E-Commerce in Cambodia

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E-Commerce in Cambodia

Post by CEOCambodiaNews » Wed Jan 30, 2019 10:44 am

Exclusive Report: E-Commerce in Cambodia
by Eldon Lee •
After our Exclusive Report on Investing in Cambodia, Geeks in Cambodia takes a look at e-commerce in the Kingdom.
28 January 2019
E-commerce refers to the buying and selling of goods or services online, as well as the transfer of money as part of these transactions, and is widely seen as one of the main engines of future growth in Cambodia’s burgeoning digital economy. As people across the Kingdom make better use of computers and smartphones in their daily lives, the opportunities for businesses are increasing, yet the regulatory situation in Cambodia remains undeveloped, so Geeks took a closer look.

In a recent report on Cambodia’s digital economy, the World Bank Group acknowledges that after decades of incredible economic growth, low digital adoption means the Kingdom faces major obstacles on its journey to become a digital economy.

“Fewer than one-quarter of businesses had a web presence in 2017, well below the world median of 46 percent… In addition, the limited uptake of digital financial services, lack of IT skills, and incomplete legal framework are likely to constrain the development of Cambodia’s digital economy,” the report warns.

Yet the digital economy is growing to meet the demands of an increasingly tech savvy, and financially secure population.
Full article: http://geeksincambodia.com/exclusive-re ... -cambodia/
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