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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 TimesExperienced
Asked: August 3, 2026In: Money, Tech

Cambodia Tech Sprint Day Launches National Powered by Cambodia Campaign: Here’s What You Need to Know

Cambodia has taken another significant step toward strengthening its digital economy with the successful launch of Cambodia Tech Sprint Day, the first major event under the national Powered by Cambodia campaign. Held at Factory Phnom Penh on August ...Read more

Cambodia has taken another significant step toward strengthening its digital economy with the successful launch of Cambodia Tech Sprint Day, the first major event under the national Powered by Cambodia campaign. Held at Factory Phnom Penh on August 3, 2026, the event brought together entrepreneurs, startup founders, SME owners, investors, students, technology professionals, and innovators to build practical digital skills, showcase local technology, and strengthen collaboration across Cambodia’s growing innovation ecosystem.

Cambodia Tech Sprint Day Launches National Powered by Cambodia Campaign

The event marked the beginning of a six month nationwide initiative led by B2B Asia News with support from the Ministry of Post and Telecommunications, the Capacity Building and Research and Development Fund, and Khmer Enterprise. The campaign aims to boost confidence in Cambodian made digital solutions while connecting local innovators with businesses, investors, policymakers, and industry leaders who are shaping the country’s digital future.

Cambodia’s Digital Economy Takes Center Stage

Cambodia Tech Sprint Day opened with a series of practical workshops designed to help businesses and entrepreneurs improve their digital capabilities. Industry experts from BKD Academy, 2080 Ventures, and PharmKulen shared practical knowledge on digital literacy, business ideation, vibe coding, and the effective use of artificial intelligence tools for small businesses.

The workshops focused on real world applications that entrepreneurs and SMEs can immediately implement. Participants explored ways to improve productivity, embrace digital transformation, and adopt emerging technologies that help businesses remain competitive in an increasingly digital marketplace.

Tech Marketplace Highlights Cambodia’s Innovation Ecosystem

The afternoon shifted attention to Cambodia’s growing startup community through the Tech Marketplace exhibition. More than 20 startups, SMEs, technology companies, and entrepreneurs showcased innovative products, digital platforms, and business solutions to visitors from both the public and private sectors.

An Innovation Showcase stage also featured presentations from ten leading Cambodian technology innovators who introduced their latest digital products and services. The showcase demonstrated that local companies are developing solutions capable of serving domestic businesses while preparing to compete in regional markets.

Powered by Cambodia Promotes Local Innovation

Opening the event, Anthony Galliano, Director of B2B Asia News, highlighted the campaign’s long term vision of supporting Cambodia’s digital transformation and celebrating homegrown innovation.

“When we first conceptualised Powered By Cambodia, we asked ourselves a fundamental question: What does the future of the Kingdom’s digital economy look like, and who is building it? The answer is standing in this room,” he said.

“It is being coded in offices across Phnom Penh, deployed in local cloud servers, and integrated into small businesses across our provinces. Through Powered By Cambodia, we are stepping up to champion locally built technology, digital infrastructure, cloud solutions, and e commerce platforms.”

His remarks reflected the campaign’s broader mission of promoting Cambodian technology while encouraging businesses to adopt locally developed digital solutions that support sustainable economic growth.

A Six Month Journey to Build Digital Confidence

Powered by Cambodia is designed as more than a single event. It is a nationwide movement intended to strengthen confidence in Cambodia’s technology sector while encouraging collaboration between startups, investors, corporations, and government institutions.

Cambodia Tech Sprint Day Launches National Powered by Cambodia Campaign

Throughout the next five months, the campaign will host several major initiatives including Cambodia Data Trust Lab, My Digital Cambodia, Cambodia Digital Sovereignty, Cambodia Digital Talent Launchpad, and the Powered by Cambodia Experience Exhibition. Together, these events will address digital infrastructure, data management, policy development, digital talent, and the country’s expanding technology ecosystem.

