RHB Bank Sets Sights on Expanding Retail, SME and Digital Banking in Cambodia ​

PHNOM PENH, Cambodia (Nov. 17, 2025) — Senior executives from Malaysia’s RHB Bank Group paid a courtesy call on National Bank of Cambodia Governor Dr.Chea Serey on Monday, highlighting the country’s advances in digital payment systems and reaffirming their commitment to expand banking operations.

The delegation, led by Nurjesmi bin Mohd Nashir, Managing Director of Business Banking, and Danny Quah Boon Leng, Managing Director of International Business, met with the governor at the central bank’s headquarters near Wat Phnom.

Quah briefed the governor on the progress of AmBank (Cambodia), a subsidiary of AmBank Group, and commended Cambodia’s development of financial technology infrastructure, particularly the Bakong payment system and its KHQR platform. He said the group remains committed to strengthening operations in Cambodia and investing in human resource development in the banking sector.

Governor Dr.Serey expressed appreciation for RHB Bank’s expansion plans and encouraged the group to continue supporting Cambodia’s agriculture, agro-industry and manufacturing sectors. She also shared perspectives on the country’s economic outlook, the stability of its banking system and the importance of promoting financial transparency.

  
KHQR, launched in 2020 under the National Bank of Cambodia’s Bakong system, is a standardized QR code payment solution that allows customers of any participating bank or e-wallet to make transactions with a single code. Merchants only need one KHQR code to accept payments from multiple institutions, simplifying digital commerce.

The system has been adopted by more than 35 financial institutions, enabling transactions across banks, microfinance institutions and payment service providers. KHQR has reduced transaction costs, encouraged small businesses to embrace cashless payments and supported cross-border payment initiatives, including efforts to link with China’s Weixin Pay for faster remittances.

KHQR is a cornerstone of Cambodia’s financial inclusion strategy, positioning the country as a regional leader in interoperable payment systems and offering international partners like AmBank Group a reliable platform to integrate with Cambodia’s digital economy.