Cambodia Cards and Payments – Opportunities and Risks to 2026
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Cambodia Cards and Payments Market Overview
The Cambodia cards and payments market is valued at $6.4 billion in 2021 and will grow at a CAGR of more than 20% during 2022 – 2026. Payment cards are gradually gaining traction in Cambodia because of the growth in banking penetration, increasing financial knowledge among citizens, and efforts by the central bank to promote electronic payments have supported the growth of the payment card market.
Cambodia Cards and Payments Outlook, 2021-2026 ($, billion)
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The Cambodia cards and payments market report provides a detailed analysis of market trends in the Cambodian cards and payments industry. It provides values and volumes for several key performance indicators in the industry, including cards, cash, mobile wallet, credit transfers, and direct debits during the review period. The report also analyzes various payment card markets operating in the industry. It provides detailed information on the number of cards in circulation, transaction values, and volumes. It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.
Market Size (2021) | $6.4 Billion |
CAGR (2022 – 2026) | >20% |
Key Payment Instruments | · Cards
· Cheques |
Key Segments | · Card-Based Payments
· Alternative Payments |
Leading Players | · ACLEDA Bank
· Advanced Bank of Asia · Sathapana Bank Plc · Canadia Bank · Cambodia Post Bank |
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Cambodia Cards and Payments Market Dynamics
Measures taken by the government to boost non-cash transactions have facilitated electronic payments. For instance, the NBC launched the Bakong digital currency in October 2020 to facilitate domestic and cross-border transactions. Additionally, in January 2021, the NBC collaborated with the Korea International Cooperation Agency to launch Cambodia’s national retail payment system, Retail Pay to push electronic payments in the country. In April 2022, Mastercard collaborated with Wing Bank (Cambodia) to launch a Mastercard-branded debit card in physical and virtual form.
Cambodia Cards and Payments Market Segmentation by Payment Instruments
The key payment instruments in Cambodia’s cards and payments market are cards and cheques. In terms of volume, payment cards usage is steadily increasing and is expected to continue doing so during the forecast period. This can be attributed to improved payment infrastructure, rising awareness regarding the convenience and security associated with card payments, and growing adoption of contactless technology.
Cambodia Cards and Payments Market by Payment Instruments
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Cambodia Cards and Payments Market Segments
The key segments in the Cambodia cards and payments market are card-based payments, and alternative payments. Growth in banking penetration, increasing financial knowledge among citizens, and efforts by the central bank to promote electronic payments have supported the growth of the payment card market in Cambodia.
Competitive Landscape
Some of the leading players in the Cambodia cards and payments market are ACLEDA Bank, Advanced Bank of Asia, Sathapana Bank Plc, Canadia Bank, Cambodia Post Bank, Hattha Bank Plc, Maybank, Cambodian Public Bank, and J Trust Royal Bank among others.
Reasons to Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the Cambodian cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Cambodian cards and payments industry.
- Assess the competitive dynamics in the Cambodian cards and payments industry.
- Gain insights into marketing strategies used for various card types in Cambodia.
- Gain insights into key regulations governing the Cambodian cards and payments industry.
AEON Specialized Bank
Sathapana Bank
Canadia Bank
ABA Bank
Union Commercial Bank
Visa
Mastercard
China UnionPay
AEON Wallet Cambodia
Pi Pay
DaraPay
ABA Pay
PayGo
ViPay
Table of Contents
Frequently asked questions
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What was the Cambodia cards and payments market size in 2021?
The Cambodia cards and payments market size was $6.4 billion in 2021.
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What was the Cambodia cards and payments market growth rate?
The Cambodia cards and payments market will grow at a CAGR of more than 20% during 2022-2026.
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What are the key payment instruments in the Cambodia cards and payments market?
The key payment instruments in the Cambodia cards and payments market are cards, and cheques.
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What are the key segments in the Cambodia cards and payments market?
The key cards and payments segments in Cambodia are card-based payments, and alternative payments.
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Who are the leading players in the Cambodia cards and payments market?
Some of the leading players in the Cambodia cards and payments market are ACLEDA Bank, Advanced Bank of Asia, Sathapana Bank Plc, Canadia Bank, Cambodia Post Bank, Hattha Bank Plc, Maybank, Cambodian Public Bank, and J Trust Royal Bank among others.
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