Top payment methods in Cambodia: A guide on best ways to pay
Wondering what the most popular ways to pay are in Cambodia? Explore the top payment options and choose wisely.
Cambodia, with a population of around 17.35 million people, has a GDP of approximately 49.80 billion making it the 95th largest economy in the world. The official currency of Cambodia is the Cambodian Riel (KHR)
The economy's main drivers are garment and footwear manufacturing, tourism, and construction. It is a member of ASEAN and benefits from preferential trade access to the EU and the US, with China as its largest investor and partner.
| Country | Cambodia |
|---|---|
| Population | 17.35 million |
| GDP (USD) | 49.80 billion |
| Global Ranking | 95th |
| Currency | Cambodian Riel (KHR) |
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What is the main payment method in Cambodia?
The financial landscape in Cambodia is heavily influenced by ABA Mobile, a dominant banking app that has driven digital payment adoption through its seamless QR code payments (KHQR), transfers, and bill payment features. Cash, in both the local Riel and the US Dollar, remains prevalent, with US dollars often used for larger purchases and Riel for smaller transactions and change. Bakong, a central bank-sponsored digital wallet and transfer system, also plays a key role by connecting various financial institutions.
How to pay in Cambodia
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in Cambodia.
| Payment Method | Description | Type |
|---|---|---|
| Wise | Wise provides international money transfer services. It is known for offering transparent, low-cost currency exchange rates and fast transfers. Wise uses the mid-market exchange rate and charges a small, upfront fee, making it a cost-effective alternative to traditional banks for sending money abroad. The platform also offers multi-currency accounts, allowing users to hold and manage money in multiple currencies. | Online/In-person |
| Mobile Money (MTN, Orange) | Mobile money is the dominant digital payment method. MTN Mobile Money and Orange Money are the leaders, used by millions for P2P transfers, bill payments, and merchant payments. | Online/In-person |
| Cash (Central African CFA franc) | Cash is the primary and essential payment method for the majority of the population and for everyday economic activity. | In-person |
| Cards (Visa/Mastercard) | Card usage is low and concentrated in urban centers like Douala and Yaoundé, at hotels, supermarkets, and some formal businesses. | In-person |
| Bank Transfers | Bank transfers are used for B2B and formal transactions but are not a common consumer payment method. | Online |
Is PayPal available in Cambodia?
Yes, PayPal is accepted in Cambodia.
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Whatever you need to buy during your trip, whether it’s a travel adapter, train ticket or an extra bottle of sunscreen, the Wise Multi-Currency Card has you covered.
You can spend like a local in 150+ countries, as this clever contactless card automatically converts currency at the mid-market exchange rate whenever you spend - for just a small conversion fee.
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Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.