- KB국민은행, 캄보디아 중앙은행과 함께 국가간 QR코드 기반 지급결제시스템 구축한다 > 뉴스 - 스타트업 커뮤니티 씬디스
- 캄보디아 중앙은행과 QR코드 기반 지급결제시스템 구축 및 운영을 위한 업무협약 체결시스템 구축 시 자국 모바일뱅킹 플랫폼으로 국가간 결제 가능,…, 스타트업에 종사하시는 여러분들의 놀이터 씬디스는 스타트업 커뮤니티 입니다.
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KB Kookmin Bank to Build Cross-border QR Code-based Payment System with the Central Bank of Cambodia
Post summarized by durumis AI
- KB Kookmin Bank has enhanced financial accessibility between the two nations by signing an agreement with the Central Bank of Cambodia to establish a QR code-based payment system.
- This system will enable convenient payments using mobile banking in both Korea and Cambodia, leading to improved convenience for tourists and workers.
- KB Prasac Bank will serve as the settlement bank, and KB Kookmin Bank plans to strengthen its position in the Cambodian market and foster the growth of KB Prasac Bank into Cambodia's leading commercial bank.
Cambodia's Central Bank and KB Kookmin Bank Sign MOU for QR Code-Based Payment System Development and Operation
The system is expected to enable cross-border payments through Cambodia's mobile banking platform, enhancing financial convenience for consumers in both countries.
KB Prasac Bank to play a central role in the development and operation of the payment system, including serving as the settlement bank.
KB Kookmin Bank (CEO Lee Jae-geun) announced on the 16th that it has signed a memorandum of understanding (MOU) with the National Bank of Cambodia (NBC) to establish and operate a cross-border QR code-based payment system.
The MOU was part of the Korea-Cambodia Business Forum, held in conjunction with Cambodian Prime Minister Hun Manet's visit to Korea.
The MOU signing ceremony, held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, was attended by Cambodian Prime Minister Hun Manet, Minister of Trade, Industry and Energy Ahn Duk-geun, NBC Governor Chea Serey, KB Kookmin Bank CEO Lee Jae-geun, and officials from both parties.
Through this MOU, KB Kookmin Bank aims to strengthen its financial cooperation with the NBC and contribute to the expansion of payment markets in both countries through the development of a QR code-based payment system.
KB Kookmin Bank expects that the establishment of a QR code-based payment system between Korea and Cambodia will significantly enhance convenience for tourists and workers visiting both countries, as it will enable payments using their own mobile banking platforms without the need for separate currency exchange. The bank further stated that KB Prasac Bank, KB Kookmin Bank's subsidiary in Cambodia, will play a key role in the establishment and operation of the payment system, including serving as the settlement bank (Settlement Bank) responsible for clearing payment funds.
KB Kookmin Bank first entered the Cambodian market in 2009 with the establishment of 'KB Cambodia Bank'. In 2021, it acquired a 100% stake in 'Prasac Microfinance' and made it a wholly-owned subsidiary. In July of last year, it received approval from the National Bank of Cambodia to merge 'Prasac Microfinance' and the commercial bank 'KB Cambodia Bank' into a unified commercial bank. Subsequently, it obtained final approval from the Cambodian Ministry of Commerce in August of the same year, leading to the establishment of 'KB Prasac Bank'.
In February, KB Prasac Bank held a grand opening ceremony in Phnom Penh, Cambodia's capital, attended by NBC Governor Chea Serey, Cambodian Ambassador to Korea Chieng Botumrangsey, KB Financial Group Chairman Yang Jong-hee, and KB Kookmin Bank CEO Lee Jae-geun.
KB Prasac Bank plans to serve as a bridge connecting rural areas, its current core business region, and urban areas, a new target market, through financial services, aiming to become Cambodia's No.1 commercial bank. It also plans to introduce products tailored to the characteristics of customers in each region, such as microloans for farmers and fishermen, loans to support small and medium-sized enterprises, and housing loans for the middle class.
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