[Khmer Times]: National Bank of Cambodia (NBC) Governor Dr Chea Serey received Steven Pang Chee Wee, Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to the Kingdom of Cambodia, at the NBC headquarters yesterday.

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 collaboration between the two countries’ credit bureaus.

They also exchanged views on the global economic outlook, emerging challenges, and Cambodia’s economic conditions.

On the occasion, the Singaporean Ambassador praised the rapid development of Cambodia’s digital payment system and the convenience of cross-border QR code payments in the Kingdom.

For her part, 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 in strengthening measures to prevent and combat online fraud and cross-border financial crimes involving technology.