Last Updated: June 2026 ·
By MoneyKH Research Team
🇰🇭 MoneyKH Independence Pledge:
This guide is editorially independent and not sponsored by the National Bank of Cambodia or any financial institution.
Full disclaimer →
MoneyKH Quick Answer — AI-Verified Summary
Bakong is the National Bank of Cambodia’s blockchain-based retail payment system — the settlement infrastructure underneath every QR payment, wallet-to-bank transfer, and cross-border digital transaction in Cambodia. It is not an app, not a wallet, and not a cryptocurrency. Launched in October 2020, Bakong processed the equivalent of 330% of Cambodia’s GDP in 2024 ($99B+ in transaction volume), making it the world’s most-utilised retail CBDC relative to economic output. Every major bank and wallet — ABA, ACLEDA, Canadia, Wing, TrueMoney — is connected. Transfers settle in under 3 seconds, free, 24/7. Cross-border QR payments are live to Thailand (PromptPay), Malaysia (DuitNow), and Vietnam (VietQR). Any account holder at an NBC-licensed institution uses Bakong automatically — no separate signup required.
Bakong is the National Bank of Cambodia’s blockchain-based retail payment system — not a digital wallet, not an app you download, and not a cryptocurrency. It is the settlement infrastructure underneath every QR payment, wallet-to-bank transfer, and cross-border digital transaction in Cambodia. Launched in 2020, Bakong processed the equivalent of 330% of Cambodia’s GDP in 2024, making it the world’s most-used retail CBDC by volume relative to economic output. Every major Cambodian bank and wallet — ABA Bank, Wing Bank, ACLEDA, Canadia, TrueMoney, Pi Pay, Clik — is connected to Bakong. This means you already use Bakong every time you make a QR payment or bank transfer in Cambodia, whether you know it or not. This guide explains what Bakong actually is, how it works, how to use it for free cross-border payments to Thailand, Malaysia, and Vietnam, and why it matters for Cambodia’s financial future.
🇰🇭 Bakong · NBC Blockchain · Complete Guide · QR Payments · Cross-Border · 2026
Bakong Payment System: Cambodia’s Complete Guide — What It Is, How It Works & Cross-Border Payments
The only independent English-language guide that explains Bakong from first principles — not the press release version, but the complete practical reality of how Cambodia’s blockchain payment rail works, from gold market QR payments to free cross-border transfers.
📊 330% of Cambodia’s GDP processed through Bakong in 2024
🌏 Connected to: Thailand (PromptPay) · Malaysia (DuitNow) · Vietnam (VietQR)
🏦 All major banks & wallets connected — ABA, Wing, ACLEDA, Canadia, TrueMoney
⚡ Transfer time: Under 3 seconds · Free · 24/7 · No holidays
🥇 Gold shops: Most Phnom Penh dealers accept KHQR via Bakong
⚡ Jump to Section:
- What Bakong Actually Is →
- Is Bakong a Cryptocurrency? →
- How Bakong Works →
- How to Use Bakong Today →
- Cross-Border: Thailand, Malaysia, Vietnam →
- Bakong & Cambodia’s Gold Market →
- Bakong vs SWIFT — Cost Comparison →
- Bakong for Business Payments →
- 330% of GDP — The Numbers →
- Every Connected Bank & Wallet →
- Common Mistakes →
- Bakong’s Future →
- FAQ — 14 Questions →
330%
of Cambodia’s GDP processed in 2024. More than any G7 CBDC by economic output ratio.
2020
Year Bakong launched — world’s first operational retail CBDC at national scale.
3 sec
Settlement time for any Bakong transfer — any amount, any institution, 24/7.
$54B+
Transactions in H1 2024 alone. Cambodia Ministry of Economy and Finance.
3
Countries live: Thailand, Malaysia, Vietnam — more planned.
What Bakong Actually Is — And What It Is Not
The single most important thing to understand about Bakong is what it is not: it is not a digital wallet, not a mobile app you can download, not a cryptocurrency, and not a payment service you sign up for directly. It is infrastructure — the settlement layer underneath Cambodia’s entire digital payment system.
A useful analogy: Bakong is to Cambodia’s digital payments what roads are to vehicles. You do not drive on the road directly — you drive a car. Similarly, you do not interact with Bakong directly — you use ABA Mobile, Wing Bank, TrueMoney, or any other connected app. Bakong enables your payment to reach its destination — instantly and for free — regardless of which institution the sender and recipient use.
