Amazines Free Article Archive
www.amazines.com - Saturday, December 07, 2019
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133321)
 Advice (160961)
 Affiliate Programs (34735)
 Art and Culture (73689)
 Automotive (145679)
 Blogs (75057)
 Boating (9840)
 Books (17218)
 Buddhism (4125)
 Business (1328591)
 Business News (426310)
 Business Opportunities (366263)
 Camping (10962)
 Career (72734)
 Christianity (15844)
 Collecting (11637)
 Communication (115054)
 Computers (241957)
 Construction (38997)
 Consumer (49681)
 Cooking (17061)
 Copywriting (6567)
 Crafts (18204)
 Cuisine (7538)
 Current Affairs (20388)
 Dating (45780)
 EBooks (19687)
 E-Commerce (48204)
 Education (185252)
 Electronics (83498)
 Email (6392)
 Entertainment (159832)
 Environment (28937)
 Ezine (3039)
 Ezine Publishing (5446)
 Ezine Sites (1550)
 Family & Parenting (110900)
 Fashion & Cosmetics (196390)
 Female Entrepreneurs (11842)
 Feng Shui (130)
 Finance & Investment (310272)
 Fitness (106134)
 Food & Beverages (62868)
 Free Web Resources (7938)
 Gambling (30225)
 Gardening (25108)
 Government (10513)
 Health (629548)
 Hinduism (2205)
 Hobbies (44043)
 Home Business (91557)
 Home Improvement (251358)
 Home Repair (46134)
 Humor (4823)
 Import - Export (5453)
 Insurance (45130)
 Interior Design (29550)
 International Property (3485)
 Internet (190988)
 Internet Marketing (146336)
 Investment (22824)
 Islam (1167)
 Judaism (1356)
 Law (80487)
 Link Popularity (4591)
 Manufacturing (20842)
 Marketing (98775)
 MLM (14136)
 Motivation (18213)
 Music (27005)
 New to the Internet (9479)
 Non-Profit Organizations (4048)
 Online Shopping (129617)
 Organizing (7803)
 Party Ideas (11856)
 Pets (38079)
 Poetry (2234)
 Press Release (12674)
 Public Speaking (5618)
 Publishing (7523)
 Quotes (2407)
 Real Estate (126625)
 Recreation & Leisure (95278)
 Relationships (87563)
 Research (16158)
 Sales (80322)
 Science & Technology (110220)
 Search Engines (23453)
 Self Improvement (153102)
 Seniors (6232)
 Sexuality (35942)
 Small Business (49285)
 Software (82995)
 Spiritual (23465)
 Sports (116081)
 Tax (7658)
 Telecommuting (34067)
 Travel & Tourism (307414)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11727)
 Website Design (56827)
 Website Promotion (36569)
 World News (1000+)
 Writing (35770)
Author Spotlight
SHOVON JOARDER

Shovon Joarder has been working as Freelance Marketing Project Manager for over four years. He also ...more
OLEG KOBETS

Oleg has been providing SEO, Copywriting and Content Management services for 10+ years. For the last...more
ALFRED MEARS

Former English Teacher; Musician (20+ years); Freelance Writer ...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
ANISH SAH

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more


Diversifying and expanding Cards and Payments Industry in Cambodia: Ken Research by Ankur Gupta






Article Author Biography
Diversifying and expanding Cards and Payments Industry in Cambodia: Ken Research by
Article Posted: 02/01/2017
Article Views: 398
Articles Written: 1063
Word Count: 905
Article Votes: 0
AddThis Social Bookmark Button

Diversifying and expanding Cards and Payments Industry in Cambodia: Ken Research


 
Finance & Investment
Ken research announced recent publication on, "The Cards and Payments Industry in Cambodia: Emerging Trends and Opportunities to 2021". This report provides detailed analysis of market trends in the Cambodian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments and payment cards during the review period (2012-2016).

The report also analyses various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2017-2021). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes. The report brings together modelling and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages.

One year since the central bank soft-launched its FAST payment system it is taking the system public, making electronic riel-denominated transfers available to the customers of more than a dozen financial institutions. The National Bank of Cambodia (NBC) launched the Fast and Secure Transfer (FAST) Payment system in July 2016. Cambodia is gradually shifting from a cash-based economy to an electronic payment culture as more financial institutions launch internet or mobile banking and expand their ATM networks.

