Ministry of Commerce signed the Memorandum of Understanding with ACLEDA Bank Plc on the integration of ACLEDA Bank Plc’s electronic payment services for the settlement of payment transactions on the CambodiaTrade marketplace (Cambodiatrade.com).
The signing ceremony of a Memorandum of Understanding was held on Tuesday, 26 November 2024 and was presided by Ms CHAM Nimul, Minister of Commerce and also participated by representatives of the Ministry, ACLEDA Bank PLC, the private sector, associations, and small and medium enterprises.
The signing of this Memorandum of Understanding with ACLEDA Bank Plc will mark a special event in the advancement of public-private partnerships to help small and medium enterprises in Cambodia increase economic opportunities by selling made-in-Cambodia products to domestic and foreign customers or other business partners.
It will especially contribute to facilitating small and medium enterprises that are CambodiaTrade vendors in receiving payments more conveniently, quickly, and securely through digital payments without using cash.
The memorandum also outlines cooperation in training and sharing digital financial knowledge for SMEs registered with the CambodiaTrade.
The Ministry of Commerce has officially launched the CambodiaTrade e-marketplace for SMEs to list their products free of charge since 31 March 2022, which allows them to reach a broader market in Cambodia and overseas, granting access to the growing global digital economy. As of November 2024, 170 SMEs have been approved to list their products on CambodiaTrade, with a total of 1,700 products.