By showcasing locally engineered software, cloud services, digital platforms, and scalable business models, the campaign hopes to demonstrate that Cambodian innovation is capable of solving local business challenges while expanding into regional markets.

Strong Support from Public and Private Sectors

During the closing ceremony, Sarvinoz Nuritdinova, CEO of B2B Asia News, expressed confidence in Cambodia’s rapidly evolving technology ecosystem and the momentum created by the inaugural event.

“As we draw Cambodia Tech Sprint Day to a close, I am filled with immense optimism. Today, we were able to see the future of Cambodian technology in action. From our insightful specialised workshops, to the vibrant energy across the Tech Marketplace, we were able to see that Cambodia’s tech ecosystem is thriving, innovating, and ready to lead.

“If today was the sprint, remember that we are running a marathon together. Cambodia Tech Sprint Day was just the first step in this six month digital confidence journey. We have officially set the momentum for the Powered By Cambodia campaign in motion.”

The successful launch was supported by a broad network of government agencies, technology companies, workshop leaders, exhibitors, media organizations, and ecosystem partners. Their collaboration demonstrates growing national commitment to strengthening Cambodia’s innovation economy and supporting locally developed technologies.

Why This Matters for Businesses and Investors?

For business leaders, entrepreneurs, startup founders, and investors, the Powered by Cambodia campaign represents an important opportunity to discover emerging technologies, build strategic partnerships, and connect with Cambodia’s expanding digital ecosystem.

As digital transformation accelerates across Southeast Asia, Cambodia is positioning itself as a growing destination for innovation, digital services, cloud infrastructure, artificial intelligence, and technology driven entrepreneurship. The campaign also creates new opportunities for businesses to collaborate with local innovators while supporting the country’s long term digital competitiveness.

Conclusion

Cambodia Tech Sprint Day has successfully launched the Powered by Cambodia campaign, setting the foundation for six months of collaboration, innovation, and digital transformation. By bringing together entrepreneurs, technology companies, investors, policymakers, and educators, the initiative demonstrates Cambodia’s commitment to building a stronger digital economy powered by local talent and innovation. As the campaign continues, it is expected to create new business opportunities, strengthen investor confidence, and showcase Cambodia as an emerging technology hub in Southeast Asia.

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Angkor TimesExperienced
Asked: August 4, 2026In: Tech

Cambodian Official Advises Staying Safe When Using Free Public Wi Fi: Learn This Before You Connect!

Using free public Wi Fi at coffee shops, airports, hotels, and other public places has become part of everyday life. However, Cambodian cybersecurity officials are warning that these convenient internet connections can also expose users to hidden cyber threats. ...Read more

Using free public Wi Fi at coffee shops, airports, hotels, and other public places has become part of everyday life. However, Cambodian cybersecurity officials are warning that these convenient internet connections can also expose users to hidden cyber threats. On August 4, 2026, the Ministry of Post and Telecommunications urged the public to take extra precautions when connecting to free public Wi Fi to protect their personal information, passwords, and financial data from hackers.

Cambodian Official Advises Wi‑Fi Safety

The warning comes as cybercrime continues to evolve, making cybersecurity an important issue for business owners, entrepreneurs, executives, investors, travelers, and anyone who regularly works online. By following a few simple security practices, users can significantly reduce the risk of becoming victims of data theft while using public internet services.

Public Wi Fi Can Become a Gateway for Cybercriminals

According to Mr. Ouk Phannarith, Director of the Department of Information and Communication Technology Security at the Ministry of Post and Telecommunications, free public Wi Fi networks remain a popular target for hackers.

Cambodian Official Advises Staying Safe When Using Free Public Wi Fi

Whether visiting a café, waiting at an airport, or staying in a hotel, many people automatically connect to free Wi Fi without considering the potential risks. Cybercriminals can take advantage of unsecured networks to intercept sensitive information, including passwords, banking credentials, and personal data if users fail to take proper precautions.

