Cambodia FinTech Glossary
Key terms and definitions for Cambodia's digital financial infrastructure, covering the Government-as-a-Platform (GaaP) model, payment systems, digital identity, and regulatory frameworks.
Digital Infrastructure
What is Bakong?
Bakong is Cambodia's blockchain-based CBDC and real-time payment system operated by the National Bank of Cambodia, enabling instant KHR and USD settlement via KHQR.
What is CamDigiKey?
CamDigiKey is Cambodia's national digital identity system enabling eKYC verification, facial recognition authentication, and secure access to government and financial services.
What is CamDX?
CamDX is Cambodia's government data exchange platform built on Estonia's X-Road technology, enabling secure data sharing between government agencies and private sector.
What is KHQR?
KHQR is Cambodia's standardized QR code payment protocol based on EMVCo specifications, enabling interoperable instant payments across all Bakong-connected institutions.
What is Government-as-a-Platform in Cambodia?
Cambodia's Government-as-a-Platform (GaaP) model integrates CamDigiKey, Bakong, CamDX, and CamInvoice into a unified national digital infrastructure stack.
Regulation & Compliance
What is CamInvoice?
CamInvoice is Cambodia's mandatory electronic invoicing system administered by the GDT, requiring businesses to submit UBL XML invoices through a clearance model.
What is the National Bank of Cambodia?
The National Bank of Cambodia (NBC) is Cambodia's central bank, operating the Bakong CBDC, regulating financial institutions, and managing the FinTech regulatory sandbox.
What is the General Department of Taxation (Cambodia)?
The General Department of Taxation (GDT) is Cambodia's tax authority administering CamInvoice e-invoicing, VAT collection, and tax compliance for all registered businesses.
Investment Opportunities
What is Supply Chain Finance in Cambodia?
Supply chain finance in Cambodia is being transformed by CamInvoice verified invoice data and Bakong instant settlement, creating new trade finance opportunities for SMEs.
What is Embedded Insurance in Cambodia?
Embedded insurance in Cambodia leverages KHQR payment rails and CamDigiKey identity verification to distribute micro-insurance products in a market with under 2% penetration.