The financial industry is seeing robust growth. National Bank of Cambodia (NBC) reported than banks and microfinance institutions grew by 19% to $24.5 billion, while deposits increased by 15.3% to $22.1 billion by the end of 2018. Approximately 50% of the Kingdom's population has access to at least one financial service.
Meanwhile, fintech is still in the early stage of development. NBC has provided supportive conditions to be offered in the banking sectors, including the use of mobile payments, QR codes and e-wallet accounts both for domestic and cross-border transactions.
Market Research Cambodia is committed to helping you navigate the fast-growing financial industry in Indonesia. We offer advisory services in several areas such as retail and corporate banking, treasury, wealth, and risk management, as well as digital banking. Our professional consultants have deep knowledge about the market and will provide broad insights to win the market.