Payments Landscape in Cambodia Key Players – ACLEDA Bank, Cambodian Public Bank, Canadia Bank, and ABA Bank Market Analysis & Forecast 2017 to 2021

WiseGuyReports.com with their unique quality of simplifying the market research study, presents a deep diving study report “Payments Landscape in Cambodia: Opportunities and Risks to 2021”

Payments Landscape in Cambodia

Overview

Payments Landscape in Cambodia: Opportunities and Risks to 2021″, 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 cheques and payment cards during the review-period (2013-17e).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2017-21f). It also offers information on the country’s competitive landscape, including the market shares of issuers and schemes.

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Top Companies mentioned

ACLEDA Bank

Cambodian Public Bank

Canadia Bank

ABA Bank

Bank for Investment and Development of Cambodia

Phillip Bank

Sathapana Bank

Visa

Payments Landscape in Cambodia Industry Major Outlook

In October 2017, the NBC in partnership with ACLEDA Bank, Sathapana Bank, and microfinance company Prasac Soft launched the Cambodian Shared Switch (CSS), a shared system that enables consumers to perform interbank transactions using payment cards on member institutions’ ATMs and POSs . The CSS enables consumers to make a range of transactions such as payment of goods and services, cash withdrawals, interbank fund transfers, balance enquiries, and mini statements. The development of CSS is aimed at modernizing the country’s payment system, enhancing the efficiency of payment services, and offering additional transaction channels for consumers. In addition, with growing ATM and POS networks, consumers in rural areas will have greater access to banking services, which is in line with the government’s financial inclusion policy. 

Payments Landscape in Cambodia – Competitive Analysis

Key players are making innovative developments in Payments Landscape in Cambodia industry.  The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector

Scope

– Robo-advice can help users track and monitor their finances in real-time, create and achieve goals, and recommend the best actions to take or products to buy. 
– The easiest model of robo-advice provision is for larger players such as incumbents and banks to partner with smaller companies such as start-ups and technology providers. 
– Robo-advice can charge lower fees than traditional human advisors, which will improve access to advice for customers currently underserved, unable, or unwilling to pay for traditional advice from a human.

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