• My Saves
  • My Feed
  • My Interests
  • Advertise
  • Governing Body
  • From The Founder's Desk
  • Contact Us
The Better Cambodia
  • News
    NewsShow More
    Cambodia and Germany Launch Green Growth Initiative in Battambang, Marking 25 Years of Environmental Cooperation
    Cambodia and Germany Launch Green Growth Initiative in Battambang, Marking 25 Years of Environmental Cooperation

    Battambang, Cambodia – The Ministry of Environment and the German Embassy in…

    By
    TBC
    Cambodia Attracts $4.2 Billion in Investments in First Five Months of 2025, Says PM Hun Manet
    Cambodia Attracts $4.2 Billion in Investments in First Five Months of 2025, Says PM Hun Manet

    Phnom Penh, June 20 – Cambodian Prime Minister Hun Manet announced a…

    By
    TBC
    Car Tyre Exports Surge 80% in Early 2025 Amid Manufacturing Expansion
    Car Tyre Exports Surge 80% in Early 2025 Amid Manufacturing Expansion

    Phnom Penh, June 21 — A robust increase in car tyre exports…

    By
    TBC
    UK Joins Mekong River Commission as Development Partner, Strengthens Regional Climate Resilience Efforts
    UK Joins Mekong River Commission as Development Partner, Strengthens Regional Climate Resilience Efforts

    Phnom Penh – In a significant move to address climate vulnerabilities in…

    By
    TBC
    CCDYA and Influencers with 10 Million Followers Join Hands to Promote “Visit Cambodia in the Green Season” Campaign
    CCDYA and Influencers with 10 Million Followers Join Hands to Promote “Visit Cambodia in the Green Season” Campaign

    Phnom Penh — The Cambodia-China Digital Youth Association (CCDYA), in collaboration with…

    By
    TBC
  • Editors Pick
    Editors PickShow More
    Cambodia’s Steady Commitment to Peace and Law in the Face of Border Challenges

    In recent days, changes along the Cambodia–Thailand border have drawn regional attention.…

    By
    Surya Narayan
    Cambodia’s Fiscal Discipline Builds Confidence for Growth and Investment

    Cambodia is steadily earning a reputation for sound financial management and disciplined…

    By
    Surya Narayan
    Cambodia’s Trade Resilience: Turning U.S. Tariff Hikes into Regional Growth Opportunities
    Cambodia’s Trade Resilience: Turning U.S. Tariff Hikes into Regional Growth Opportunities

    On April 2, 2025, U.S. President Donald Trump announced sweeping tariff increases…

    By
    Surya Narayan
    Cambodia’s Rise as a Manufacturing and Investment Hub: A Global Perspective

    In recent years, Cambodia has emerged as a preferred destination for manufacturing…

    By
    Surya Narayan
    Cambodia’s Commitment to Environmental Sustainability

    Cambodia is taking remarkable strides towards environmental conservation, as demonstrated by the…

    By
    Surya Narayan
  • Stories
    StoriesShow More
    The Timeless Tale of Vorvong and Sorvong: A Glimpse into Khmer Folklore

    The epic Khmer folklore of Vorvong and Sorvong stands out, weaving a…

    By
    Surya Narayan
    Empowering Cambodian Youth: Anjali House’s Mission to Shape Futures

    In the heart of Siem Reap, Anjali House, a community learning center…

    By
    Nadalena DeJulio
    Life’s Journey: A Bike Ride Around Tonle Sap Lake

    In a remarkable display of strength and determination, Pheak Keo embarked on…

    By
    Surya Narayan
    Phare Creative Studio: 15 Years of Cambodian Creations for Social Good

    Phare Creative Studio (PCS) is a social business that has been operating…

    By
    Surya Narayan
    Dieng Dorm: The Muffin Man of Siem Reap

    Have you ever heard of the Muffin Man, SiemReap? He lives in…

    By
    Pisey Roeurm
  • Business
    BusinessShow More
    Starbucks Isn’t Just Brewing Coffee It’s Running a Bank in Disguise

    When you think of Starbucks, you probably imagine friendly baristas, cozy interiors,…

    By
    Surya Narayan
    PM Hun Manet Reinforces Pro-Business, Pro-Environment Agenda at Ford Plant Opening

    PURSAT, April 22 – Cambodian Prime Minister Samdech Thipadei Hun Manet reiterated…

    By
    TBC
    Cambodia’s Economy to Grow by 6.1% in 2025 and 6.2% in 2026, Says ADB Report
    Cambodia’s Economy to Grow by 6.1% in 2025 and 6.2% in 2026, Says ADB Report

    Phnom Penh, Apr. 9 – Cambodia’s economy is set to maintain a…

    By
    TBC
    EU and IFAD Announce €80 Million Investment to Modernise Cambodia’s Agricultural Sector
    EU and IFAD Announce €80 Million Investment to Modernise Cambodia’s Agricultural Sector

    The European Union (EU), in collaboration with the European Investment Bank (EIB)…

