Cambodia Cards and Payments Industry Analysis & 2017 Forecasts at

Date: 29-May-2013
Cambodia’s cards and payments industry recorded a CAGR of 24.87%, rising from 525,900 cards in circulation in 2008 to 1.3 million cards in 2012. Between 2013 and 2017, the industry is projected to grow at a CAGR of 10.96% from 1.5 million cards to 2.3 million.



With a large youth demographic, changing spending patterns, advancements in e-banking services and the emerging trend of online shopping, Cambodia’s card service providers have ample growth opportunities. The country’s GDP declined from 19.8% in 2008 to 2.6% in 2009, but recovered to reach 10.3% in 2012. The World Bank projects GDP growth will stabilize at 9.9% between 2008 and 2017. Foreign Direct Investment (FDI) increased from US$553 million in 2010 to US$632 in 2011. According to the ministry of tourism, 3.6 million tourists visited Cambodia in 2012, generating revenues of US$2.2 million. It is anticipated that four million visitors will visit Cambodia in 2013.




Internet penetration rates increased from 0.5% in 2008 to 3.1% in 2011. According to Internet World Stats, in June 2012 there were 662,840 internet users in Cambodia, representing a penetration rate of 4.4%. This was largely driven by the country’s urban and youth demographics which are anticipated to drive the use of debit and credit cards for the purposes of online shopping.


Payment cards gained popularity in Cambodia between 2008 and 2012. In this period of time, the number of debit cards in circulation grew from 322,339 to 939,330 at a CAGR of 30.66%. Between 2013 and 2017, the number of debit cards is projected to increase at a CAGR of 11.07%. Due to increased levels of competition between foreign and domestic banks, the Cambodian credit cards category grew significantly between 2008 and 2012. In this period of time, the volume of cards in circulation increased from 9,146 to 30,598 and is projected to reach 96,245 by the end of 2017.


Reasons to buy

Understand an analysis of Cambodia’s Cards and Payments Industry drivers.

Expand your business by obtaining an insight into emerging consumer attitudes and trends.

Understand your market by reviewing the competitive landscape and industry dynamics.

Get a step ahead of your competitors by understanding the strategies adopted by key operators as well as a set of company profiles, products and marketing strategies.


Plan for the future by looking at industry attractiveness and future prospects of the Cambodian Cards and Payments industry.


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