Tag "Cambodia"
Cambodia’s Finance Ministry, ABA Bank Partner on Fintech and Digital Economy Development
The Cambodian Ministry of Economy and Finance (MEF) and Advanced Bank of Asia Ltd (ABA) Bank have entered into a Memorandum of Understanding (MoU) to advance digital economy and fintech initiatives in the country. Signed by Dr. Kong Marry, MEF
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Fintech is the Single Largest Sector in Cambodia’s Startup Scene
With 78% of the population unbanked, only 3% population owning a credit card, and 13% using mobile payment, a new report seems to indicate that Cambodia’s fintech is poised for growth. The rise of fintech platforms and products could represent
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Cambodia Sees Growing Fintech Industry; Laos Still Lacks Behind
Cambodia’s startup ecosystem is experiencing growth, with tech investment on the rise. By Q2 2018, Cambodia had seen at least 12 tech startup funding announcements, or exactly a 140% increase from at five in the previous year, according to a
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Cambodia Sees Growing Mobile Payment Industry
While cash remains the undisputed king in Cambodia, the growth of digital transactions and mobile payments is providing tremendous opportunities for fintech ventures and solutions to serve the unbanked and transform the country’s financial landscape. High mobile phone usage and
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The Role Of Digital Finance In Financial Inclusion In Southeast Asia
Asian Development Bank’s (ADB) recently concluded study on digital finance in the region found that addressing digital finance in the countries focused on could boost their gross domestic product (GDP) greatly. The study, named “Accelerating Financial Inclusion in Sout-east Asia
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The History of Money in Cambodia and The Potential of Bitcoin
Cambodia’s monetary history can be traced back to the ancient Khmer times. According to Michael Trané, a specialist in Khmer culture and civilization and former under-secretary at the Ministry of Culture and Fine Arts, “a lot of evidence has been
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BIMA Leverages Mobile Tech to Bring Insurance Products to Developing Countries
With over 20 million customers and operations in 14 countries across Asia, Africa and Latin America, BIMA is a leading insurtech company that uses mobile technology to deliver affordable insurance and health services, and fuel financial inclusion in developing countries.
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Cambodia Fintech: Leveraging Technology to Bank to Unbanked
With only 27% of Southeast Asia’s 600 million population having bank accounts, the region represents an untapped opportunity for fintech companies, in Cambodia these ventures that are leveraging technology to provide more efficient and cheaper banking and financial services. In
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