakong System has revolutionized Cambodia’s digital payment landscape, fostering financial inclusion and economic efficiency. With 69 financial institutions participating, and over 30 million potential users, the platform continues to grow as a key driver of Cambodia’s cashless economy. Its KHQR Code feature further enhances accessibility and ease of transactions, making digital payments a mainstream option.

As Cambodia continues to integrate innovative financial technologies, the Bakong system is expected to play a central role in shaping the country’s economic future, reinforcing digital payments as an essential component of everyday transactions.

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Angkor Times
Angkor TimesExperienced
Asked: April 30, 2026In: Money

Cambodia Eyes Its Own Satellites Within Five Years: Why Is Cambodia Planning to Launch Satellites?

Cambodia is beginning to look beyond simply using satellite services from international companies and is now considering the possibility of launching its own satellites within the next five years. The announcement reflects the country’s growing ambition to strengthen its ...Read more

Cambodia is beginning to look beyond simply using satellite services from international companies and is now considering the possibility of launching its own satellites within the next five years. The announcement reflects the country’s growing ambition to strengthen its digital infrastructure and develop local expertise in satellite and space technology to support national development.

Cambodia Eyes Its Own Satellites Within Five Years

Cambodia Expands Its Vision for Space Technology

Speaking at the closing ceremony of a workshop on “Techniques for monitoring and collecting data through satellites and satellite technology” on April 23, 2026, Minister of Posts and Telecommunications His Excellency Chea Vandet said Cambodia is actively exploring how satellite technology can support important sectors such as agriculture, environmental management, land administration, and urban planning.

While Cambodia is currently studying the use of satellite services from international providers, the minister stressed that the country should also think long term by considering the launch of its own satellites within the next five years. The move would mark a major step forward in Cambodia’s digital and technological development strategy.

Government Prioritizes Satellite Skills and Human Resources

The Ministry of Posts and Telecommunications has been placing strong focus on developing human resources in satellite and space related fields. According to the minister, expert officers have already been sent on study visits to satellite technology companies and training institutions abroad to strengthen their technical knowledge and practical experience.

The ministry is also encouraging more advanced education opportunities in the sector. In the future, Cambodia may introduce scholarships for students studying telecommunications and satellite related subjects at the Academy of Digital Technology and partner universities. This initiative is expected to help build a new generation of Cambodian specialists capable of supporting the country’s long term ambitions in space technology.

Cambodia Studies National Space Management Unit

Alongside discussions about launching satellites, the ministry is also studying the feasibility of establishing a national space management unit. The proposed body would coordinate and manage Cambodia’s space related activities while supporting cooperation between ministries, institutions, researchers, and international partners.

The plan highlights Cambodia’s increasing interest in becoming more involved in the global space and satellite sector. Officials believe satellite technology can provide valuable data and services that improve decision making across many industries and public services.

Workshop Highlights Modern Satellite Applications

The workshop brought together civil servants, ministry officials, professors, students, and experts to exchange knowledge on modern satellite systems and space technology. Experts from Pixxel Space Technologies Inc. shared insights on the current status of Cambodia’s space sector, Earth Observation systems, Remote Sensing Satellite technologies, and hyperspectral satellite image analysis.

Participants also learned how satellite data can be used for monitoring natural resources, environmental changes, land use, and urban development. The discussions demonstrated the growing importance of satellite technology in addressing real world challenges and supporting sustainable development.

Conclusion

Cambodia’s interest in launching its own satellites signals a bold shift toward advanced technology and digital innovation. Although the plan is still under consideration, the government’s investment in human resources, education, and space related institutions shows that the country is preparing for a more active role in the satellite and space industry. If successful, Cambodia’s future satellite ambitions could strengthen national development, improve data driven planning, and open new opportunities in science and technology.

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Angkor TimesExperienced
Asked: May 7, 2026In: Money

Cambodia moves to end drink reward promotions: Why is Cambodia banning beer rewards?

Cambodia is preparing for a major shift in the beverage industry as the government moves to ban prize promotions attached to beer and energy drink packaging. Starting October 1, 2026, companies will no longer be allowed to offer rewards ...Read more

Cambodia is preparing for a major shift in the beverage industry as the government moves to ban prize promotions attached to beer and energy drink packaging. Starting October 1, 2026, companies will no longer be allowed to offer rewards through bottle caps, ring pulls, or similar packaging campaigns. The decision marks a new phase in the country’s effort to promote fair competition, responsible business practices, and public health.

For years, prize campaigns have been a common marketing strategy in Cambodia’s beverage market, helping brands attract customers with cash prizes, gifts, and giveaways. But officials now believe the industry has matured enough to compete on product quality and transparency rather than reward based promotions.

