Will digital wallets succeed in creating a cashless Cambodia?
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Will digital wallets succeed in creating a cashless Cambodia?
What do you think ?
Will digital wallets succeed in creating a cashless Cambodia?
By: Euan Black - POSTED ON: August 9, 2017
Will digital wallets succeed in creating a cashless Cambodia?
By: Euan Black - POSTED ON: August 9, 2017
Full article here: http://sea-globe.com/digital-wallets-cambodia/According to a 2016 study by professional services firm KPMG, only 5% of Cambodia’s population has a bank account. Addressing the needs of this population through the provision of digital financial services could increase the country’s GDP by 6%, the Asian Development Bank (ADB) estimated in January this year. Further, by bringing large numbers of Cambodia’s population into the folds of the formal financial system, fintech promises to bring much-needed financial security to millions of Cambodians. And the wider societal benefits extend far beyond the economic realm, according to In Channy, CEO of Acleda Bank.
“When customers use ToanChet [the new app], it reduces road traffic as people don’t need to travel to the branch; it saves money for the government as they need to print less money; it saves money for companies as they need less staff to process transactions; and it protects the environment as less paper is printed,” Channy told Southeast Asia Globe at his high-rise office in Phnom Penh’s nascent financial district.
- John Bingham
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Re: Will digital wallets succeed in creating a cashless Cambodia?
Maybe by about 2067.
Silence, exile, and cunning.
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Re: Will digital wallets succeed in creating a cashless Cambodia?
interesting youtube on this subject
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Re: Will digital wallets succeed in creating a cashless Cambodia?
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Re: Will digital wallets succeed in creating a cashless Cambodia?
Very informative. Thanks. .
The Cambodian part explains a lot what's happening here viz a viz crypto currency and the NBCs official stance.
I wonder what interest rate they will charge on a transaction if you want to buy K coins. Will we still be able to trade them on the usual exchanges? Or will ACchain run its own dedicated exchanges?
Does ACchain signal the real start of the major banks and financial institutions efforts to take control of other crypto currencies by tryng to devalue them?
See crook!!!
Re: Will digital wallets succeed in creating a cashless Cambodia?
so Mr Bingham, you're an optimist!
shadow/cash economy in SEA keeps the thing going.
Be decades at best.
cheers
Bertros
A taste of the bait is worth the pain of the hook.....
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