Blockchain for Banking News

Cambodian central bank exploring blockchain for cross border payments

National Bank of Cambodia
On the 10th October, the National Bank of Cambodia (NBC) partnered with Malaysian Maybank for innovation in cross border payment and remittance. At the time, the central bank stated the two would work on real-time transfers and moving towards a cashless society. Yesterday, it was revealed that the Maybank partnership was exploring blockchain for these goals. The bank’s assistant governor, Serey Chea, spoke to CNBC at the Women’s World Banking Summit. “We’ve been experimenting with [blockchain] domestically for retail payments, but we wanted to see if we can make it happen for cross-border transactions,” she said.

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Image Copyright: National Bank of Cambodia