NBC calls for cashless payments

The National Bank of Cambodia (NBC) has urged government ministries, financial institutions and the public to conduct cashless payments via electronic systems where possible to combat the spread of Covid-19.

“To contribute to the prevention of Covid-19, the National Bank of Cambodia encourages financial institutions to reduce the use and issuance of cheques for cash settlements and payments by utilising electronic payment systems where possible,” it said late last week.

Prasac executive vice-president Say Sony said his institution has already put systems in place that allow clients to conduct electronic transactions. “Our clients can electronically transfer up to $100,000.

In full: https://www.phnompenhpost.com/business/nbc-calls-cashless-payments

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