Cambodia has over USD 22 billion in currency circulation and digital literacy is on the rise. The UN Economic and Social Commission for Asia and Pacific reports that 15.6 percent of the population made or received digital payments during 2019, demonstrating a rapid increase in demands for digital infrastructure.
The Southeast Asian nation’s commercial bank aims to capture a sizeable market share of tech-savvy consumers as well as those who prefer brick-and-mortar banking experiences. This strategy will see Oriental Bank engaging in a 60 percent digital – 40 percent conventional banking approach.
BPC SmartVista’s platform will be used to power the digital banking experience from Know Your Customer onboarding, deposit account opening, and funds transfers. It will also be used to power end-to-end payment experiences, including QR codes, card issuing, digital loan applications, and other self-service banking channels such as ATM Driving Services.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now