ANZ reports rapid take-up of cash platform in Cambodia

Cambodia is still a heavily cash-based society, but ANZ Royal Bank says local companies are now taking advantage of new cash management services such as multi-currency transactions, bulk payments processing and sweeps.
Stephen Higgins, ANZ Royal Bank
Stephen Higgins, ANZ Royal Bank

The financial services sector in Cambodia has been developing at a rapid pace over the past few years. When Australia-based ANZ established its joint-venture with local Royal Group in 2005, there was only one automated teller machine (ATM) in the entire country. Now there are a few hundred, with ANZ Royal Bank’s 130-strong ATM network the largest.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media