Cambodian Economy Reviews

LEADERS in the country’s IT industry expect that the global financial crisis will slow investment in Cambodia’s banking technology, but are optimistic the sector is well-positioned for an eventual recovery. “Had it not been for the world economic downturn, we would be expecting rapid development of banking technology – because that is always the case [...]

The first-ever mobile phone banking service, known WING, was launched by financial services provider Australia and New Zealand (ANZ) Banking Group, which is a start-up offering mobile phone payments services in Cambodia, aimed mainly at the unbanked, the service enables user to make various transactions. New SMS based-mobile phone payments services, WING, which is ANZ’s [...]