Cambodia investment Review
New cross-border functionality enables Singapore e-wallet users to scan and pay across Cambodia, strengthening regional payment connectivity.
As a bank rooted in Singapore and deeply embedded in Cambodia, Phillip Bank is uniquely positioned to it calls home. Backed by decades of financial expertise, the Bank has consistently delivered sophisticated solutions that combine global capabilities with deep local insights.
This initiative is a natural extension of that role. Phillip Bank of commerce and travel between Cambodia and Singapore.
With the introduction of KHQR acceptance for Singapore payment apps, this connection is further strengthened, making it easier for people, businesses, and communities to move seamlessly between the two markets through everyday payments.
Fueled by the close collaboration between Phillip Bank and the National Bank of Cambodia, this initiative makes possible the advancement of this country towards building an inclusive and interoperable digital payment ecosystem, helping to strengthen and encourage trade and tourism between the two countries.
This marks the completion of a two-way payment linkage which began in November 2025 with the launch of RoamQR™, which enabled Cambodian travellers to pay in Singapore using Bakong-linked apps.
With KHQR now accessible to Singapore users, a fully bi-directional payment corridor is successfully established between the two countries.
Mr. Chan Mach, Chief Executive Officer of Phillip Bank, says, “This milestone goes beyond payments — it represents a step forward in ASEAN financial integration. As part of the wider Phillip Capital Group, we are uniquely positioned to connect regional markets through trusted infrastructure and innovation. Strengthening the Cambodia–Singapore corridor reinforces our role in supporting cross-border trade, investment, and the continued growth of interoperable financial ecosystems across the region.”
This joint launch underscores the strong partnership between Cambodia and Singapore in advancing financial technology and payment interoperability. It also aligns with broader regional efforts to build a more connected and cashless ASEAN.
From today, users of RoamQR-connected Singapore-based mobile payment apps can scan KHQR codes at participating merchants across Cambodia. At launch, LiquidPay is available, with additional Singapore-based wallet partners to be progressively enabled. Transactions are processed in Singapore dollars and settled in Cambodian riel, offering a convenient and familiar payment experience.
A formal launch event will be held in Cambodia to commemorate this milestone, with invited guests including representatives from the Embassy of Singapore in Cambodia, and the National Bank of Cambodia.
HOW IT WORKS
Users of RoamQR-connected apps can:
- Scan KHQR codes at Cambodian merchants
- Pay directly using their existing mobile payment apps
- View transparent FX rates before confirming payment
- Complete transactions instantly, without the need for cash exchange
About Phillip Bank
Phillip Bank is a member of the Phillip Capital Group, a Singapore-based financial institution established in 1975. As part of a network spanning more than 15 countries, the Group offers a full spectrum of quality and innovative financial services to retail, corporate, and institutional clients worldwide.
In Cambodia, Phillip Bank stands as a medium-sized commercial bank, operating over 70 branches nationwide. Together with its sister companies Phillip Trustee, Phillip General Insurance, and Phillip Life Assurance; Phillip Bank connects Cambodia’s financial landscape to the world.
Contact the team for more information:
Learn more at www.phillipbank.com.kh or contact our Contact Center team via 086 930 000 / 089 989 818 / 088 465 9999 available 24/7.
