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Cambodian bank to go digital

Cambodia’s largest bank by branch numbers, Acleda, is moving into digital banking. Its president and group MD in Channy said digital banking has become the global norm and the business plan for next year is to focus on digital banking. This is a medium- and long-term strategy for the bank he added. He also noted that next year would be a milestone due to the arrival of the Asean Economic Community (AEC), which will ease the flow of goods, services and skilled labor throughout the 10-member bloc.The bank expected a revenue of $94 million, but it reached about $100 million.

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