Cambodia launches new fintech development policy

Cambodian Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth on October 4 announced the Cambodia Financial Technology Development Policy 2023-2028, which aims to boost the development of fintech in the Southeast Asian country.
Phnom Penh (VNA) – Cambodian Deputy PrimeMinister and Minister of Economy and Finance Aun Pornmoniroth on October 4 announcedthe Cambodia Financial Technology Development Policy 2023-2028, which aims to boostthe development of fintech in the Southeast Asian country.

Addressing a workshop to announce the policy, Aun Pornmonirothsaid he believed that the implementation of the policy will help Cambodia tobenefit from the digitalisation of the financial sector and it will provideopportunities to all parties to contribute to the development of Cambodia’sdigital economy and society.

The workshop, held by Cambodia’s Digital Economy andBusiness Committee (DEBC), aimed to create awareness about the policy andpromote the development of fintech in Cambodia.

It drew high-ranking officials from ministries, publicinstitutions, regulators, embassies, banking and financial institutions,educational institutions, insurance companies, local and international privatecompanies and other relevant associations.

DEBC also organised five workshops, namely the National Consultation Workshop onPolicy and Direction of Cambodia’s FinTech, the Role of Insurance Sector andFinTech in the Digital Economy in Cambodia, the Role of Banking Sector andFinTech in Digital Economy in Cambodia, the FinTech Stage of Cambodia Tech Expo2022, and the Roles of Decentralised Finance and Data Protection Framework inFinTech Development in Cambodia./.
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