    By
    TBC
    Cambodia’s Rise as a Manufacturing and Investment Hub: A Global Perspective

    In recent years, Cambodia has emerged as a preferred destination for manufacturing…

    By
    Surya Narayan
  • Opinion Piece
    Opinion PieceShow More
    Cambodia’s Automotive Rise: A New Chapter in Industrial Transformation

    Over the past few decades, Cambodia has undergone a remarkable transition from…

    By
    Jas Sohl
    How Cambodian Entrepreneurs Can Successfully Set Up a Business in the United Kingdom, A Strategic Guide to Growth and Bilateral Benefits

    The United Kingdom continues to be a global leader in business, innovation,…

    By
    Jas Sohl
    Cambodia’s Trade Framework: A Gateway to Global Markets

    Over the past two decades, Cambodia has methodically established a robust regulatory…

    By
    Jas Sohl
    Cambodia’s Cashew Industry, A Future of Growth and Prosperity

    Cambodia’s agricultural sector is experiencing a strong rise in cashew production, making…

    By
    Jas Sohl
    INDO-PACIFIC IN SHARP FOCUS

    Conventional wisdom among scholars and diplomats is that the world cannot afford…

    By
    Dr Mohan Kumar
  • Press Release
    Press ReleaseShow More
    Ucare Expands Footprint With New Pharmacies at the Techo International Airport and in Koh Pich
    Ucare Expands Footprint With New Pharmacies at the Techo International Airport and in Koh Pich

    June 2025, Koh Pich, Phnom Penh – Ucare Pharmacy, Cambodia’s leading pharmaceutical…

    By
    TBC
    Wing Bank Launches a Branch in Koh Kong
    Wing Bank Launches a Branch in Koh Kong

    Wing Bank (Cambodia) Plc has further expanded its nationwide presence with the…

    By
    TBC
    Techo International Airport Welcomes Business Delegation Led by French Ambassador
    Techo International Airport Welcomes Business Delegation Led by French Ambassador

    Phnom Penh, June 8, 2025 - The future Techo International Airport (TIA)…

    By
    TBC
    CIMB Singapore and Wing Bank Forge Strategic Partnership to Boost Cross-Border Financial Services Between Singapore and Cambodia
    CIMB Singapore and Wing Bank Forge Strategic Partnership to Boost Cross-Border Financial Services Between Singapore and Cambodia

    CIMB Singapore and Wing Bank (Cambodia) Plc have entered a strategic partnership…

    By
    TBC
    ASEAN Forum Honours OCIC, Pung Kheav Se, and Thierry Tea for Outstanding Business Impact and Leadership
    ASEAN Forum Honours OCIC, Pung Kheav Se, and Thierry Tea for Outstanding Business Impact and Leadership

    May, 2025, Kuala Lumpur, Malaysia â€” At the ASEAN Leadership & Partnership Forum 2025 in…

    By
    TBC
  • Visit Cambodia
    Visit CambodiaShow More
    Tourism in Cambodia Surges 13.6% with Over 2 Million Visitors in First Four Months of 2025
    Tourism in Cambodia Surges 13.6% with Over 2 Million Visitors in First Four Months of 2025

    Phnom Penh, Cambodia — Despite persistent global uncertainties surrounding geopolitics, economic fluctuations,…

    By
    TBC
    Stung Treng to Host Inaugural Dolphin Festival and Kayak Races
    Stung Treng to Host Inaugural Dolphin Festival and Kayak Races This Weekend

    Stung Treng, Cambodia – In a move to boost sustainable tourism and…

    By
    TBC
    Visak Bochea Day in Cambodia
    Visak Bochea Day in Cambodia: Sacred Ceremony Held at Oudong’s Buddha Stupa

    Oudong, Kandal Province – May 11, 2025: Cambodia observed Visak Bochea Day…

    By
    TBC
    Khmer New Year Celebrated at Cambodian Embassy Event in Nagoya, Japan with Nearly 10,000 Attendees

    The Ministry of Labour and Vocational Training, in collaboration with the Royal…

    By
    TBC
    In Pictures: Angkor Sangkranta 2025 Opened by Prime Minister Hun Manet in Siem Reap
    In Pictures: Angkor Sangkranta 2025 Opened by Prime Minister Hun Manet in Siem Reap

    The Angkor Sangkranta 2025 celebrations were officially inaugurated on Monday, April 14,…

    By
    TBC
  • History
    HistoryShow More
    Cambodia Discovers 67 Fossil Sites in 13 Provinces, Including First Dinosaur Bone
    Cambodia Discovers 67 Fossil Sites in 13 Provinces, Including Its First-Ever Dinosaur Bone

    Major Discovery Highlights the Kingdom’s Ancient Natural Heritage

    By
    TBC
    Top 10 Archaeological Discoveries in Cambodia Since 2000 – Unearthing the Kingdom’s Hidden Treasures

    Cambodia, a land of ancient wonders and rich cultural heritage, has been…

    By
    TBC
    Khmer Script
    Decoding the Cambodian Alphabet (Khmer Script) – One of the World’s Most Intricate Scripts

