Phnom Penh
In Phnom Penh, Phsar Chas (‘old market’) has entered modernity. As everywhere else in Cambodia, the banknotes that once paid for everyday purchases have all but disappeared. They have been replaced by a revolutionary tool for this developing country plastered in the shadowy corridors of the market: the QR code. “The customer makes their purchase, pulls out their phone and pays directly to my bank account. It’s a lot simpler than before where I had to go to the bank to deposit the notes.” explains Solinda, the owner of a small paper mill. I hardly ever use cash anymoreis a very customer who has just paid for their purchases with their banking app, or just pay to park my scooter or at some shops that don’t offer electronic payment.’
Thanks to Covid, where many people were afraid of being infected through banknotes, Cambodia’s economy…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.