What is Bakong
Bakong is the National Bank of Cambodia’s (NBC) blockchain-based payment system. It allows interoperability between banks and e-wallets so users can transfer money across different providers. Many banks and payment apps in Cambodia are connected to Bakong.
Recent developments
The NBC has continued to expand Bakong adoption and explore digital currency use cases. Updates include clearer technical standards, more participating institutions, and pilot projects. The aim is to make payments faster, cheaper, and more transparent while keeping the system secure and regulated.
Impact on users
If your bank or e-wallet is on Bakong, you may already be able to send and receive money to other participants without extra fees or delays. New features are rolled out gradually. Check with your bank or app for the latest options. The NBC publishes official updates on its website.
What to watch
Expect more banks and wallets to join, and possibly new services such as cross-border or merchant settlement. Regulation will continue to evolve. For day-to-day use, keep your app updated and follow any instructions from your provider about Bakong-related changes.