For business professionals who frequently travel or work remotely, protecting confidential company information is equally important. A single unsecured connection could expose sensitive business communications or customer information, creating financial and reputational risks.

Use a VPN for Better Online Protection

One of the easiest ways to improve security while using public Wi Fi is by connecting through a Virtual Private Network, commonly known as a VPN.

A VPN encrypts internet traffic, making it much more difficult for hackers to intercept or monitor online activities. Whether checking emails, accessing cloud services, or browsing websites, enabling a VPN adds an important layer of protection, especially for professionals handling sensitive business information.

Avoid Banking and Online Payments on Public Networks

The ministry also advises users to avoid accessing banking applications or entering credit card information while connected to public Wi Fi.

Online shopping, financial transactions, and digital payments should only be completed through trusted private internet connections. If financial transactions are necessary, using your own 4G or 5G mobile data is considered much safer than relying on public Wi Fi networks.

Review Your Device Settings Before Connecting

Another important recommendation is to disable the automatic Wi Fi connection feature on smartphones, tablets, and laptops.

Leaving Auto Connect enabled may allow a device to connect automatically to fake or malicious wireless networks that imitate legitimate public Wi Fi services. Cybercriminals often create networks with similar names to trick users into connecting without realizing it.

Users should also verify that websites begin with https:// and display the secure padlock icon before entering passwords or personal information. Secure websites encrypt communication between users and the website, reducing the risk of data interception.

Cybersecurity Is Becoming Essential for Businesses

As Cambodia’s digital economy continues to expand, cybersecurity is no longer only an IT concern. It has become an essential business priority.

Business leaders, startup founders, investors, managers, and professionals increasingly rely on cloud platforms, mobile banking, online collaboration, and digital communication. Following basic cybersecurity practices helps protect business assets, customer trust, and financial information while reducing exposure to cyber threats.

The Ministry’s latest reminder serves as a timely warning that convenience should never come at the expense of digital security. A few simple precautions today can prevent costly consequences tomorrow.

Conclusion

Free public Wi Fi offers convenience, but it also creates opportunities for cybercriminals to steal valuable information. Whether you are a business executive, entrepreneur, investor, traveler, or everyday internet user, taking simple security measures such as using a VPN, avoiding financial transactions on public networks, disabling automatic connections, and checking website security can greatly reduce cyber risks. Staying informed and practicing good cybersecurity habits will help protect both your personal and business data in an increasingly connected world.

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Angkor TimesExperienced
Asked: April 21, 2026In: Tech

Cellcard Invests $5.5B in 30 Years

Three Decades of Investment in Cambodia’s Digital Backbone Over the past 30 years, cellcard has steadily positioned itself as a key force behind Cambodia’s digital evolution, investing nearly 5.5 billion US dollars into the nation’s ICT infrastructure from ...Read more

Three Decades of Investment in Cambodia’s Digital Backbone

Over the past 30 years, cellcard has steadily positioned itself as a key force behind Cambodia’s digital evolution, investing nearly 5.5 billion US dollars into the nation’s ICT infrastructure from 1996 to 2026. Operating as CamGSM PLC and recognized as a fully Khmer owned telecommunications provider listed on the Cambodian Securities Exchange, the company has consistently aligned its growth with national priorities. Its long term investment strategy reflects a deep commitment to strengthening connectivity, supporting economic development, and building a resilient digital ecosystem that benefits both businesses and communities across the country.

In 30 Years cellcard Invests Close to US$5.5 Billion in Nation’s ICT Infrastructure

Breakdown of Major Financial Contributions

A closer look at the numbers reveals the scale of cellcard’s contribution to Cambodia’s digital infrastructure. The company has allocated significant resources across key areas to ensure sustainable growth and nationwide access to technology.

  1. Capital expenditure CAPEX reaching approximately 1.1 billion US dollars
  2. Regulatory contributions totaling around 0.7 billion US dollars

These investments have played a vital role in expanding network coverage, creating employment opportunities, and attracting further foreign and domestic investment into Cambodia’s fast growing digital economy.