Why the government is banning reward campaigns?

According to the government announcement shared on the Prime Minister’s Facebook page on May 4, the nationwide ban will apply to both alcoholic and non alcoholic beverages, including energy drinks. Companies will also be prohibited from placing new production orders, importing, or manufacturing drinks linked to prize promotions after the regulation takes effect.

Penn Sovicheat, Secretary of State and spokesperson for the Ministry of Commerce, explained that the industry has already reached a strong growth stage and no longer depends on aggressive promotional tactics to build market recognition.

“In the context of this growth, the government has a clear policy to balance development with the protection of consumer well-being and safety. Meanwhile, we must also pay attention to conducting business with integrity and transparency,” he said.

Officials say the move is aimed at encouraging healthier market competition while reducing practices that could negatively influence consumers over the long term.

Shifting competition toward quality and transparency

Sovicheat noted that reward promotions are designed to attract customers, but warned that relying heavily on such tactics can create unhealthy competition in the industry, especially for multinational companies that choose not to use these methods.

“I’m not saying this kind of marketing is illegal, it’s just a practice that could have negative consequences if used long-term,” he noted.

He added that the government wants businesses to compete through product standards, innovation, and transparency instead of marketing strategies that may encourage excessive consumption.

“So, the government needs to balance industrial growth, the responsibility to protect consumer well-being and safety, and the security and transparency of business operations to ensure all industries and businesses can grow transparently and with fair competition, what we call ‘fair play’.”

The Ministry of Commerce also confirmed that companies ignoring the new rules could face fines and legal action once the ban officially takes effect.

Health experts support the decision

Public health experts have largely welcomed the government’s move. Dr. Mengly J Quach described the decision as an important step for Cambodia, even though he believes it should have happened much earlier.

“I welcome the Royal Government’s decision, although it should have happened a long time ago. Regardless, it is a positive step for our country. Offering prizes with alcohol is very rare globally and sets a bad example for our citizens by encouraging drinking.”

He warned that reward promotions can encourage higher alcohol consumption, which may lead to serious health risks. Mengly also suggested the government consider stronger measures in the future, including restricting alcohol advertising and preventing minors from purchasing alcoholic beverages.

Authorities say public safety matters

The Ministry of Information also backed the policy, saying the regulation could help reduce social and health related harm linked to excessive alcohol consumption.

Tep Asnarith, spokesperson for the ministry, said, “Market competition should focus on quality, safety and social well-being rather than competing for market share through methods that pose risks to users and society, including health hazards and traffic risks.”

Authorities confirmed that several ministries are already coordinating to monitor advertising practices and ensure companies comply with the new rules.

Beverage companies pledge compliance

Major beverage producers operating in Cambodia have publicly pledged to follow the government directive.

HEINEKEN Cambodia described the regulation as a positive step toward building a fairer and more responsible market environment while supporting public health goals.

Vattanac Brewery also voiced support, highlighting its focus on product quality and international awards as proof that strong brands can compete without prize based marketing.

Khmer Beverages stated that it will continue redeeming existing rewards already circulating in the market until supplies run out, while fully respecting the government’s transition timeline.

Cambodia’s beverage market continues to grow

The new regulation comes at a time when Cambodia’s beer and beverage sector is expanding rapidly. Rising incomes, urban lifestyles, and tourism growth continue to drive strong demand across the industry.

Industry projections estimate the beer market could grow by more than 12 percent annually between 2025 and 2031. Beverage imports are expected to reach nearly $290 million by 2026, while alcoholic drink exports could rise to $17 million.

Despite the sector’s rapid growth, the government appears determined to ensure future competition is based more on quality, responsibility, and long term sustainability.

Conclusion

Cambodia’s decision to ban drink reward promotions reflects a broader effort to modernize the beverage industry and promote fairer competition. By shifting the focus away from prize driven marketing, authorities hope companies will compete through product quality, safety, and responsible business practices. While the change may reshape how brands market themselves, officials believe it will create a healthier and more transparent market for both businesses and consumers.

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Angkor TimesExperienced
Asked: November 18, 2024In: Money

How Can Mega Concerts Boost Beverage Brands in Cambodia?

Beverage Companies’ Marketing Activation – Mega Concert in Cambodia! In today’s highly competitive market, beverage companies are constantly seeking innovative ways to enhance their brand visibility and boost sales. One powerful strategy that has gained traction in recent years ...Read more

Beverage Companies’ Marketing Activation – Mega Concert in Cambodia!

