Cambodia's central bank launches new interbank payment system

PHNOM PENH (Xinhua): The National Bank of Cambodia (NBC)has launched the Cambodian Shared Switch (CSS), a new interbank payment system allowing customers to transfer and withdraw money among participating banks and financial institutions.

The central bank's deputy governor Chea Serey said the CSS is designed to provide interconnectivity and interoperability among CSS members, allowing their cardholders to use the automated teller machines (ATMs) of other participating banks and financial institutions.