    The Cambodian alphabet, widely known as the Khmer script, is not just…

    By
    TBC
    The Mandala: A Political Model of Southeast Asian History

    The concept of the "Mandala" in Southeast Asian political history offers a…

    By
    Surya Narayan
    Discovering the Rich Prehistoric Heritage of Laang Spean: Cambodia’s Cave of Bridges

    Laang Spean, located atop the scenic limestone hill of Phnom Teak Treang…

    By
    Surya Narayan
  • 🔥
  • Invest In Cambodia
  • Unsung Heroes/ Impact
  • The Better Asia
  • Agriculture
  • Technology
  • Places to Visit
  • Sustainability
Font ResizerAa
The Better CambodiaThe Better Cambodia
Search
  • Home
  • Stories
  • News
  • Startups
  • Cambodian Brands
  • Unsung Heroes/ Impact
  • Sustainability
  • Artisans of Cambodia
  • Invest In Cambodia
  • Guests Posts
  • The Better Asia
  • Governing Body
  • From The Founder’s Desk
  • Contact us
Have an existing account? Sign In
Follow US
  • My Saves
  • My Interests
  • My Feed
© 2025 TBC Media. All Rights Reserved.
The Better Cambodia > Blog > Invest In Cambodia > Visa and Mastercard will work on technology in the Kingdom
Invest In CambodiaNews

Visa and Mastercard will work on technology in the Kingdom

Surya Narayan
Last updated: March 4, 2023 12:29 am
Surya Narayan
137 Views
Share
4 Min Read
SHARE

Visa Inc. and Mastercard Inc. will develop their payment technology and financial literacy programs to assist small and medium-sized businesses in Cambodia that are anticipated to continue doing business with multinational companies from the world’s largest economy in the future, according to a senior official of a leading business chamber.

A Cambodia Chamber of Commerce (CCC) official said that the development plans were made public on Tuesday at the Peace Palace in Phnom Penh during a meeting between Prime Minister Samdech Hun Sen and a delegation of the US-ASEAN Business Council led by Michael Michalak, the council’s Senior Vice President and Regional Managing Director. 

Michalak stated that the delegation traveled to Cambodia this time to express their support for the post-pandemic economic recovery strategy by looking for methods to help small and medium-sized businesses and industrial firms in the Kingdom.

According to a press release, Prime Minister Hun Sen commended American businesses for saying that relations between Cambodia and the United States are at their peak.

- Advertisement -

Mr. Hun Sen agreed that the amount of trade between Cambodia and the United States has grown a lot. He said that Americans buy products made in Cambodia, which gives Cambodians jobs. During the conference attended by senior governmental and private sector leaders, he told the delegates, “This is what we will push forward.”

Abbott Laboratories, ConocoPhillips, Ford Motor Company, Pfizer Inc., and Vriens & Partners were among the other companies represented at the meeting by top executives from the US-ASEAN Business Council.

Lim Socheat, vice president of CCC, told the Khmer Times that VISA and Mastercard will invest more in the development of their technology in Cambodia so that small and medium-sized businesses can process payments and manage their financial systems more efficiently.

“For instance, when such large firms enter our country, they will want supplies from our small businesses, such as food and spare parts; therefore, these businesses must be developed.” “They want these smaller firms to be more developed and modernised so that they can be more competitive on regional and international markets,” said Socheat.

The Vice President of CCC also pointed out that the RMA Group has built facilities in Cambodia, which will need supplies from small and medium-sized businesses, which are the country’s economic backbone. “These organisations that are investing or plan to invest in our country also consider the growth of these small businesses,” he continued.

“However, I am unclear of the technical details of their payment technology development,” said Socheat, who attended the meeting in person. He added that the US firms would also develop programs to provide financial literacy to small and medium enterprises in collaboration with the country’s central bank and other financial institutions.

Source: Khmer Times

Photos: Facebook page of Samdech Hun Sen, Cambodian Prime Minister

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Sign up for The Better Cambodia's newsletter to receive the latest articles and stories. Stay informed and inspired with our positive content!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any buzzstream.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
BySurya Narayan
Follow:
Founder at The Better Cambodia | Communication Advisor to the Minister attached to the Prime Minister of Cambodia | Marketing Director at True North Lean
Previous Article Insights on This Life: Education and Schools.
Next Article Automobile assembly investments roll into Kingdom
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -

You Might Also Like

News

Cambodian Prime Minister and US Companies Aim to Boost Investment in Cambodia

By
Surya Narayan
BusinessInvest In Cambodia

TBC Global Partners: Driving Cambodia’s Investment Revolution

By
Surya Narayan
37 Agreements Signed as Xi Jinping Strengthens Ties with Cambodia
Bilateral Relations

President Xi Jinping’s Visit Marks New Chapter in Cambodia-China Comprehensive Partnership

By
TBC
News

Kith Meng Urges Australian Firms to Seize Opportunities in Cambodia

By
Surya Narayan
© 2025 TBC Media. All Rights Reserved.
No thanks.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up