Logo of Phnom Penh Post newspaper Phnom Penh Post - NBC's Serey tapped for GFI council seat

NBC's Serey tapped for GFI council seat

Content image - Phnom Penh Post
National Bank of Cambodia (NBC) director-general Chea Serey was tapped on May 6 as an International Council Member of Singapore-headquartered Global FinTech Institute (GFI) at a virtual council meeting. Photo supplied

NBC's Serey tapped for GFI council seat

National Bank of Cambodia (NBC) director-general Chea Serey was tapped on May 6 as an International Council Member of Singapore-headquartered Global FinTech Institute (GFI) at a virtual council meeting.

The appointment was in recognition for her achievements in harnessing financial technology and innovation to create and unlock opportunities for those underserved by traditional models of financial services.

Serey said in a Facebook post: "Today I am very honoured to be appointed as an International Council Member – along with other very respectable individuals in academia, and public and private sectors – of the Global FinTech Institute, Singapore University of Social Sciences.

"I was also pleased to witness the MoU [memorandum of understanding] signing between GFI and Journal of FinTech and World Scientific Publishing Company."

Under her directorship, NBC on October 27th launched an inter-bank mobile payment platform, known as the “Bakong System”, aiming to give a powerful impetus to rural financial sector development and nurturing financial inclusivity in the Kingdom.

Bakong enables interoperability between banks and financial institutions that is safe and cost-effective.

According to Serey, Bakong is a “backbone payment system” with the primary objectives of enabling payments between banks and financial institutions, improving the efficiency and safety of the payment system, boosting financial inclusion and promoting cashless payments in the local currency.

GFI pitches itself as “a global professional credentialing body dedicated to creating greater collaboration, advocacy, ethics and knowledge for all fintech professionals”.

MOST VIEWED

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • Ice cream, noodles flagged over carcinogen

    The General Department of Customs and Excise of Cambodia (GDCE) has identified three types of instant noodles and ice cream trademarks originating from Thailand, Vietnam and France that are suspected to contain ethylene oxide, which poses a cancer risk to consumers. The general department has

  • Exclusive interview with Josep Borrell Fontelles, High Representative of the EU

    CAMBODIA is hosting the 55th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings this week with top officials from the US, China, and Russia and other countries in the region slated to attend and to meet with face-to-face with their counterparts on the sidelines. In

  • Rise in Thai air routes to Siem Reap fuels travel hopes

    Local tourism industry players are eager for regional airline Bangkok Airways Pcl’s resumption of direct flight services between the Thai capital and Siem Reap town on August 1 – home of Cambodia’s awe-inspiring Angkor Archaeological Park – which is expected to boost the growth rate of

  • ASEAN Foreign Ministers’ meet commences, Taiwan issue possibly on table

    The 55th ASEAN Foreign Ministers’ Meeting (AMM) and related meetings hosted by Cambodia kicks off in Phnom Penh on August 3, with progress, challenges, and the way forward for the ASEAN Community-building on the table. Issues on Taiwan, sparked by the visit of US House Speaker

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’