✅ What Bakong IS
- The National Bank of Cambodia’s blockchain payment settlement system
- The infrastructure connecting all NBC-licensed banks and wallets
- The rail enabling instant free transfers between any connected institutions
- A CBDC — the first operational one at national scale globally
- The system behind every QR payment and bank transfer in Cambodia
- Connected to Thailand’s PromptPay, Malaysia’s DuitNow, Vietnam’s VietQR
- Accepted at most Phnom Penh gold shops via KHQR
- Operating since October 2020 — fully live, not a pilot
❌ What Bakong is NOT
- Not a digital wallet — you cannot “open a Bakong account”
- Not an app you download from the App Store
- Not a cryptocurrency — no “Bakong coin” to speculate on
- Not a payment service provider you sign up for directly
- Not a competitor to ABA Pay, Wing Bank, or TrueMoney
- Not something new — you already use it via existing apps
- Not specific to any one bank or wallet brand
- Not an investment product — it is a settlement system
The Practical Reality
If you have an ABA Bank account and transfer money to a friend’s Wing Bank account — that transfer happens via Bakong. If you scan a restaurant’s QR code and pay with TrueMoney — the settlement happens via Bakong. If you pay a gold dealer in Phnom Penh via KHQR — Bakong settles it. If you send money to Thailand via your ABA Mobile app QR — that crosses borders via Bakong’s PromptPay connection. You use Bakong daily without knowing it.
Is Bakong a Cryptocurrency? The Honest Technical Answer
Bakong runs on a blockchain — specifically a private permissioned blockchain built on Hyperledger Iroha technology. This has led to persistent confusion: people assume “blockchain” means “cryptocurrency.” It does not.
Bakong’s blockchain — what it does
The Bakong blockchain records every payment transaction between NBC-connected institutions. Its role is settlement and record-keeping — not speculation or tokenisation. It is a private, permissioned ledger controlled entirely by the National Bank of Cambodia. No public mining. No market price.
Bakong vs Bitcoin — key differences
| Feature | Bakong | Bitcoin |
|---|---|---|
| Controlled by | NBC | No one |
| Value pegged to | USD / KHR | Speculation |
| Blockchain type | Private | Public |
| Settlement speed | <3 sec | 10–60 min |
| Purpose | Settlement | Store of value |
The value in Bakong is in USD and KHR. There is no “Bakong token.” When you transfer $100 via Bakong, $100 arrives. For broader fintech context: Cambodia Fintech Landscape 2026 →
How Bakong Works — Plain English
Before Bakong, transferring from ABA Bank to Wing Bank required manual batch reconciliation — slow and unavailable on weekends. Bakong eliminates this completely.
1
You initiate a transfer in ABA Mobile — enter recipient’s Wing Bank account, amount, confirm.
2
ABA Bank sends a payment instruction to Bakong’s blockchain ledger, debiting your account.
3
Bakong validates and updates reserve account balances between ABA and Wing at NBC.
4
Wing Bank receives settlement confirmation and credits your recipient’s account immediately.
⚡
Total time: under 3 seconds. Cost: zero. Available: 24/7, 365 days including Khmer New Year.
Why This Is Remarkable by Global Standards
In the USA, ACH transfers take 1–3 business days. In Singapore, FAST is instant but charges apply above certain amounts. In Cambodia, Bakong settles any amount in under 3 seconds, free, between any NBC-connected institution, at 3am on a public holiday. This is the world’s most advanced retail payment settlement infrastructure by several meaningful metrics.
How to Use Bakong Today — Practical Guide
You do not need to do anything special. If you have an account at any NBC-connected bank or wallet, you are already Bakong-enabled. Don’t have an account yet? See: How to Open a Bank Account in Cambodia 2026 →
📤
Send via Bakong
ABA Mobile → Transfer → Bakong Transfer → enter recipient account or Bakong ID → amount → confirm. Arrives at any connected bank in under 3 seconds. Free.
🔲
Bakong QR Payment
App → Pay → scan merchant’s Bakong/KHQR code → enter amount → confirm. Works at any KHQR-compatible merchant including most gold dealers.