In today’s highly competitive market, beverage companies are constantly seeking innovative ways to enhance their brand visibility and boost sales. One powerful strategy that has gained traction in recent years is marketing activation, an approach that involves engaging consumers in real-time, immersive experiences that strengthen brand loyalty and drive sales.

How Can Mega Concerts Boost Beverage Brands in Cambodia?

A perfect example of this strategy in action is Ganzberg Beer, a German premium beer brand that has leveraged a mega concert combined with a Kun Khmer boxing event to activate its brand in Cambodia. In this blog post, we’ll explore how Ganzberg Beer used a mega concert to enhance its brand presence, promote Kun Khmer boxing, and engage thousands of participants. By the end, we’ll dive into why marketing activation is a great fit for beverage companies and how it can increase brand awareness and sales.

What Is Marketing Activation?

Marketing activation is a comprehensive strategy designed to engage and energize a brand’s target audience, often through unique, memorable, and sometimes unconventional experiences. The primary goal of marketing activation is to inspire immediate consumer action, whether through brand trials, purchases, or social media interactions. The essence of marketing activation lies in creating an experience that resonates with consumers, fostering positive brand associations and driving future sales.

Ganzberg Beer's Boxing Convert Stages
Ganzberg Beer’s Boxing Convert Stages

In the context of beverage companies, marketing activation can take many forms: from pop-up events and concerts to contests and experiential campaigns. However, one of the most successful forms of activation is the integration of live entertainment with the brand’s values and product offerings. Ganzberg Beer’s recent mega concert in Phnom Penh is a prime example of this, blending a passion for sports, entertainment, and a love for premium beverages into an unforgettable experience.

Why Is Marketing Activation a Good Fit for Beverage Companies?

For beverage companies, marketing activation offers several compelling benefits:

  1. Direct Consumer Engagement: By organizing live events, brands can interact directly with consumers, creating a personal connection that digital advertising can’t always achieve. At a live event, participants have the chance to engage with the brand, sample products, and form a bond that leads to long-term loyalty.
  2. Amplified Brand Awareness: Mega concerts and similar events attract large crowds and generate buzz. By tying the brand to a popular event, beverage companies can increase their exposure and visibility, reaching new customers who may not have been previously aware of the brand.
  3. Driving Sales: Beyond raising awareness, marketing activation also aims to increase sales. Whether it’s through direct sales at the event, special promotions, or incentivizing participants to buy products, live experiences can motivate immediate purchases.
  4. Social Media Buzz: Events like mega concerts can spark significant social media engagement. With attendees sharing their experiences online, brands can benefit from organic content, word-of-mouth marketing, and the potential for viral campaigns.
  5. Enhanced Brand Perception: Partnering with high-energy events such as concerts or sports competitions helps align the brand with certain values or emotions, such as excitement, prestige, or tradition. In Ganzberg Beer’s case, associating the brand with Kun Khmer and the passionate energy of boxing helps elevate its image as a premium and dynamic product.

Ganzberg Beer’s Marketing Activation: A Case Study

Ganzberg Beer’s recent marketing activation, branded as the “Reachsey Kun Khmer Ganzberg,” is a prime example of how a beverage company can successfully use a live, high-energy event to engage with its target audience. Let’s dive into the key elements of this spectacular marketing initiative.

The Purpose of Ganzberg Beer’s Marketing Activation

Ganzberg Beer’s marketing activation had a dual purpose: to promote the brand’s premium beer offerings and elevate the visibility of Kun Khmer, Cambodia’s traditional martial art. The event, which featured live Kun Khmer boxing, aimed to bring together fans of the sport while also introducing them to the premium quality of Ganzberg Beer. The unique blend of culture, sport, and beverage created a perfect storm for increased brand awareness and consumer engagement.

Ganzberg Beer Booth
Ganzberg Beer Booth

Event Overview

A 2-day (during Water Festival, 14-15 November 2024) boxing “Reachsey Kun Khmer Ganzberg” mega concert took place in Khan Kampol, Phnom Penh, attracting thousands of participants eager to watch the live Kun Khmer boxing matches. The event was designed not only as a sports competition but as a full-fledged entertainment experience, with a concert stage, massive screen projections, and plenty of opportunities to enjoy Ganzberg Beer while soaking in the action.

Program Rundown

The event kicked off with an exciting opportunity for attendees to win prizes, including a chance to win a motorcycle. The boxing tournament itself featured an 8-men competition, with the final winner being rewarded with a villa from Ganzberg Beer—a high-value prize that generated excitement and drew even more spectators.

