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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

CSS Launched to Make Interbank Transactions Easier

  • Posted Jul 6, 2023 15:28 by EAC News
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PHNOM PENH: The National Bank of Cambodia (NBC) officially launched the Cambodian Shared Switch (CSS) system on July 4 in an effort to modernize payment systems as Cambodia’s economy develops.

Dr. Chea Serey, Deputy Governor of NBC launched the CSS initiative in a ceremony and said that customers will be able to conduct interbank payment transactions via CSS debit card on all ATMs and points of service.

Through CSS, customers at any member bank ATM will be able to make interbank transactions such as cash withdrawal, fund transfer, balance inquiry, account statement, quick payment services and so on with the current 40 member institutions.

The official launch of CSS will provide more options for customers to make payments across institutions, increase transparency of electronic payments, reduce money in circulation, increase efficiency in the use of financial resources, and contribute to the development of the digital economy in line with government policies and regional integration, underlined NBC.


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