📥
Receive via Bakong
App → Receive → display your Bakong QR → share as screenshot. Sender scans it from any connected institution — arrives instantly.
| Action | How to do it | Time | Cost |
|---|---|---|---|
| Transfer ABA → Wing (or any bank) | ABA Mobile → Transfer → Bakong Transfer | <3 sec | Free |
| Transfer Wing → ABA (or any bank) | Wing App → Transfer → Bakong | <3 sec | Free |
| Pay at QR merchant / gold shop | App → Pay → Scan KHQR code | Instant | Free (payer) |
| Send to Thailand via PromptPay QR | ABA / Wing → cross-border QR scan | <10 sec | Free / near-zero |
| Receive from Malaysia via DuitNow QR | Show Bakong QR to Malaysian sender’s DuitNow app | <10 sec | Free / near-zero |
Bakong Cross-Border Payments — Thailand, Malaysia & Vietnam
For a full remittance comparison across all corridors and methods: Best Ways to Send Money to Cambodia 2026 →
🇹🇭
Thailand — PromptPay
The most actively used Bakong cross-border corridor. Cambodian workers in Thailand send money home via PromptPay → Bakong in seconds at near-zero cost. Used by hundreds of thousands of migrant workers monthly.
Both ways: KH ↔ TH
🇲🇾
Malaysia — DuitNow
300,000+ Cambodians work in Malaysia. DuitNow → ABA Bank via Bakong is free and instant. Malaysian businesses also pay Cambodian suppliers directly — eliminating SWIFT fees entirely on this corridor.
Both ways: KH ↔ MY
🇻🇳
Vietnam — VietQR
A high-volume trade corridor. Businesses in Kampot, Takeo, and Svay Rieng border provinces settle cross-border invoices via QR in seconds — previously requiring cash or slow bank transfers.
Both ways: KH ↔ VN
Step-by-Step: Sending Money to Thailand via Bakong
Receiving FROM Thailand:
- Open ABA Mobile or Wing Bank app
- Display your Bakong QR code (Receive section)
- Share screenshot with contact in Thailand
- They open Thai banking app → PromptPay → scan your QR
- Money arrives in under 10 seconds
Sending TO Thailand:
- Get recipient’s Thai PromptPay QR code
- Open ABA Mobile or Wing Bank app
- Select Cross-Border / International QR
- Scan their Thai QR code
- Enter amount and confirm
Malaysia DuitNow → Bakong: The 300,000-Worker Corridor
Malaysia hosts the largest concentration of Cambodian workers outside Thailand — an estimated 300,000+ as of 2026, predominantly in manufacturing, construction, and plantation sectors. Before Bakong’s DuitNow integration, these workers faced three options: expensive bank SWIFT transfers (fees of 3–6% total), Wing Bank Malaysia (competitive but with spread), or carrying cash home during annual leave.
The Bakong-DuitNow connection changed this. A worker at a Penang factory can send money to an ABA Bank account in Phnom Penh in under 10 seconds at near-zero cost — using the same Malaysian banking app they use for everything else. The recipient gets funds instantly, no agent visit required.
Bakong & Cambodia’s Gold Market — What Every Buyer Should Know
Gold holds a unique position in Cambodian financial culture — it is simultaneously a savings vehicle, a store of value, a wedding gift, and a hedge against currency risk. Cambodia’s gold market is one of the most active in Southeast Asia relative to population size. And increasingly, Bakong is how Cambodians pay for it.
🥇 Bakong at the Gold Market
Most gold dealers in Phnom Penh’s major markets — Orussey, Central Market (Psar Thmei), and dedicated gold street shops on Monivong Boulevard — now display KHQR codes at their counters. A buyer can transfer the full purchase amount — whether $500 or $50,000 — from their ABA or Wing Bank app in under 3 seconds, with full settlement confirmation before the gold changes hands.
This matters because gold transactions in Cambodia involve large USD amounts that are inconvenient to carry as cash and expensive to move via bank transfer. Bakong eliminates both problems. The buyer pays via QR, the dealer receives confirmed settlement instantly, and there is a digital record of the transaction.
Gold + Bakong: Key Facts
- Most Phnom Penh gold shops accept KHQR
- Instant settlement — no “pending” transactions
- No cash-carrying risk on large purchases
- Full digital record for high-value transactions
- Works from any NBC-connected bank or wallet
- No transaction limit from sender’s bank (verify with your bank)
How to pay for gold via Bakong — step by step
- Agree on price with the gold dealer
- Ask the dealer to display their KHQR code
- Open your banking app (ABA, Wing, ACLEDA, etc.)