Supporting Cambodia’s Digital Transformation Vision

As Cambodia accelerates its digital transformation agenda in 2026, cellcard continues to work closely with the Royal Government to support initiatives such as nationwide infrastructure expansion, inclusive connectivity, and the Digital Economy and Society Policy Framework. The company’s direction remains closely aligned with national strategies aimed at building a modern and competitive digital landscape that can support long term economic growth and innovation.

5G Expansion Reaches Siem Reap

Building on its strong foundation, cellcard has officially launched its 5G network in Siem Reap, marking the city as the third location after Phnom Penh and Takhmao to access next generation connectivity. This milestone highlights a major step forward in Cambodia’s digital transformation journey, particularly in one of the country’s most important tourism and cultural hubs. The launch was marked by a Memorandum of Understanding signing with the provincial governor, reinforcing a shared commitment to advancing smart city development and digital innovation.

Unlocking Opportunities Through Advanced Connectivity

With the introduction of 5G technology, Siem Reap is entering a new phase of digital capability. Residents, businesses, and visitors can now benefit from faster speeds, lower latency, and enhanced digital services. Beyond improved connectivity, 5G is expected to drive innovation across multiple sectors including tourism, education, commerce, and public services. This advancement creates new opportunities for immersive experiences, smarter business operations, and more efficient service delivery across the region.

Leadership Confirms Long Term Confidence

Cellcard’s leadership has emphasized strong confidence in Cambodia’s future and the role of digital infrastructure in shaping that future.

“Our continued investment reflects our strong confidence in Cambodia’s future. Together with our partners, we are building a robust digital foundation that supports sustainable growth, attracts investment, and improves the lives of all Cambodians.”

“The launch of 5G in Siem Reap represents a significant step towards a truly connected Cambodia. Through our partnership with provincial leadership, we are enabling new digital opportunities that will drive economic growth, enhance tourism, and empower local communities.”

These statements highlight a clear vision to not only expand infrastructure but also to create meaningful economic and social impact through technology.

Expanding Toward a Nationwide 5G Future

Looking ahead, cellcard plans to continue expanding its 5G network across key provinces where demand and impact are highest. This ongoing rollout supports Cambodia’s ambition to become a fully connected digital nation, enabling transformation in how people live, work, learn, and interact. As digital adoption grows, the company’s investments are expected to play an increasingly important role in shaping a more inclusive and future ready economy.

Conclusion

Cellcard’s 30 year investment journey reflects a long term commitment to Cambodia’s development, with nearly 5.5 billion US dollars dedicated to building the country’s ICT infrastructure. From expanding connectivity to launching 5G in major cities, the company continues to support national digital transformation goals while unlocking new opportunities for growth, innovation, and social progress. As Cambodia moves closer to becoming a digitally driven economy, cellcard remains a central player in powering that future.

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Angkor TimesExperienced
Asked: August 5, 2026In: Tech

Telegram Briefly Disappeared from Apple’s App Store. Now It’s Back: Why Should Businesses in Cambodia Care?

Telegram has returned to Apple’s App Store after being temporarily removed worldwide this week, creating concerns among businesses, governments and users who rely heavily on the messaging platform for daily communication. The brief suspension happened after Apple found content ...Read more

Telegram has returned to Apple’s App Store after being temporarily removed worldwide this week, creating concerns among businesses, governments and users who rely heavily on the messaging platform for daily communication. The brief suspension happened after Apple found content on Telegram that violated its policies related to child sexual abuse material (CSAM), but the app was restored within hours after Telegram removed the reported content and banned the responsible account.

Telegram Briefly Disappeared from Apple’s App Store. Now It’s Back Why Should Businesses in Cambodia Care

The incident has drawn attention in Cambodia, where Telegram has become an important digital communication tool for businesses, government institutions and communities. While existing users were still able to use the application during the suspension, the temporary removal highlighted a bigger concern: the risks businesses face when depending too heavily on one digital platform for customer communication, marketing and operations.

