Bakong Payment Service
All customers of member banks and financial institutions of Bakong are able to scan and pay with KB PRASAC’s merchants easily without using physical notes.
Bakong Payment Service is a retail pay system which is allowed all customers to make cash transactions across or within member banks and financial institutions of Bakong. Bakong system is initiated by the National Bank of Cambodia (NBC).
You can install Bakong App and register it on your mobile phone for making below transactions:
- Fund transfer from Bakong account to Bakong account within same institution or to other institutions
- Fund transfer from Bakong account to bank account within same institution or to other institutions
- Scan and pay via QR code at KB PRASAC’s merchants
- Check balance and Bakong account statement
Transfer Limit
| Types of Transfer | Maximum Limit per Day | Maximum Limit per Transaction |
|---|---|---|
| Transfer from Account at KB PRASAC to Account at Other Banks | KHR 200 million and USD 50,000 | KHR 80 million or USD 20,000 |
| Transfer from Account at KB PRASAC to Bakong’s Wallet Account | KHR 40 million and USD 10,000 | KHR 10 million or USD 2,500 |
Fee Charge for Interbank Fund Transfer (from Account to Account)
| Currency | Transfer amount per transaction | Fee charge per transaction | |
|---|---|---|---|
| Current | New | ||
| KHR | ≤ 4,000,000 | Free of charge | Free of charge |
| > 4,000,000 to 8,000,000 | Free of charge | KHR 3,000 | |
| > 8,000,000 to 20,000,000 | Free of charge | KHR 6,000 | |
| > 20,000,000 to 40,000,000 | Free of charge | KHR 8,000 | |
| > 40,000,000 to 100,000,000 | Free of charge | KHR 10,000 | |
| > 100,000,000 to < 200,000,000 | Free of charge | KHR 14,000 | |
| USD | ≤1,000 | Free of charge | Free of charge |
| > 1,000 to 2,000 | Free of charge | USD 0.75 | |
| > 2,000 to 5,000 | Free of charge | USD 1.50 | |
| > 5,000 to 10,000 | Free of charge | USD 2.00 | |
| > 10,000 to 25,000 | Free of charge | USD 2.50 | |
| > 25,000 to < 50,000 | Free of charge | USD 3.50 | |
Note:
- Scanning KHQR Code of other banks is free of charge
Product Features
| Features | Descriptions | |
|---|---|---|
| Currency | KHR and USD | |
| Cash-In | Transfer from Bakong account to Bakong accountTransfer from bank account to Bakong account at KB PRASAC branch officeTransfer from bank account to Bakong account via KB PRASAC Mobile Banking or Internet BankingBakong account top-up at KB PRASAC branch office | |
| Cash-Out | Cash withdrawal from Bakong account at KB PRASAC branch officeTransfer from Bakong account to your account at KB PRASAC, then make cash withdrawal via KB PRASAC’s ATM | |
| Installation and Registration | Self-install Bakong App and self-register on mobile phone | |
| Initial Deposit or Minimum Balance | Not required | |
| Interest Rate | 0% | |
| Number of Transaction | Not limit | |
| Free of Charge | #list# – Transfer from Bakong account to Bakong account – Transfer from Bakong account to bank account – Cash-in and cash-out – Scan and pay – Registration – Close account | |
| Bakong’s Members (57 Banks & MFIs) | KB PRASAC Bank Plc., ACLEDA Bank Plc., Vattanac Bank, Cambodia Post Bank Plc., Wing (Cambodia) Limited Specialised Bank, Sathapana Bank Plc., Foreign Trade Bank of Cambodia, Canadia Bank Plc., AMK Microfinance Institution Plc., Speed Pay Plc., Chip Mong Commercial Bank Plc., Phnom Penh Commercial Bank, Bank for Investment and Development Cambodia Plc., Phillip Bank Plc., Advanced Bank of Asia Ltd, WOORI BANK (CAMBODIA) Plc., True Money Cambodia Plc., Chief (Cambodia) Commercial Bank Plc., LOLC (Cambodia) Plc., Hattha Bank Plc., E-money Payment Solution Plc., Cambodian Public Bank Plc., Maybank (Cambodia) Plc., Ly Hour Pay Pro Plc., KB Kookmin Bank Cambodia Plc.,Shinhan Bank (Cambodia) Plc., Amret Microfinance Institution, iPay88 (Cambodia) Plc., Cool Cash Plc., Cambodia Asia Bank, Asia Weiluy, B.I.C (Cambodia) Bank Plc., SBI LY HOUR Bank Plc., Asia-Pacific Development Bank Plc. (APD Bank), MOHANOKOR Microfinance Institution Plc., Hong Leong Bank (Cambodia) Plc., Oriental Bank Plc., RHB BANK (CAMBODIA) Plc., PI PAY Plc., Bongloy Payments PLC., Bred Bank (Cambodia) Plc., Bank of China (Hong Kong) Limited Phnom Penh Branch, Agricultural and Rural Development Bank (ARDB), Cathay United Bank., CIMB Bank Plc., ICBC Phnom Penh Branch, U-Pay Digital Plc., Sacombank (Cambodia) Plc., First Commercial Bank Phnom Penh Branch, Heng Feng (Cambodia) Bank Plc., Lanton International (Cambodia) Payment Service Plc., J Trust Royal Bank Plc., MB Bank (Cambodia) Plc., Union Commercial Bank Plc., and DGB Bank Plc. | |
Note:
- Customers can cash-in and cash-out of Bakong’s account at KB PRASAC’s branches within Phnom Penh and Takhmao.
- KB PRASAC reserves rights to change fee with prior notice to the client as required by law.
- Other terms and conditions apply.