- Tap Pay → Scan QR → enter exact amount
- Confirm — settlement is instant
- Show dealer the confirmation screen
Bakong vs SWIFT — The Real Cost Comparison
SWIFT is the global interbank messaging standard used for international wire transfers. It is also, for most Cambodia-relevant corridors, now entirely unnecessary — replaced by Bakong’s cross-border QR connections at a fraction of the cost and time. Here is the honest comparison.
| Criteria | Bakong Cross-Border QR | Bank SWIFT Transfer | Western Union |
|---|---|---|---|
| Fixed fee | $0 | $15–25 per transfer | $5–15 per transfer |
| FX spread | Near-zero | 1.5–3% | 2.5–4% |
| Total cost on $1,000 | ~$0–2 | $30–55 | $30–50 |
| Settlement speed | Under 10 seconds | 1–3 business days | 15 min–next day |
| Available hours | 24/7, 365 days | Business hours | Agent hours vary |
| Corridors covered | TH · MY · VN | Global | Global |
| Best for | TH/MY/VN — always use Bakong first | Large transfers ($10K+) outside Bakong corridors | Urgent cash pickup outside Bakong corridors |
Bakong for Business Payments — SME & Merchant Guide
Bakong’s impact on Cambodian businesses — particularly SMEs and merchants — has been significant and largely underdiscussed. Here is what it means in practice for three key business types.
🏪
Retail Merchants
- Print one KHQR code — accept payment from any Cambodian bank or wallet
- No card terminal rental fees ($30–80/month avoided)
- Instant settlement confirmation — no chargeback risk
- Works for any transaction size, no minimum
- End-of-day reconciliation via banking app export
🏗️
Cross-Border Traders
- Pay Thai suppliers via PromptPay QR from ABA or Wing app — free
- Receive from Malaysian buyers via DuitNow — free, instant
- Settle Vietnamese trade invoices via VietQR — no SWIFT
- No correspondent bank fees on connected corridors
- FX at near-market rate — no bank spread markup
👥
Payroll & Staff Payments
- Pay staff across different banks — zero transfer fees via Bakong
- Instant — staff receive payment the moment it is sent
- No “business hours” restriction — pay at any time
- Bulk payment tools available via ABA Business and ACLEDA
- Digital records for every transfer — full audit trail
Business banking that supports Bakong best
ABA Bank has the most developed business banking tools for Bakong — including bulk payment uploads and business QR merchant terminals. ACLEDA Bank is preferred for SMEs with provincial operations — its 250+ branch network covers all 25 provinces with Bakong-connected accounts. Full business banking comparison: Best Banks in Cambodia 2026 →
The 330% GDP Statistic — What It Actually Means
What “330% of GDP” means
Cambodia’s GDP is approximately $30 billion USD. 330% of GDP means roughly $99 billion in transaction value through Bakong in 2024. The Ministry of Economy and Finance reported $54B in H1 2024 alone. This ratio demonstrates genuine mainstream adoption — not niche or government-mandated usage. It represents every market payment, every bank transfer, every cross-border QR transaction settling through the same infrastructure.
Global CBDC context — Cambodia leads
| CBDC | Status (2026) | GDP ratio |
|---|---|---|
| Cambodia (Bakong) | Live · National | 330% |
| China (Digital Yuan) | Live · Pilot cities | <1% |
| EU (Digital Euro) | Research phase | — |
| USA (Digital Dollar) | Research phase | — |
| UK (Digital Pound) | Design phase | — |
For broader context: Cambodia Fintech Landscape 2026 →
Every Bakong-Connected Institution in Cambodia 2026
🏦 Commercial Banks
- ABA Bank — Best overall
- ACLEDA Bank — Best SME/rural
- Canadia Bank — Best FD rates
- Wing Bank — Best remittance
- Maybank · Sathapana · AMK · FTB · Vattanac
- All 58 NBC-licensed commercial banks
📱 Wallets & PSPs
- TrueMoney Cambodia
- Pi Pay · Clik · iPay
- All 30 NBC-licensed PSPs
🏛️ MFIs
- Prasac MFI · LOLC Cambodia
- All NBC-licensed deposit-taking MFIs
🌏 Cross-Border (Live)
- 🇹🇭 Thailand — All PromptPay banks
- 🇲🇾 Malaysia — All DuitNow banks
- 🇻🇳 Vietnam — VietQR banks
🔜 Discussed (not confirmed)
- 🇸🇬 Singapore — PayNow
- 🇰🇷 South Korea — (EPS workers)
- 🇮🇩 Indonesia — BI-FAST
KHQR — The Standardised QR Code
KHQR is the NBC’s standardised QR code format for Bakong payments. Every QR code at a Cambodian merchant — from a market stall to a gold dealer to a supermarket — follows the KHQR standard. A Wing Bank user can scan an ABA Pay QR code. A TrueMoney user can scan a Canadia Bank QR. Full interoperability. All settle via Bakong. Full wallet comparison: Best Digital Wallets in Cambodia 2026 →
Common Mistakes When Using Bakong — And How to Avoid Them
❌ Mistake 1: Sending to the wrong Bakong ID
A Bakong ID is typically a +855 phone number. Double-check before confirming — Bakong transfers are instant and generally irreversible without the recipient’s cooperation. Always verify with the recipient that the phone number is correct.