Why Apple Removed Telegram and Restored It Shortly After?

Apple removed Telegram from its iPhone and iPad App Stores after determining that the platform contained content that breached its App Store rules regarding child sexual abuse material. During the suspension period, new users could not download Telegram, although people who already had the app installed could continue using it.

Apple later allowed Telegram to return after the company took immediate action to remove the violating content and block the account involved. The quick restoration showed how platform providers and app developers must work closely to meet safety and compliance requirements in global digital ecosystems.

Telegram said the removal was linked to a single user who shared illegal content, which was “immediately banned.” The company also stated that it had removed more than 337,900 groups and channels connected to child sexual abuse material during 2026, arguing that it actively works to prevent illegal activities on its platform.

Telegram also appeared to question Apple’s decision, saying that enforcement standards should be applied equally across all applications available through the App Store.

Cambodia’s Businesses Depend Heavily on Telegram Communication

The temporary removal attracted strong interest in Cambodia because Telegram has become one of the country’s most widely used communication platforms for business and professional activities.

Unlike some countries where platforms such as WhatsApp dominate workplace communication, many Cambodian companies use Telegram for customer engagement, employee coordination, marketing campaigns, announcements, customer support and business networking.

Government agencies, financial institutions, business associations and private companies frequently use official Telegram channels to share updates and communicate with their audiences. Many businesses also depend on Telegram groups to coordinate teams, provide services and maintain direct relationships with customers.

The short disruption did not affect existing users, but it demonstrated how quickly access could become a challenge when digital platforms depend on approval and distribution through major technology companies such as Apple.

Businesses Need to Prepare for Digital Platform Risks

The Telegram incident serves as a reminder that businesses should not rely on only one communication channel to operate and connect with customers.

If Telegram or any major platform faces longer restrictions, legal issues, technical failures or policy conflicts, organisations that depend entirely on the service could experience difficulties reaching customers, attracting new users and maintaining daily operations.

Digital experts often recommend that businesses build communication strategies across multiple channels, including company websites, email marketing, SMS, LinkedIn, social media platforms and alternative messaging applications. A diversified approach can help companies reduce risks and maintain business continuity during unexpected disruptions.

For Cambodian businesses that use Telegram as a primary communication tool, the incident is a valuable reminder to develop backup communication systems while continuing to benefit from the platform’s convenience and reach.

Telegram Faces Increasing Global Regulatory Pressure

The App Store incident comes as Telegram faces growing scrutiny from regulators in different parts of the world.

Australia’s online safety regulator recently launched legal action against Telegram, claiming the company failed to remove extremist material, including violent terrorist content. Telegram has rejected the allegations and said it plans to challenge the claims.

Telegram founder and Chief Executive Pavel Durov has also faced renewed criticism in Russia after authorities accused the platform of allowing channels, bots and chats allegedly linked to Ukrainian intelligence services and extremist organisations. Telegram has denied responsibility for illegal activities carried out by individual users.

In France, Durov remains involved in criminal proceedings connected to separate allegations involving criminal activities conducted through Telegram. The company has repeatedly rejected accusations of wrongdoing, arguing that technology platforms should not be blamed for unlawful actions committed by users.

Despite these challenges, Telegram remains one of the world’s largest messaging platforms, with hundreds of millions of active users. In emerging markets such as Cambodia, the platform continues to play a major role in connecting businesses, organisations and communities.

Conclusion

Telegram’s brief removal from Apple’s App Store was resolved quickly, but the incident highlighted an important lesson for businesses in Cambodia and beyond. Digital platforms provide powerful opportunities for communication and growth, but depending too heavily on a single service can create operational risks.

As Cambodia’s digital economy continues to expand, businesses should continue using platforms like Telegram while also building stronger, more flexible communication strategies that ensure they can stay connected with customers and partners under any circumstances.

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