Cambodia Investment Review
At the Rosewood Hotel, the official launch ceremony of the cross-border payment was presided over by H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia, and representative from the Reserve Bank of India. ACLEDA Bank Plc., the first publicly listed commercial bank in Cambodia in partnership with NPCI International Payments Limited (NIPL) is pleased to announce the official launch ceremony of Phase 1 of the Cross-Border QR code payment between the Kingdom of Cambodia and Republic of India – “Indians Scan Cambodia’s KHQR Code.”
This collaboration is intended to expand the scope of digital payments between the Kingdom of Cambodia and the Republic of India while supporting the tourism sectors of both nations. The bilateral digital payment connectivity aligns with the ASEAN vision to promote the digital economy, enhance regional integration, and provide fast, secure, and affordable cross-border payment options. This connectivity will facilitate payments for tourists as well as stimulate trade, business growth, and tourism between the two countries.
Instant and seamless QR transactions
It is worth recalling that ACLEDA Bank has officially offered cross-border QR payment services since 2020 to meet market demands, enabling customers to make instant and seamless QR transactions across the ASEAN region and multiple partner countries. Today’s launch of Phase 1, “Indians Scan Cambodia’s KHQR Code” marks a historic milestone, strengthening regional and international financial connectivity. This cooperation is not merely a technical implementation, but the establishment of a modern “Digital Corridor” between the Kingdom of Cambodia and the Republic of India, strengthening tourism and trade ties between both nations. Through the launch of Phase 1, travelers from India can now easily and securely make payments using their UPI (Unified Payments Interface)-enabled applications across Cambodia’s nationwide network of KHQR merchants. This allows them to pay for goods and services at tourist destinations, restaurants, retail shops, and various other businesses conveniently, instantly, securely, and driving broader financial inclusion in the country.”
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Dr. In Channy, President & Group Managing Director, stated: “ACLEDA Bank Plc. is proud to launch Phase 1 of our cross-border interoperability initiative, enabling Indian travellers to execute secure digital transactions via UPI-enabled applications across our extensive KHQR merchant network. This partnership represents a landmark achievement in our digital transformation roadmap.
By integrating the payment gateways of Cambodia and India, we are removing transactional friction and foreign exchange volatility for travellers. This synergy empowers local merchants by providing direct access to a high-velocity digital market, optimizing liquidity management, and enhancing operational throughput via secure, real-time settlement protocols. Ultimately, this collaboration drives financial inclusion and strengthens the bilateral economic corridor through robust, scalable technology.”
Ritesh Shukla, MD & CEO, NPCI International, said, “At NPCI International, our aim is to extend India’s digital payment innovations to global markets through trusted partnerships. Enabling UPI acceptance in Cambodia marks a significant milestone in this journey. It ensures that Indian travellers enjoy a familiar, secure and seamless payment experience abroad, while Cambodian merchants gain access to millions of digital-first consumers. This collaboration not only strengthens real-time payment connectivity between our two ecosystems but also lays the groundwork for deeper tourism and commercial engagement.”
About ACLEDA Bank Plc.:
ACLEDA Bank has 4 subsidiaries including ACLEDA University of Business Co., Ltd.; ACLEDA Securities Plc.; ACLEDA Bank Lao Ltd.; and ACLEDA MFI Myanmar Co., Ltd. and a representative office in the Republic of the Union of Myanmar. By the end of March 2026, ACLEDA Bank had US$11.85 billion in total assets and US$9.28 billion in total savings deposits with over 6.20 million customers. ACLEDA BANK had more than 0.79 million business partners and 4.89 million ACLEDA Mobile subscribers for ACLEDA Super App.