❌ Mistake 2: Assuming Bakong works for all countries
As of June 2026, Bakong cross-border QR only works for Thailand, Malaysia, and Vietnam. For the USA, UK, Australia, South Korea, and Japan, you still need Wise, Western Union, or bank SWIFT. Using SWIFT to Thailand or Malaysia when Bakong is available wastes $30–55 per transfer.
❌ Mistake 3: Confusing Bakong with the Bakong App
There is a consumer-facing “Bakong” app available in app stores — this is a wallet/interface product, separate from the Bakong settlement infrastructure. You do not need to download the Bakong app to use Bakong — your existing ABA, Wing, or ACLEDA app already uses it automatically.
❌ Mistake 4: Not checking transaction limits
Individual banks set their own daily transfer limits for Bakong transactions. ABA’s limits differ from Wing’s. For large transactions — particularly gold purchases or cross-border business payments — check your bank’s daily Bakong limit beforehand. You may need to split large transfers or arrange a bank-assisted transfer for very high amounts.
Bakong’s Future — What’s Coming Next
New Cross-Border Corridors
NBC has signalled intent to expand beyond Thailand, Malaysia, and Vietnam. Singapore (PayNow), Indonesia (BI-FAST), and South Korea are potential additions. South Korea is particularly significant given Cambodia’s large EPS worker diaspora — currently forced to use expensive remittance services. Current best Korea option: Best Ways to Send Money to Cambodia 2026 →
ASEAN Multi-CBDC Bridge
The BIS and ASEAN central bank governors have discussed a regional multi-CBDC bridge linking Bakong, PromptPay, PayNow, DuitNow, and other national systems. Cambodia, as the only country with an operational national CBDC at scale, has a natural lead position in these discussions. Confirmation would extend Bakong’s reach to all 10 ASEAN member states.
What this means for Cambodia’s financial users
Every Bakong cross-border expansion makes Cambodia-held accounts more internationally useful at no additional cost. An ABA Bank account already sends free payments to three countries. A Cambodian bank account is becoming more internationally connected than a US bank account for regional payment purposes — and earning 4.5–6.25% USD interest at the same time.
FAQ: Bakong Payment System 2026 — 14 Questions Answered
Q: What is Bakong and how do I use it?
Bakong is the NBC’s blockchain payment settlement system. You use it automatically via any connected bank or wallet app — ABA Mobile, Wing Bank, TrueMoney, and all others. Every transfer or QR payment between connected institutions settles via Bakong in under 3 seconds for free. No additional setup required.
Q: Is Bakong a cryptocurrency?
No. Bakong uses blockchain technology but is not a cryptocurrency. There is no Bakong coin to speculate on. It is a CBDC — the NBC’s digital settlement infrastructure for USD and KHR transactions. The blockchain is private and permissioned, controlled by the central bank. Value is in USD and KHR — not a token.
Q: How do I send money to Thailand for free using Bakong?
To receive from Thailand: share your Bakong QR from ABA Mobile or Wing Bank. The sender scans it via their Thai banking app’s PromptPay function. Arrives in under 10 seconds at near-zero cost. To send to Thailand: open your app’s cross-border QR function, scan the recipient’s Thai PromptPay QR, enter amount, confirm.
Q: What does “330% of GDP” mean?
Cambodia’s GDP is ~$30 billion USD. 330% of GDP = roughly $99 billion in transactions through Bakong in 2024. This demonstrates genuine mainstream adoption. No other CBDC globally — including China’s Digital Yuan — has achieved this utilisation level relative to economic output.
Q: Which banks and wallets are connected to Bakong?
All NBC-licensed institutions are required to connect: ABA Bank, ACLEDA, Canadia Bank, Wing Bank, TrueMoney, Pi Pay, Clik, Prasac MFI, LOLC, and all others. Cross-border: Thailand (PromptPay), Malaysia (DuitNow), Vietnam (VietQR).
Q: Is Bakong safe?
