Cambodia Cards and Payments - Opportunities and Risks to 2026

GlobalData's 'Cambodia Cards and Payments - Opportunities and Risks to 2026' report provides detailed analysis of market trends in the Cambodia cards and payments industry. It provides values and volumes for key performance indicators in the industry, including cards and cheques during the review-period (2018-22e).The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2022e-26f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

The report provides top-level market analysis, information and insights into the Cambodian cards and payments industry, including -

• Current and forecast values for each market in the Cambodian cards and payments industry, including debit and credit cards.
• An overview of the country's key alternative payment instruments.
• Analysis of various market drivers and regulations governing the Cambodian cards and payments industry.
• Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• The competitive landscape of the Cambodian cards and payments industry.

Scope

• Amid the growing preference for digital currency, the NBC launched the Bakong digital currency in October 2020. For transactions in Cambodian riel and US dollars, users can scan the KHQR codes generated by merchants using the Bakong mobile payment app. In addition to domestic payments, Bakong also facilitates cross-border transactions. As of December 2021, 55 banks and financial institutions support Bakong, with 287,558 users.
• To push electronic payments in the country, in January 2021 the NBC collaborated with the Korea International Cooperation Agency to launch Cambodia's national retail payment system, Retail Pay. The system is based on three components: Real-Time Fund Transfer (RFT), Mobile Payment System (MPS), and QR-Code Payment System (QPS). The system enables customers to make interbank funds transfers in real-time. It allows fund transfers via various channels including online and mobile banking as well as bank branches. Funds can be transferred using a recipient's bank account number or mobile phone number. The system supports transactions in both Cambodian riel and US dollars. It operates 24 hours a day, seven days a week, 365 days a year. As of February 2022, a total of 14 banks in Cambodia support the Retail Pay system, including ACLEDA Bank, Canadia Bank, Cambodian Public Bank, Sathapana Bank, Prince Bank, and Foreign Trade Bank of Cambodia.
• To promote cashless payments and enhance the security of card payments, in April 2022, Mastercard collaborated with Wing Bank (Cambodia) to launch a Mastercard-branded debit card both in physical and virtual form. Card holders can make contactless in-store payments, while the virtual card can be used to make secure online transactions via the Wing Bank app - thus eliminating the need to disclose confidential card details.

Reasons to Buy

• Make strategic business decisions, using top-level historic and forecast market data, related to the Cambodian cards and payments industry and each market within it.
• Understand the key market trends and growth opportunities in the Cambodian cards and payments industry.
• Assess the competitive dynamics in the Cambodian cards and payments industry.
• Gain insights into marketing strategies used for various card types in Cambodia.
• Gain insights into key regulations governing the Cambodian cards and payments industry.