NBC’s director-general: Promoting financial inclusion

During an interview with CoinDesk’s online web show, “Money Re-imagined”, the Director-General and Assistant Governor of the National Bank of Cambodia (NBC)  Chea Serey explained how the central bank is working towards financial inclusion by encouraging the opening of formal savings accounts. She also spoke about the Bakong payment system’s role in meeting that objective.

Serey said the importance of that strategy became apparent during the establishment of the Bakong payment system when it was realised that the Kingdom’s payment system landscape was very fragmented. This was most noticeable in the differences observed between urban and rural communities, with rural community members being far less likely to have formal bank accounts and being more reliant on e-wallet payment system providers than their urban counterparts.

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