Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia’s Digital Economy

Cambodia’s Digital Economy

Content image - Phnom Penh Post
Cambodia’s Digital Economy

Cambodia’s Digital Economy

Cambodia’s youthful demography and high internet penetration make it fertile ground for digital economy growth.

One of the youngest demographics in the region

A population of approximately 16 million, with a median age of 25 years.

Rapidly growing financial services sector

With 2.65 million debit cards in 2019, a figure that has doubled in five years with sufficient growth to come.

High mobile connection

Cambodia has one of the highest mobile penetration rates in the world, with 20.8 million mobile connections or 124 per cent of the population.

High smartphone penetration

10.7 million smartphones are connected to the internet. Data rates are one of the cheapest in the region at US$1 per 10GB. 4G and 3G coverage is 80 per cent and 85 per cent of the population, respectively.

Internet usage is highly social

By mid-2020, there were 10.8 million Facebook users.

Opportunity in MSME segment

Cambodia has approximately 500,000 micro, small and medium enterprises, of which 95 per cent are informal unregistered businesses. Only a small number of businesses practise appropriate bookkeeping: micro (0.02%), small (3.89%), medium (24.11%).

MOST VIEWED

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro

  • ACLEDA, WU to enable global money transfers

    Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app. In Channy, president and group managing director of ACLEDA, said the June 22 agreement

  • Walmart plans to diversify stock of Cambodia goods

    Walmart Inc, the world’s biggest retailer, on June 22 reiterated recent plans to scale up and greatly diversify its purchases of Cambodian products, according to the labour ministry. This came during a virtual working meeting between Minister of Labour and Vocational Training Ith Samheng and

  • Cambodia detects new Covid cases after 52 days: PM

    After 52 days of zero new Covid-19 cases, Cambodia has now detected new infections, according to Prime Minister Hun Sen. In his special audio address to the nation late on June 28, Hun Sen said the new cases were detected on people who had undergone PCR tests

  • Cotton club growing in Battambang

    The global market for “vegan leather” – materials that act as alternatives to traditional leather that can be synthesised from cork, apple peels, cactus, recycled plastic, grape pomace and pineapple leaves, among other things, and supposedly require no chemicals or water to produce – is expected to