Development of Internet Banking in Cambodia

Internet banking has become the focus of development of most commercial banks given the popularity of network technology and the rapid development of the Internet. In early 2008, commercial banks in Cambodia gradually began to promote electronic banking network and integrate and innovate the business with technical characteristics through the development of the internet. Comparative and case analyses are conducted to elaborate the background and significance of this study. The research results obtained online and from domestic scholars were also summarized. This study summarizes the basic connotation and development course of internet banking and analyzes the development of online banking in Cambodia by performing comparison with that in China to promote the development of Internet banking in Cambodia. This study found that the Cambodia Internet Bank attained significant progress after several years of rapid development. However, problems, such as safety mechanism and risk supervision, continue to exist in the development process. This study offers suggestions to strengthen the hardware and software environment and enhance the construction of online banking management system and other measures.