Cambodia’s e-commerce industry is on the brink of substantial growth, with digital payments becoming essential to daily transactions. In 2024, Cambodia’s revenue in the eCommerce market is projected to reach $1,125.00 million. As businesses seek to capitalize on this trend, selecting the right online payment gateway is increasingly important for building a seamless and secure customer experience.

Payment gateways provide businesses with tools to streamline transactions, manage multiple currencies, and offer secure payment options that instil customer confidence. In this guide, we’ll cover the top 10 payment gateways in Cambodia, exploring the unique features and benefits of each to help you navigate the options and identify the gateway best suited to your business’s needs and goals in this expanding digital marketplace.

Quick Overview: Payment Gateways in Cambodia

1. Payway by ABA Bank

First on our list is PayWay, an award-winning payment gateway by ABA Bank, one of Cambodia’s most respected financial institutions. Developed for businesses of nearly any size, PayWay delivers an easy-to-integrate online payment solution supporting Visa and MasterCard. Known for its competitive rates, particularly within the ABA network, where fees average between 3.6% and 3.8%, PayWay stands as one of the most budget-friendly payment gateways for Cambodian businesses.

Pros:

• Low transaction fees within the ABA network, making it cost-effective.
• Easy integration with e-commerce platforms, especially for Cambodian businesses.
• Supports major credit and debit cards like Visa and Mastercard, offering flexibility.
• Backed by ABA Bank’s strong reputation, enhancing credibility.

Cons:

• Higher fees for international transactions can be limiting for cross-border commerce.
• Limited currency options compared to more global gateways.
• Customer service can be slow during high-traffic periods.
• Restricted to businesses that have a partnership with ABA Bank.

2. Acleda Bank

One of the first and largest banks in Cambodia, Acleda has always had a strong presence in Cambodia’s banking sector. Acleda offers one of the many e-commerce payment gateways in Cambodia that is widely used. Acleda supports all major credit and debit cards such as Visa, Mastercard, UnionPay, JCB, and Diners Club International and also allows seamless integration with popular e-commerce platforms like WooCommerce. The bank’s reputation also lends credibility to the digital payment system.

Pros:

• Wide card support, including Visa, Mastercard, UnionPay, and JCB.
• Seamless integration with popular platforms like WooCommerce.
• A trusted company in Cambodia, boosting user confidence.
• Offers comprehensive services for both local and international businesses.

Cons:

• Complex setup process compared to other gateways.
• Transaction fees can be relatively high, especially for smaller businesses.
• Limited availability of modern payment methods like digital wallets.
• Not ideal for businesses to focus solely on domestic markets.

3. Wing

Wing is a popular mobile payment service in Cambodia, known for its extensive reach and versatility in local transactions. Both businesses and customers rely on Wing for various online payments, from purchasing bus tickets and movie passes to shopping for clothes and paying bills. With a network of over 30,000 merchant partnerships, Wing has established strong alliances with industry leaders like Mastercard, Western Union, MoneyGram, and WorldRemit, making it a trusted choice for seamless payments across Cambodia.

Pros:

• Extensive merchant network of over 30,000 partners in Cambodia.
• Mobile-friendly, allowing for easy payments via smartphone.
• Trusted for local transactions, from bus tickets to utilities.
• Supports international remittances, expanding its reach.

Cons:

• Limited international use, making it more suitable for local businesses.
• Transaction fees can be higher for smaller amounts.
• Not ideal for high-value transactions, as it’s more geared towards everyday payments.
• Lack of support for some global currencies and cards.

4. Cathay United Bank

Cathay United Bank offers a secure online payment gateway service in Cambodia, processing transactions for major card brands such as MasterCard, Visa, and JCB. Built on the Mastercard Internet Gateway Service (MIGS) platform, this payment gateway is widely accepted across e-commerce platforms. It is renowned for its robust security measures, providing businesses and customers with safe and reliable transaction processing.

Pros:

• Robust security with Mastercard Internet Gateway Service (MIGS).
• Wide acceptance among e-commerce platforms.
• Supports multiple card types, including JCB and Visa.
• Well-suited for international transactions, especially with security concerns.

Cons:

• Limited mobile payment options, reducing convenience for mobile users.
• Higher transaction fees compared to local competitors.
• Not as well-known locally as ABA or Wing.
• Slow dispute resolution for chargebacks.

5. iPay88

iPay88 is a leading and award-winning payment gateway provider that recently expanded into Cambodia. It is part of a larger regional network, with services in other Southeast Asian countries such as Malaysia, the Philippines, and Thailand.

