Cambodia Revokes Payment Firm License Amid Unlicensed Platform Scrutiny
Cambodia's central bank has revoked the license of payment service provider Tian Xu International Technology, following concerns over an unlicensed platform misusing the national QR payment brand. A liquidator has been appointed to oversee customer repayments.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- European Residency Investment Seminar to be Held in Phnom Penh
Isaford Immigration will host a seminar in Phnom Penh on November 6, focusing on European residency and investment opportunities. The event will explore pathways through investment and business visas, with a particular emphasis on Italy, Portugal, and Hungary.
- Wing Bank Launches WingGen to Empower Young Cambodians Financially
Wing Bank has launched WingGen, a new financial platform aimed at enhancing financial management skills among young Cambodians. The platform also includes features for parental oversight, fostering financial literacy for the next generation.
- Cambodia's Banking Sector Needs 'Ten Commandments' for Trust
Amidst bank failures and U.S. sanctions in Cambodia, a banking industry expert has proposed 'Ten Commandments for Banking' to restore trust. The proposal emphasizes the importance of addressing customer anxieties, such as the inability to withdraw deposits, by promoting ethical practices and sound management.
- Cambodia Creates Nearly 90,000 Job Opportunities for Returning Migrant Workers and Job Seekers
Cambodia's Ministry of Labour and Vocational Training has announced nearly 90,000 job opportunities nationwide for returning migrant workers from Thailand and domestic job seekers. Opportunities are available in sectors including agriculture, industry, and services, with information accessible through ministry publications and a hotline.