PHNOM PENH: Cambodia’s Bakong Payment Service recorded robust growth in both Riel and U.S. dollar transactions in 2025, highlighting the country’s accelerating shift towards digital payments, according to the National Bank of Cambodia (NBC)’s 2025 Annual Report.
The report shows that the Bakong system processed 771.2 million-Riel transactions last year, a 1.6-fold increase compared to 2024. The total value of these transactions reached KHR 285.9 trillion, up 59.4 percent year-on-year.
Meanwhile, U.S. dollar transactions through Bakong surged by 79.7 percent in volume, amounting to 554.5 million transactions, equivalent to US$152.8 billion, an increase of 49.3 percent over the previous year.
NBC Governor H.E. Mrs. Chea Serey emphasised the central bank’s commitment to modernising Cambodia’s payment infrastructure.
“Even though the current payment system is advancing, we will continue to improve Cambodia’s payment infrastructure to enable real-time, secure, and efficient transactions for both businesses and consumers, supporting the country’s broader financial modernisation and digital economy goals,” she said.
The Bakong system, which has become a cornerstone of Cambodia’s digital finance strategy, now provides businesses and consumers with faster, safer, and more efficient payment options, reinforcing the government’s vision of a cashless economy.