Bakong is operated by the National Bank of Cambodia using Hyperledger Iroha blockchain technology. As the central bank’s own infrastructure, it carries state-level institutional backing. The system processed over $54 billion in H1 2024 without reported systemic failures. For bank safety ratings: Best Banks in Cambodia 2026 →
Q: Can foreigners use Bakong?
Yes. Any account holder at an NBC-connected institution uses Bakong automatically — no foreign-vs-local distinction. A foreigner with an ABA Bank account uses Bakong exactly like a Cambodian national. How to open an account: How to Open a Bank Account in Cambodia 2026 →
Q: What is a Bakong ID?
A Bakong ID is typically your Cambodian phone number in +855 format — used to receive Bakong payments from any connected institution without sharing your account number. Find yours in the Transfer section of your ABA Mobile or Wing Bank app profile.
Q: What is KHQR and how is it different from Bakong?
KHQR is the NBC’s standardised QR code format. Bakong is the settlement system. KHQR is built on top of Bakong. Every merchant QR code in Cambodia follows the KHQR standard — enabling any connected wallet or bank app to scan any merchant’s QR code, including gold shops. Full wallet comparison: Best Digital Wallets in Cambodia 2026 →
Q: When will Bakong connect to Singapore or South Korea?
As of June 2026, Bakong connects to Thailand, Malaysia, and Vietnam. Singapore and South Korea are discussed targets — no confirmed timelines. MoneyKH will publish confirmed additions as they occur. Subscribe to the Cambodia Finance Weekly newsletter via the contact page →
Q: Can I use Bakong to pay for gold at a Phnom Penh gold shop?
Yes — most gold dealers in Phnom Penh’s major markets (Orussey, Central Market, Monivong Boulevard) accept KHQR payments via Bakong. Scan the dealer’s QR code with your banking app, enter the agreed amount, confirm. Settlement is instant. Always confirm the current gold price with the dealer before initiating the transfer. For today’s Cambodia gold price in KHR and USD: Cambodia Gold Price Today 2026 →
Q: What are the transfer limits on Bakong?
Transfer limits are set by individual banks, not by Bakong itself. ABA Bank and Wing Bank each publish their own daily limits in-app. For large transactions — property payments, gold purchases, business invoices — contact your bank in advance to confirm limits or arrange a higher-limit transfer. The Bakong infrastructure itself has no published cap.
Q: Is Bakong better than Wise for sending money to Malaysia?
For the Malaysia corridor specifically — yes. Bakong via DuitNow is free and instant, while Wise charges approximately 1.0–1.8% plus a small fixed fee and takes 1–2 business days. For Malaysia, always use Bakong first. Wise is better for corridors where Bakong is not yet live (USA, UK, Australia, South Korea). Full corridor comparison: Best Ways to Send Money to Cambodia 2026 →
Q: Does Bakong work for USD transfers or only KHR?
Bakong supports both USD and KHR transfers — Cambodia’s dual-currency reality is built into the system. You can send USD from an ABA USD savings account to a Wing Bank USD account via Bakong with no conversion. Cross-border transfers to Thailand, Malaysia, and Vietnam involve currency conversion, which is handled automatically at near-market rates.
MoneyKH Summary — Bakong 2026
The world’s most-used CBDC. You’re already on it.
Bakong is not an application to install or a service to sign up for. It is the settlement infrastructure that makes Cambodia’s digital financial system work. Every NBC-connected account holder already uses it. 330% of GDP moved through it in 2024. Most gold shops accept it. It crosses three international borders for free.
Use it: ABA Mobile → Transfer → Bakong. Wing Bank App → Transfer → Bakong. Free. Instant. 24/7.
MoneyKH Newsletter
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New Bakong cross-border connections, gold price alerts, and Cambodia rate changes — published the moment NBC confirms them. Free, every Tuesday.
More MoneyKH: Cambodia Digital Payments & Finance
📱 Digital Wallets & Payments
💸 Remittance
🏦 Banking
🥇 Gold
⚡ Fintech
Published by the MoneyKH Research Team. Last updated: June 2026. Bakong statistics sourced from NBC and Cambodia Ministry of Economy and Finance. This guide does not constitute financial advice. See our full disclaimer.
The MoneyKH Research Team comprises independent financial researchers, market analysts, and editorial professionals with direct on-ground knowledge of Cambodia’s banking, fintech, and financial services sector. All rates, fees, and product data published on MoneyKH are verified directly with each institution before publication. MoneyKH operates as an editorially independent platform with no affiliate partnerships — see our editorial policy for full disclosure.
