Workshop on Banking Sector and FinTech in Digital Economy to be Held Next Week

The Digital Economy and Business Committee and the National Bank of Cambodia will co-organise a workshop on the Role of Banking Sector and FinTech in Digital Economy in Cambodia, addressing regulation in banking sector, trends of digitalisation, and collection of inputs for drafting Cambodia FinTech development policy.

The one-day workshop is scheduled to be held in hybrid format on Sept. 22 with participation of high-ranking officials of the Ministry of Economy and Finance, Digital Economy and Business Committee, National Bank of Cambodia, members of the working group on drafting Cambodia’s FinTech Development policy, associations and financial institutions, read the ministry’s announcement.

The banking sector in Cambodia has grown rapidly over the last two decades and continues to develop strongly, the ministry stated, adding that during the Covid-19 pandemic, modernisation of the banking system was seen as a necessary step in furthering the development of the banking sector.

“FinTech plays an important role in financial transactions, including payments, savings, and lending. This increasing use of mobile banking by Cambodians has been driving financial transactions to be more efficient, more convenient, and faster,” said the ministry.

 

Source: Agency Kampuchea Press