FAST Payment offers a quick, secure and efficient method of interbank transactions in local currency for commercial banks and micro deposit-taking institutions (MDIs). FAST Payment offers its services to 13 commercial banks and MDIs. Banks that have adopted this system include Acleda Bank, Cambodian Public Bank, Canadia, Advanced Bank of Asia (ABA), BIDC, Phillip and Sathapana. The NBC is developing a Shared Switch System, an integrated platform to facilitate electronic payments such as transactions at ATMs, POS terminals and online and mobile payments.

This innovation in payment method in the country will promote the use of local currency, enhance transparency through electronic payment, reduce cash circulation in the market, and finally, improve effectiveness of financial resources utilisation, Leading international schemes, including MasterCard and UnionPay International, are making their presence felt in the country's debit card market, which was previously dominated by Visa. MasterCard is collaborating with several banks to strengthen its foothold in Cambodia; in July 2016, for instance, MasterCard established partnerships with 13 banks in Cambodia, including six foreign-owned banks and Acleda Bank, the leading debit card issuer.

The new riel-denominated payment transfer system helps to reduce time and fees on transactions between banks or MDIs. UnionPay International collaborated with ABA to offer the ABA UnionPay Debit Card in Cambodia, following their card issuance cooperation agreement in 2014. The transaction fee is also very much lower than before. The system, which aims to increase riel use and circulation, allows customers to transfer funds across banks and deposit-taking MFIs. The funds can be used in various ways such as to pay bills, send remittances, cover online payments or pay taxes.

Although a dual-currency economy, it has a potentially good environment for card acceptance – does not have a wide merchant compliance of credit cards. Since the inception of the CBC in 2011, the average growth in the number of credit card users has been at a steady rate of about fifty per cent per annum. All financial institutions licensed by the NBC to operate in the Kingdom are members of the CBC, which comprises 120 members by today. Even though the use of credit cards in Cambodia is limited to the capital and major tourist areas, more businesses and consumers are opening up to credit cards. however, acknowledges it is true that some people right now still prefer to use cash, seeing it as a more convenient way to control their real-time, physical money.

Banks still do not offer credit card services. Instead, it taps into the safer option of debit cards, offering as many as three different types to its customers – all with a rewards system that encourages the continuous use of the card, in collaboration with big-brand names such as Lucky Supermarket, Guardian, and Aeon Supermarket. Economist although are optimistic that credit cards will be widespread among Cambodians in the coming years, with the entrance of more banks to accommodate the country’s free-market economy and steadily rising economic growth and the number can only increase as Cambodians start to understand the practice of using credit cards in the very near future.

The emergence of mobile banking applications is likely to accelerate a shift towards alternative payments in Cambodia. In May 2016, Maybank launched a mobile banking app for customers in Cambodia, allowing them to conduct banking transactions, transfer funds and make online purchases. In the same month, ABA introduced ABA Mobile, allowing ABA customers to conduct a number of transactions using a code rather than a card, including P2P payments, cash withdrawal at ATMs, transaction and balance history checks, and utility bill payments.

FAST system will help improve and encourage electronic fund transfers, such as those used for bill payments, remittances or online purchases. It would contributes to boosting business activity as it facilitates the ordering of goods and payments are made the same day. It will also help to boost e-commerce activity.

For more coverage click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/cards-payments-industry-cambodia-emerging-trends-opportunities-2021/80398-93.html

Related links:

Kotak Mahindra Bank Limited (KOTAKBANK)-Financial and Strategic SWOT Analysis Review

Perpetual Limited (PPT)-Financial and Strategic SWOT Analysis Review

Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com

+91-124-4230204 www.kenresearch.com

Related Articles - Cambodia Cards and Payments market share, Mobile payment market Cambodia,







Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
KIRAN KAUR

Kiranpreet (Kiran) Kaur, D.D.S., who received her Doctor of Dental Surgery degree from the prestigio...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more
JOANNA MORGAN

Joanna Morgan has a huge passion for making money online from home and enjoys traveling around the w...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2019, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license