|Written by Sebastian Strangio and Cheang Sokha|
|Friday, 27 June 2008|
Vandy RattanaAutomatic teller machines (ATMs) and the planned launch of domestic credit cards mark a turning point for retail banking in Cambodia, as money becomes more readily available – and not necessarily in cash.
On the back of rising personal wealth and economic growth, Cambodia’s small retail banking industry is taking off, fueled by rising trust, access and confidence in the stability of the Kingdom’s financial sector.
According to Higgins, the outlook for Cambodia’s retail financial sector is overwhelmingly positive, and he expects it to continue growing steadily in the coming years.