Logo

Trusted Partner. Market Leader.Underline

IPS Cambodia

Independent Property Services (IPS) has grown to be the premier real estate company in Cambodia, with offices located in Phnom Penh and Siem Reap, providing premium real estate opportunities and catering to the local and expat market since 2009. Whether it is a new residence, commercial space, or land you seek, our property agents can present you with first-rate choices that fit your budget and lifestyle. IPS manages condominiums for rent, houses for rent, and apartments for rent in Phnom Penh, Siem Reap, and other properties are also available for rent and sale throughout Cambodia.

IPS Cambodia
  • Phnom Penh
  • Property Valuations
  • Document Processing Services
  • FAQs
  • Contact Us
  • Property Management
  • Investor's Guide
  • Siem Reap
  • Careers
  • Back to Home

IPS Cambodia – Cambodia’s Premier Real Estate Company.
#182, Street 63, BKK1, Phnom Penh, 120102 | #618, Corner Wat Bo Road and Street 24, Siem Reap, 171204

Phone+855 77 959 861
Emailinquiry@ips-cambodia.com
FacebookXLinkedInWhatsappTelegramYouTubeInstagramTikTok

2024 © IPS Cambodia. All Rights Reserved.

Terms of ServicePrivacy Policy

Cambodia Launches Bakong Mobile Payment System for International Tourists

Author: Vith Viyuth

Published: 2024-07-25

Categories: Cambodia News, Expat Guide, Travel Guide

Bakong For Tourists

Updated: 19 Aug 2024 | In a groundbreaking move, the National Bank of Cambodia (NBC) is set to unveil the Bakong mobile payment system for international tourists , revolutionizing how visitors spend money while exploring Cambodia. NBC Governor Dr. Chea Serey confirmed this exciting development on Friday, July 19.

During the NBC’s semi-annual assembly, Dr. Serey announced that the Bakong system will be promoted at airports and entry points, allowing international visitors to download the app upon arrival.

“Soon, we will have a system for tourists, enabling them to download our application as soon as they arrive. If they do not have a local banking app to transfer money to the Bakong system, they can use credit cards from their home countries, such as Visa, MasterCard, or UnionPay, to do so,” Serey explained.

Bakong Tourist App

The Bakong Tourist app will provide tourists with a seamless, digital, and cashless experience, simplifying their financial transactions in Cambodia .

“Some people often view Cambodia as a poor, small country with nothing to offer. But when they arrive, we want them to use Bakong and manage their spending as easily as our local people,” Serey added.

The application also addresses issues that tourists have faced when using large banknotes, especially in popular destinations like Siem Reap province. The initiative stems from a request by vendors in Siem Reap, who reported difficulties with spending foreign money that was slightly torn or dirty to Prime Minister Hun Manet . He then instructed Dr. Serey to find a solution.

The Bakong Tourist app has been on soft launch since August 19, 2024 . The introduction of Bakong promises to enhance the travel experience for tourists and boost the local economy by making transactions more accessible and efficient .

User Journey For The Bakong Mobile Payment System For Tourists:

1. Download & Register:

  • Download the App: Upon arrival in Cambodia, tourists are prompted to download the Bakong Tourist app from either the App Store or Google Play Store .
  • Register: Tourists register on the app using their email address, completing a simple and quick registration process.

2. Top-Up:

  • Cash: Tourists can top-up their Bakong wallet using cash at designated top-up points, such as airport counters or hotel receptions.
  • Credit Card: Alternatively, tourists can top-up their Bakong wallet using international credit cards like Visa, MasterCard, or UnionPay. Top up fees start at 8000KHR.

3. Scan:

  • Locate KHQR: Tourists can find KHQR (Khmer QR code) payment points throughout Cambodia, including in shops, restaurants, and tourist attractions.
  • Scan to Pay: Using the Bakong app, tourists scan the KHQR code to make payments effortlessly and securely.

4. Manage Remaining Balance:

  • Cash Out: Before leaving Cambodia, tourists can cash out their remaining balance at airports or hotels.
  • Keep for Next Visit: Tourists can choose to keep their balance in the Bakong wallet for future visits to Cambodia.

Related Articles

Property Image

How Koh Pich Became One of Phnom Penh’s Most Important Districts

Over the last decade, Phnom Penh’s skyline has changed dramatically. But if you want to see where the real “new” Phnom Penh is being built, you have to look toward the water. Phnom Penh is one of the few capital cities in the world defined by the meeting of three major rivers: the Mekong, the Tonle Sap, and the Bassac. Historically, these rivers were the lifeblood of trade; today, they are the driving force behind the city’s most prestigious real estate.

LEARN MORE
Property Image

Cambodia Extends 4% Stamp Duty Exemption: What Homebuyers Need to Know Through 2026

The Ministry of Economy and Finance (MEF) recently issued a new notification (dated January 16, 2026) regarding the extension of tax incentives for the real estate sector. Following the recommendations of Prime Minister Hun Manet, this move is designed to alleviate the financial burden on citizens and stimulate growth within the property market through the end of 2026.

LEARN MORE
Property Image

Purchasing Property Through a Trust in Cambodia

Cambodia’s real estate market has seen significant growth and interest from foreign investors. While many prospective buyers begin their journey by asking, “Can foreigners truly own land in Cambodia?”, the reality is that direct freehold ownership for non-nationals is restricted to co-owned buildings (condominiums) above the ground floor. However, since 2019, alternative structures like trusts have offered a safe, legal, and viable pathway to secure landed property.

LEARN MORE
Property Image

How Koh Pich Became One of Phnom Penh’s Most Important Districts

Over the last decade, Phnom Penh’s skyline has changed dramatically. But if you want to see where the real “new” Phnom Penh is being built, you have to look toward the water. Phnom Penh is one of the few capital cities in the world defined by the meeting of three major rivers: the Mekong, the Tonle Sap, and the Bassac. Historically, these rivers were the lifeblood of trade; today, they are the driving force behind the city’s most prestigious real estate.

LEARN MORE
Property Image

Cambodia Extends 4% Stamp Duty Exemption: What Homebuyers Need to Know Through 2026

The Ministry of Economy and Finance (MEF) recently issued a new notification (dated January 16, 2026) regarding the extension of tax incentives for the real estate sector. Following the recommendations of Prime Minister Hun Manet, this move is designed to alleviate the financial burden on citizens and stimulate growth within the property market through the end of 2026.

LEARN MORE
Property Image

Purchasing Property Through a Trust in Cambodia

Cambodia’s real estate market has seen significant growth and interest from foreign investors. While many prospective buyers begin their journey by asking, “Can foreigners truly own land in Cambodia?”, the reality is that direct freehold ownership for non-nationals is restricted to co-owned buildings (condominiums) above the ground floor. However, since 2019, alternative structures like trusts have offered a safe, legal, and viable pathway to secure landed property.

LEARN MORE