Key Facts About
Cambodia
Cambodia
Language
Khmer is the official language, while English is widely used in business, banking, and digital commerce, making Cambodia an accessible market for international merchants.
Population
With over 17 million people and a young, mobile-first population, Cambodia offers a growing consumer market with strong long-term economic potential.
Digital Consumers
Cambodia recorded over 11.65 million social media users in 2024, reflecting a highly connected and digitally engaged consumer base.
Digital Payment
Cambodia has established one of Southeast Asia's most advanced digital payment ecosystems, powered by the Bakong payment network and the national KHQR standard, enabling seamless and interoperable payments across banks and payment providers.
Economy
Cambodia is one of Southeast Asia's fastest-growing economies, supported by manufacturing, tourism, and international trade. The country's dual-currency environment (USD & KHR) and rapid digital payment adoption continue to accelerate financial inclusion and cross-border commerce.
Survey of consumption
Cambodia has built one of Southeast Asia's most advanced digital payment ecosystems. Strong internet adoption and widespread QR payments continue to accelerate digital commerce, while the rapid growth of mobile banking and digital wallets creates new opportunities for businesses entering the local market.
60%+
Internet penetration
47%
KHQR Share of E-commerce Payments
11.65M
Social Media Users
Method of payment
Offline – Cash transactions:
Cash remains widely used across Cambodia, especially in traditional markets and rural areas. Both the Cambodian Riel and the US Dollar are commonly accepted, while digital payment adoption continues to expand nationwide.
Online – KHQR / Bank Transfer:
KHQR accounted for approximately 47% of Cambodia's e-commerce payments in 2024, making it the country's leading online payment method. By the end of 2024, 69 financial institutions supported KHQR payments, enabling broad payment coverage and seamless collections through local banking channels.
Digital Wallet:
Digital wallets are increasingly used for everyday purchases, bill payments and fund transfers. Through the Bakong ecosystem, users can access over 30 million bank accounts and e-wallets, while more than 4.5 million merchants accept KHQR payments nationwide. Leading providers such as Wing Bank, TrueMoney and Pi Pay further expand payment acceptance and support convenient collection and payout services.
