National Bank of Cambodia

Of 22 priority actions, 4 are complete and 15 are ongoing, the statement said.

Tourists can use the app to pay at 4.5 million merchants in Cambodia.

But unbacked cryptoassets are not allowed.

Tourists can top up their account by linking it to their Mastercard.

Both parties also reaffirmed their commitment to connect retail payments using QR codes.

The initiative’s first phase has concluded as of 19 September.

The MOU will see the three countries cooperate in financial innovation.

Similar to its namesake, the platform is now the backbone of the country’s digital payments system.