E-payment transactions in Cambodia up by over a third in 2021

A shop owner uses a mobile phone at an empty underground shopping district in Seoul on Sept 24, 2021. - Reuters

PHNOM PENH POST (The Phnom Penh Post/Asia News Network): Electronic payment transactions worth 415.5 trillion riel (US$102 billion) were made nationwide last year, marking a 34.5 per cent rise over 2020, as the number of e-wallet accounts reached 13.6 million, amounting to more than 80 per cent of the total population, according to the central bank.

The National Bank of Cambodia (NBC) said in its 2021 Financial Stability Review (FSR), released on June 17, that the Kingdom’s payment systems have drastically improved in recent years, with the adoption of digital options skyrocketing during the pandemic.