AKP Phnom Penh, May 12, 2026 -- 
H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia (NBC), received H.E. Steven Pang Chee Wee, Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to the Kingdom of Cambodia, at the NBC headquarters on May 12. 
During the meeting, both sides highlighted the strong cooperation between Cambodia and Singapore in promoting financial innovation, including the Financial Transparency Corridor (FTC) project and cooperation between the credit bureaus of the two countries. 
They also exchanged views on the global economic outlook, emerging challenges, and Cambodia’s economic situation. 
On the occasion, the Singaporean Ambassador praised the rapid development of Cambodia’s digital payment system and the convenience of cross-border QR code payment transactions in the Kingdom. 
For her part, H.E. Dr. Chea Serey briefed the Ambassador on the progress of the Bakong payment system and highlighted its role in promoting financial inclusion, supporting tourism development, and encouraging the use of the Khmer riel. 
Both sides also emphasised the importance of international cooperation in information sharing and strengthening measures to prevent and combat online fraud and cross-border financial crimes involving technology. 
As of Mar. 30, 2026, Cambodia and Singapore have fully implemented a two-way cross-border QR code payment system, enabling citizens of both countries to make payments like locals using mobile applications. 
The system allows instant and lower-cost transactions by directly linking Cambodia’s KHQR framework with Singapore’s SGQR system. 

By Chea Vannak