Copy link
Increase text size
Decrease text size
Link copied

Cambodia establishes fintech association

Mon, 20 Aug 2018, 09:59 am UTC

The Cambodia Fintech Association (CFA) was officially launched last week with the mission of positioning Cambodia as the leading country for fintech innovation and investment in the Indochina region.

The launch event was attended by Her Excellency Chea Serey, Assistant Governor and Director General, National Bank of Cambodia and His Excellency Peter Sok Puthyvuth, among others. Speaking at the event, Serey said that fintech development has been gaining momentum in Cambodia and driving financial inclusion.

“We want people in remote areas to have convenient, affordable, fair and safe access to financial services,” she said.

According to the CFA’s official Facebook page, the CFA has signed memorandums of understanding (MOUs) with the Fintech Associations of Thailand (TFTA), Taiwan (TFTA) and Singapore (SFA).

The Phnom Penh Post reported that the CFA, located in the capital Daun Pehn district, counts a number of digital payment companies, banks, and financial operators among its members. CFA vice-president Eddie Lee said the country is making progress in the fintech space, noting that the central bank has explored blockchain application in tracking interbank transactions.

According to the official website, the CFA will focus on

  • Advising government and regulators on policy change that supports Fintech innovation and growth
  • Providing research, legal/regulatory help, service provider discounts and other benefits that help its members build and scale their startups
  • Encouraging customers to buy, investors to invest, and talent to get involved in Fintech solutions
  • Connecting ventures (capital), talents (education) and other stakeholders within the Cambodia Fintech ecosystem and provide connections to overseas hubs through its network Events and Partners

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $6,771.25 (+8.33%)
  • Ethereum (ETH) $139.35 (+6.20%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $232.13 (+7.14%)
  • Bitcoin SV (BSV) $175.78 (+8.83%)
  • Bitcoin (BTC) $6,771.25 (+8.33%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft