Phnom Penh (FN), Dec. 20 – Cambodian Prime Minister Hun Manet reminded banks to pay attention to tightening the security systems, speaking on Wednesday (Dec. 20) during an official inauguration of Wing Bank headquarters.

"The (digital) payment system is critically important, necessitating not only security, speed, and efficiency but also safety," said the premier. "The use of digital platforms poses risks if not adequately secure. The World Bank has shared experiences where hackers can compromise and disrupt systems. Therefore, prioritizing investment in defence systems is significant to prevent unauthorized access and potential financial losses. Investing in the banking system will also contribute to fortifying our e-government initiatives."

On the occasion, Samdech Thipadei Hun Manet highlighted the National Bank of Cambodia's efforts in modernizing multiple banking systems, incorporating diverse payment methods through QRCode to facilitate easier transactions for various services. While acknowledging the convenience of digital systems, the premier also underscored the importance of prioritizing and maintaining a tightened security system.

The National Bank of Cambodia (NBC) has successfully initiated QRCode cross-border payments with Thailand, enabling seamless transactions between the two nations. Cambodia is committed to expanding this collaboration to include Laos, China, and India. In a recent development, the NBC, in partnership with the State Bank of Viet Nam, officially introduced QRCode cross-border payments, enhancing financial connectivity between Cambodia and Viet Nam.
=FRESH NEWS