Bakong

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
  • Transfer fund between Bakong account (Send) 
  • Transfer fund from Bakong account to bank account or E-wallet (Deposit) 
  • Make payment via QR Code (QR Pay) 
  • Receive money transfer from Bakong account (Receive)
  • And other transactions.

Fee Charge:

The service is free of charge for any transactions.


Bakong Top Up:

  • Customers can top up into Bakong account through LOLC Mobile (Cambodia) or visit any LOLC branch.
  • Bakong top up is free of charge.
  • Other conditions may apply.

Bakong Members (As of October 2024):

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 KB PRASAC BANK PLC.
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

IPAY88 (CAMBODIA) PLC.

 27

SHINHAN BANK (CAMBODIA) PLC.

 28

AMRET MICROFINANCE INSTITUTION.

 29 TIAN XU INTERNATIONAL TECHNOLOGY PLC. (Cool Cash Plc)
 30

CAMBODIA ASIA BANK.

 31

ASIA CASH EXPRESS PLC. (Asia Wei Luy)

 32

B.I.C (CAMBODIA) BANK PLC.

 33

SBI LYHOUR BANK.

 34

ASIA-PACIFIC DEVELOPMENT BANK (APD Bank)

 35

MOHANOKOR MICROFINANCE INSTITUTION PLC.

 36/td>

HONG LEONG BANK (CAMBODIA) PLC.

 37/td>

ORIENTAL BANK

 38/td>

RHB BANK (CAMBODIA) PLC.

 39d>

Pi Pay

 40/td>

Bank of China Limited Phnom Penh Branch

 41/td>

BRED Bank Cambodia

 42/td>

U-Pay Digital Plc.

 43/td>

BONGLOY PAYMENTS PLC.

 44/td>

AGRICULTURAL AND RURAL DEVELOPMENT BANK 

 45/td>

Cathay United Bank

 46/td>

CIMB Bank

 47/td>

ICBC Bank

 48/td>

SACOMBANK (CAMBODIA) PLC

 49td> LANTON PAY
 50

HENG FENG (CAMBODIA) BANK Plc.

 51 First Commercial Bank, Ltd
 52

J Trust Royal Bank

 53

Panda Commercial Bank Plc.

 54 MB BANK (CAMBODIA) PLC.
 55

Union Commercial Bank Plc.

 56

DGB Bank

 57

Bridge Bank

 58

ALPHA COMMERCIAL BANK

 59

DARASAKOR PAY

 60

KESS INNOVATION PLC.

 61

PEAK WEALTH BANK PLC.


Requirement:

  • Customer is require to register under LOLC (Cambodia)
  • Have smart phone (iOS or Android)
  • Have phone number
  • Customer can register Bakong App by him/herself without completing the request form

How to Register:

  • Have smart phone connected to internet
  • Customer is required to download Bakong App from App Store  for iOS device or Play Store  for Android device 
  • After install, customer has to register in Bakong App by following each step

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