Cambodia
One QR, every bank, two currencies.
- Currency
- KHR
- Settlement
- T+0
- Methods
- 5
The market
Cambodia pays by QR, and one national standard covers it. The central bank's Bakong platform and its KHQR code are EMVCo-based and work across every licensed bank and payment provider, so a single integration reaches the entire market. Bakong handled more than 1.3 billion transactions in 2025, up about 20% on the year, split between riel and US dollars — though the economy remains largely dollarised, with large payments still happening mostly in USD despite the central bank's push for riel.
What we would tell you
Lead with KHQR: one integration reaches ABA, ACLEDA, Wing and every connected bank app. Price in USD and support KHR. The leading apps each have millions of users — Wing Bank alone runs 12,000+ agents and 200,000+ merchants — so reach is not the constraint.
- Population
- ~17.8 million
- Bakong-capable accounts
- ~30M (≈1.7× population)
- Bakong transactions, 2025
- 1.33B, +20% YoY
Moving value out
Straightforward
Collecting here is not the hard part. This rating describes repatriation.
Cambodia's 1997 Foreign Exchange Law places no restrictions on foreign exchange operations through authorised banks, and profits and invested capital can be remitted freely. Banks report transfers of USD 100,000 or more to the National Bank of Cambodia, and the central bank can impose temporary controls for up to three months in a foreign-exchange crisis.
Methods
5 local methods in Cambodia.
5 move money in both directions.
- KHQR / BakongQR schemein · out
- ABA PayBank transferin · out
- ACLEDA MobileBank transferin · out
- Wing BankWalletin · out
- Other KHQR bank appsBank transferin · out
Bar widths indicate approximate share of local online payment volume and are shown for ordering only.
Sources
- National Bank of Cambodia — 2025 Annual Report (via Phnom Penh Post)
- US State Department — 2025 Investment Climate Statement: Cambodia
- ABA Bank, ACLEDA Bank, Wing Bank — published figures
Figures marked indicative are directional and not verified against a primary source. Researched September 2026; rails and capital controls in these corridors change frequently.
Tell us where you need to get paid.
Four questions about your business and your markets. If we are a fit, a payments lead responds within one business day with the methods and indicative pricing for your corridors.
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Elsewhere in Southeast Asia