Bakong system or Bakong refers to a real-time electronic payment system which enable customer to perform transactions among bakong members such as transfer fund between Bakong accounts, transfer fund from Bakong account to bank account or E-Wallet, make payment via QR Code, and receive money from other Bakong accounts.
Benefits:
- Perform transaction through smart phone (iOS or Android)
- Access any time (24/7) and anywhere
- Convenient, fast and secured
- Easy to pay for goods and services
- Transfer fund between Bakong account or transfer fund from Bakong account to bank account or E-Wallet account.
Product Features:
No | Feature | Description |
---|---|---|
1 | Currency |
KHR and USD |
2 | Maximum Amount Limitation Per Transaction and Per Day |
Basic Customer: 2,000,000 KHR and 500 USD Partial KYC: 12,000,000 KHR and 3,000 USD Full KYC: 40,000,000 KHR and 10,000 USD Remarks: There is no limitation on number of transactions per day. |
3 | Initial Deposit and Minimum Balance |
Not required |
4 | Interest Rate |
There is no interest rate for Bakong account (0%) |
5 | Transaction Types/Functions |
|
Fee Charge:
The service is free of charge for any transactions.
Requirement:
- Customer is require to register under LOLC (Cambodia)
- Have smart phone (iOS or Android)
- Have phone number
- Customer is able to register Bakong App by him/herself without completing the request form
How to Register:
- Have smart phone (iOS or Android) connected to internet
- Customer is required to download Bakong App from App Store or Play Store
- After install, customer has to register in Bakong App by following each steps
Bakong Top Up:
- Customers are able to top up into Bakong account through iPay Cambodia or Internet Banking or visit any LOLC branch.
- Bakong top up is free of charge.
- Other conditions may apply.
Bakong Members (As of January 2023):
No | Bank/MDI |
---|---|
1 | ACLEDA BANK PLC. |
2 | ADVANCED BANK OF ASIA LIMITED. |
3 | AMK MICROFINANCE INSTITUTION PLC. |
4 | BANK FOR INVESTMENT AND DEVELOPMENT OF CAMBODIA PLC. |
5 | CAMBODIA POST BANK PLC. |
6 | CANADIA BANK PLC. |
7 | CHIP MONG COMMERCIAL BANK PLC. |
8 | CHIEF (CAMBODIA) COMMERCIAL BANK PLC. |
9 | FOREIGN TRADE BANK OF CAMBODIA. |
10 | LOLC (CAMBODIA) PLC. |
11 | PHILLIP BANK PLC. |
12 | PHNOM PENH COMMERCIAL BANK. |
13 | PRASAC MICROFINANCE LIMITED. |
14 | PRINCE BANK PLC. |
15 | SATHAPANA BANK PLC. |
16 | SPEEDPAY PLC. |
17 | TRUE MONEY CAMBODIA PLC. |
18 | VATTANAC BANK |
19 | WOORI BANK |
20 | WING (CAMBODIA) LIMITED SPECIALIZE BANK |
21 | HATTHA BANK |
22 | E-MONEY PAYMENT SOLUTIONS PUBLIC LIMITED COMPANY. |
23 | CAMBODIAN PUBLIC BANK PLC. |
24 | MAYBANK (CAMBODIA) PLC. |
25 | LY HOUR PAY PRO PLC. |
26 | KOOKMIN BANK CAMBODIA PLC. |
27 | IPAY88 (CAMBODIA) PLC. |
28 | SHINHAN BANK (CAMBODIA) PLC. |
29 | AMRET MICROFINANCE INSTITUTION. |
30 | TIAN XU INTERNATIONAL TECHNOLOGY PLC. (Cool Cash Plc). |
31 | CAMBODIA ASIA BANK. |
32 | ASIA CASH EXPRESS PLC. (Asia Wei Luy) |
33 | B.I.C (CAMBODIA) BANK PLC. |
34 | SBI LYHOUR BANK. |
35 | ASIA-PACIFIC DEVELOPMENT BANK (APD Bank) |
36 | MOHANOKOR MICROFINANCE INSTITUTION PLC. |
37 | HONG LEONG BANK (CAMBODIA) PLC. |
38 | ORIENTAL BANK |
39 | RHB BANK (CAMBODIA) PLC. |
40 | Pi Pay |
41 | Bank of China Limited Phnom Penh Branch |
42 | BRED Bank Cambodia |
43 | U-Pay Digital Plc. |
44 | BONGLOY PAYMENTS PLC. |
45 | AGRICULTURAL AND RURAL DEVELOPMENT BANK |
46 | Cathay United Bank |
47 | CIMB Bank |
48 | ICBC Bank |
49 | SACOMBANK (CAMBODIA) PLC. |
50 | Lanton Pay |
51 | HENG FENG (CAMBODIA) BANK Plc. |
52 | First Commercial Bank, Ltd |