Cambodia, Philippines Central Banks Deepen Ties With New Innovation Push

Phnom Penh, Cambodia (Aug. 19, 2025) — The National Bank of Cambodia (NBC) and Bangko Sentral ng Pilipinas (BSP) reaffirmed their commitment to financial innovation and regulatory cooperation during their annual bilateral meeting this week, building on a landmark agreement signed last year.

NBC Governor Dr. Chea Serey and BSP Governor Eli M. Remolona, Jr. convened in Manila, Philippine to review progress under the 2024 Memorandum of Understanding (MOU), which laid the groundwork for collaboration in payment systems, cybersecurity, artificial intelligence, and sustainable finance.

The MOU, signed in Siem Reap on August 19, 2024, formalized a strategic partnership between the two central banks, aiming to enhance cross-border payment connectivity, strengthen banking supervision, and promote digital financial innovation. It also established a framework for technical cooperation and experience sharing across key areas of central banking.

“The NBC and BSP remain committed to fostering innovation while safeguarding customer interests and financial system stability,” Chea Serey said in a social media post marking the anniversary of the agreement. She thanked the BSP delegation for their continued engagement and warm hospitality.

Since the signing, both institutions have ramped up joint initiatives, including knowledge exchanges on macroeconomic trends, digital infrastructure, and human capital development. The partnership reflects a broader regional push to modernize financial systems and align with global standards.

The NBC has positioned cross-border collaboration as a pillar of its financial modernization strategy, with the BSP emerging as a key partner in advancing interoperability, resilience, and inclusive growth across ASEAN.

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