Users of any bank app can now pay for purchases instantly through any QR code with a KHQR label.

With the launch of the National Bank of Cambodia’s KHQR system, users of the bank app can now pay for purchases instantly through any QR code with a KHQR label.

All customers need is an app of their chosen bank installed on their smartphone and they can make payments at any merchant using the KHQR code. With KHQR, customers do not need to worry about carrying cash.

QR payments have proven to be popular in Cambodia because of the ease of use and the level of security it provides.

Bakong, developed by the National Bank of Cambodia (NBC), aims to take the payment system in Cambodia to the next stage by providing a wide range of financial services in an easy, simple, and secure setting. Bakong is part of NBC’s plans to accelerate the digital economy in Cambodia.

The KHQR Code is the only standard QR Code for banking and financial institutions and payment service providers serve the customers for other goods and services settlement in Cambodia through all of the banks in the mobile, Bakong App and can scan other Banks’ KHQR. For example, you only have ABA mobile app but you can transfer your money to other banks by just scanning a QR code. There is no charging fee for QR code transfer.

Currently, there are 44 banks and microfinance available on the KHQR Code. Check here for more information.