Malayan Banking (Maybank) has launched a mobile banking app in Cambodia, the first bank to do so in the country. The app comes with Augmented Reality and QR Code Reader. Maybank said in a statement the launch follows the continued growth of its internet banking service in the country and the success of a similar app introduced in Malaysia in 2014. Maybank Group head of community financial services Datuk Lim Hong Tat, who launched the new app in Phnom Penh, said internet banking has become a trend for many digitally savvy Cambodians who are increasingly comfortable transacting over this channel. Cambodia has close to 24.2 million mobile connections in January 2016 for its 15 million population. In addition, there are some 5 million active internet connections.