Ganzberg Beer's Boxing Convert Entrance Gates
Ganzberg Beer’s Boxing Convert Entrance Gates

One of the main draws for the event was the participation of Thoeun Theara, a popular brand ambassador for Ganzberg Beer, who also competed in the Kun Khmer boxing tournament. Fans came out in droves, hoping to see Thoeun Theara take on international boxers in a live battle. Thoeun’s victory in the tournament and his subsequent win of the villa added to the overall excitement of the event, making it a memorable day for both participants and spectators.

Thoeun Theara, boxer
Thoeun Theara, boxer

Event Setup

The event’s setup was designed to accommodate the thousands of attendees and create an immersive atmosphere.

Ganzberg Beer Boxing Convert, Phnom Penh
Ganzberg Beer Boxing Convert, Phnom Penh

Here’s a breakdown of the setup:

  • Concert Stage: A large concert stage was set up to host performances, speeches, and live entertainment throughout the day. The stage was strategically placed near the boxing ring to ensure participants could enjoy both the sports action and the music performances simultaneously.
  • Boxing Stage: The actual Kun Khmer boxing matches were held on a separate stage in front of the concert stage. The layout ensured that all attendees could view the action up close, whether they were seated at the concert stage or standing near the boxing ring.
  • Four Large Gates: To welcome attendees, the event featured four massive gates, each shaped like a boxing ring, giving guests an immediate sense of the event’s theme and excitement.
  • Big Screen Relays: To maximize viewing pleasure, there were four large LCD relay screens set up around the venue. These screens broadcasted the live boxing matches, allowing everyone, no matter where they were seated, to watch the action unfold.
  • Live Broadcast and Social Media: The event was broadcast live on Town TV and livestreamed on its Facebook page, extending its reach far beyond the physical venue and creating additional buzz online.
  • Booths and Beer Stations: There were four Ganzberg Beer booths spread throughout the venue, where participants could purchase and enjoy fresh beer. Beer executives were on hand to deliver cold drinks straight to attendees seated at tables and chairs. With thousands of seats arranged around the event, everyone could enjoy a refreshing beer while watching the live event.
  • Food and Vendors: To complete the experience, several food vendors were on-site, selling snacks, meals, and drinks. Some vendors also catered to children, offering a family-friendly element to the event.

Audience Participation

The event attracted thousands of participants, drawn not only by the exciting Kun Khmer boxing but also by the chance to engage with a premium brand like Ganzberg Beer. As the event unfolded, attendees were excited to interact with the brand, enjoy the beer, and witness the boxing tournament live. The opportunity to participate in prize giveaways, enjoy live entertainment, and connect with a global brand in a real-time setting left a lasting impression on everyone involved.

Why Does Marketing Activation Work So Well for Beverage Companies?

Ganzberg Beer’s mega concert and Kun Khmer boxing event showcase how effectively marketing activation can work for beverage companies. Here’s why it was such a perfect fit:

  1. Brand Alignment with Cultural Values: By supporting Kun Khmer, Ganzberg Beer aligned its brand with a deeply cultural and nationalistic sport, resonating with local pride and passion. This created an emotional connection between the brand and its consumers.
  2. Immersive Experience: The large-scale event allowed participants to experience the brand in a fun, social, and high-energy environment. It wasn’t just about drinking beer—it was about sharing an experience with friends, watching live sports, and participating in a dynamic event.
  3. Engagement with Influencers: With Thoeun Theara as a prominent ambassador, the event attracted fans of both Kun Khmer and the brand ambassador, blending celebrity culture with consumer engagement. Theara’s victory created a compelling narrative that continued to fuel excitement around the brand even after the event ended.
  4. Massive Reach: Through live broadcasts and social media sharing, Ganzberg Beer was able to extend its reach far beyond the venue, creating organic buzz and gaining traction with a younger, tech-savvy audience.

The Power of Marketing Activation

Ganzberg Beer’s “Reachsey Kun Khmer Ganzberg” event is a shining example of how marketing activation can effectively engage audiences and boost brand awareness for beverage companies. By integrating live entertainment, sports, and an immersive consumer experience, Ganzberg Beer was able to connect with thousands of potential customers and solidify its position as a premium brand in Cambodia.

As the marketing landscape continues to evolve, marketing activation will remain a crucial tool for beverage companies looking to engage with consumers in meaningful ways. Whether through mega concerts, sports events, or experiential campaigns, the potential for brands to build lasting relationships with their audiences is vast.

We’d love to hear from you! What do you think of marketing activation in the beverage industry? Have you experienced an activation event like Ganzberg Beer’s mega concert? Share your thoughts in the comments below!

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