Is Cambodia's Bakong the future of digital currencies?
2021年8月30日 · The National Bank of Cambodia (NBC) developed the Bakong system along with Japanese technology company Soramitsu using the open source Hyperledger Iroha blockchain framework. The flexibility of using a blockchain for digital asset management allowed NBC and Soramitsu to implement fiat-backed digital representations of the Khmer riel and US ...
Serey Chea | World Economic Forum
Governor of the National Bank of Cambodia. One of the few women leaders in central banking and a strong advocate of financial literacy and women's access to finance. Has led to the incorporation of financial literacy into Cambodia’s general education programme and a proof of concept on the use of blockchain technology to make financial transactions more affordable …
This new form of currency could transform the way we see money
2019年4月6日 · The National Bank of Cambodia will be one of the first countries to deploy blockchain technology in its national payments system for use by consumers and commercial banks. It is implementing blockchain technology in the second half of 2019, as an experiment to support both financial inclusion and greater banking system efficiency.
ACLEDA Bank | World Economic Forum
In December 2003, ACLEDA Bank was licensed as a commercial bank with $13 million in capital. In May 2020, the bank listed its shares on Cambodia Securities Exchange (CSX). ACLEDA Bank has $9.44 billion in total assets and 4 million customers. ACLEDA Mobile has 2.76 million subscribers and 240,000 business partners.
Lessons from Cambodia: how LDCs can outgrow their status
2024年2月8日 · While its GDP shrank during the Covid-19 pandemic owing to national and global economic contraction, Cambodia has bounced back sharply, with the International Monetary Fund projecting a growth of 6.1% in 2024, making it the 14th fastest-growing economy this year.
How ASEAN is making instant cross-border payments a reality
2023年11月17日 · The number of people holding a bank account or signing up with a mobile money provider in that time has grown from 3% to 60% in Cambodia; from 9% to 62% in Lao People’s Democratic Republic; and from 12% to 62% in Indonesia.
How poorer countries can achieve digital transformation | World ...
2024年3月27日 · Moreover, the Digital Trade for Africa initiative jointly launched by the WTO and the World Bank on the margins of the 13 th Ministerial Conference of the WTO last month in Abu Dhabi could be a game-changer for many African LDCs. Through this initiative, LDCs such as Benin, Burkina Faso, Rwanda and Togo, which have joined it, can attract ...
Saudi National Bank (SNB) | World Economic Forum
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or …
National Development Banks: What they are, why they matter
2019年5月16日 · NDBs were strongly counter-cyclical in the wake of the global financial crisis. According to World Bank data, NDBs increased their lending from $1.16 trillion in 2007 to $1.58 trillion in 2009. This 36% increase was far greater than the growth in private bank credit in the same countries over that period.
Why AI is Southeast Asia's new engine for profitable growth
2024年11月21日 · Several countries are making strides in developing their own national AI frameworks. Funding for research and development is ramping up, and regulatory sandboxes allow for experimentation. This proactive approach is cultivating a favourable environment for AI innovation and attracting investment from both local and international players.