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Cambodia’s payment system is changing quickly. There is a mix of cash (US dollars and Cambodian riel), bank cards, mobile wallets, a national QR standard (KHQR), and the central Bakong rails. This system is becoming more and more digital.
QR codes and mobile payments are quickly becoming popular with city dwellers and businesses, but cash is still necessary for many routine transactions outside of big cities.
Cash is still widely used across markets, tuk-tuks, street vendors and villages. The Cambodian economy commonly uses US dollars (USD) for larger transactions and Cambodian riel (KHR) for smaller change; many merchants price in USD but give change in riel.
It’s normal and useful for travelers and small enterprises to carry small amounts of USD and riel. (Helpful hint: Don’t use torn USD bills; certain vendors might not accept them.)
Mobile wallets are now a cornerstone of payments in Cambodia. Leading services include ABA Pay / ABA Mobile, Wing Money, Pi Pay, TrueMoney, and the Bakong wallet—many of which let users pay bills, top up phones, transfer P2P and scan merchant QR codes. These wallets are convenient for both consumers and SMEs and are often linked to local bank accounts.
In 2022, the National Bank of Cambodia came out with KHQR, a single QR standard that enables retailers to show one code that works with payments from banks and e-wallets that are part of the system. KHQR makes checkout easier and has led to a big increase in QR transactions.
Digital QR payments now make up a significant part of both retail and P2P payments. Integrating KHQR into a business makes it easier for customers and cuts down on the number of QR stickers needed at the point of sale.
The National Bank of Cambodia started Bakong, a payment system that lets banks lend each other money and lets people send money instantly. It also supports wallet interoperability and KHQR.
Bakong helps make financial inclusion happen by letting people and companies send money between banks and wallets in real time for free. Some banks offer apps that work with Bakong or work with the system to move money right away.
In Cambodia’s fast-growing digital marketplace, payment gateways play a crucial role in connecting businesses with customers. Local gateways such as iPay88, PayWay by ABA, and other trusted partners act as secure bridges between online stores, banks, and e-wallet systems. These gateways allow merchants to accept Visa, Mastercard, UnionPay, and local options like ABA Pay Cambodia, Wing, and Truemoney Cambodia, making online shopping more convenient for both local and international buyers.
A well-chosen payment gateway can determine the success of an e-commerce business. It directly impacts checkout conversion rates, transaction fees, supported payment methods, and settlement speed—all of which influence customer satisfaction and trust.
For instance, PayWay by ABA is popular among Cambodian merchants because it integrates smoothly with websites and
mobile apps, offers quick settlement, and supports multiple currencies. Similarly, iPay88 provides advanced fraud prevention tools and multi-channel payment options, helping online businesses manage risk while maintaining a seamless checkout process.
Who uses what — typical scenarios
Offering multiple options (cash + QR + card) increases sales and accessibility for most
The payment methods in Cambodia now form a pragmatic mix: cash for broad reach, cards for tourists and larger purchases, mobile wallets and KHQR for fast everyday urban payments, and payment gateways for businesses selling online.
For most users and merchants, the best approach is to support multiple methods—this improves convenience, trust and sales while preparing for a steadily more digital future.