They provide innovative solutions to accept payments online and can connect with numerous banks, such as Acleda and Cambodian Public Bank, as well as various payment services, such as Wing, Alipay, and WeChat Pay. The gateway also accepts diverse currencies such as AUD, CAD, EUR, GBP, and many others so you can expand your business to markets abroad.

Pros:

• Wide regional network, operating across Southeast Asia.
• Supports multiple currencies, making it ideal for international businesses.
• Integrates with local banks like Acleda and Cambodian Public Bank.
• Offers payment flexibility, accepting Wing, Alipay, and WeChat Pay.

Cons:

• The setup process can be complex and time-consuming.
• Higher currency conversion fees compared to local gateways.
• Customer support can be inconsistent, especially outside Cambodia.
• Limited local partnerships, making it less attractive for domestic-only businesses.

6. Pi Pay

Pi Pay is a comprehensive cashless payment gateway in Cambodia that is designed for consumers and merchants alike. It is a user-friendly app that combines convenience and reliability with security and integrity. It’s popular among locals for in-app and online purchases and also supports QR code payment, making transactions quick and easy for Cambodian customers.

Pros:

• User-friendly app, great for both merchants and consumers.
• Quick payments with QR codes, enhancing convenience.
• Strong local adoption in Cambodia, especially for small businesses.
• Low transaction fees, making it accessible for startups.

Cons:

• Limited international reach, mainly focused on local transactions.
• Dependent on smartphone penetration, which may limit its user base.
• Not ideal for large-scale transactions or corporate clients.
• Fewer integrations with global e-commerce platforms.

7. PayGo

PayGo provides a simple, efficient solution for making payments across a variety of services in Cambodia. As one of the leading payment gateways in the country, PayGo enables users to complete transactions seamlessly, whether paying bills or topping up phone balances. Integrated with local e-commerce platforms, the gateway supports both full and partial refunds, offering flexibility for consumers and businesses alike. Merchants benefit from instant payment notifications, enhancing convenience and security for all users.

Pros:

• Provides full and partial refunds for added flexibility.
• Instant payment notifications for merchants improve convenience and security.
• Seamless integration with local e-commerce platforms.

Cons:

• Primarily geared toward local transactions, with limited global currency support.

8. Skrill

Skrill provides an eWallet solution that allows users to transfer money globally, safely and cost-effectively. As one of the top payment gateways in Cambodia, Skrill, users can make international and local transfers at low cost, fund accounts through multiple methods like credit cards and bank transfers, and receive money from other Skrill users and compatible online services. Skrill also supports multiple currencies although currency conversion fees may apply.

Pros:

• Global reach, allowing money transfers across multiple countries.
• Supports multiple currencies, ideal for international transactions.
• Low transaction fees for local transfers.
• Allows flexible funding options, such as credit cards and bank transfers.

Cons:

• Currency conversion fees can add up for international users.
• Limited acceptance for in-country transactions in Cambodia.
• Not as widely integrated with local e-commerce platforms.
• Account verification can be a lengthy process for new users.

9. PayPal

This one isn’t new to most; some use it daily, and most have heard of it a few times. PayPal is one of the top payment gateways in Cambodia that is most globally recognized and has a significant presence in Cambodia’s e-commerce market.

It’s popular among freelancers, small businesses, and international e-commerce sellers due to its strong reputation for security, reliability, and buyer protection policies. With PayPal, Cambodian businesses can receive payments from over 200 countries, which is ideal for anyone looking to expand internationally. Although PayPal does charge transaction fees, its robust fraud prevention and dispute resolution systems are strong selling points for businesses aiming to protect both themselves and their customers.

Pros:

• Global brand recognition, trusted by customers worldwide.
• Strong security features, including buyer protection.
• Ideal for international transactions, supporting over 200 countries.
• Easy integration with most e-commerce platforms globally.

Cons:

• High transaction fees, especially for cross-border payments.
• Limited local partnerships, which may restrict domestic business use.
• Longer processing time for withdrawals in Cambodia.
• Currency conversion fees may apply, making it expensive for certain transactions.

10. MoMo E-wallet

MoMo is a digital payment app designed for ease and convenience, offering a range of services such as bill payments, money transfers, and online shopping. While MoMo is more common in Vietnam. It has started to gain popularity as one of the top payment gateways in Cambodia, particularly for its user-friendly interface and low transaction fees.

MoMo’s QR code payment system is especially beneficial for small vendors and local businesses, allowing them to accept payments easily with minimal setup.

MoMo’s integration with various banks and telecom services in Southeast Asia makes it a viable option for businesses that operate in both Cambodia and neighbouring countries.

Pros:

• User-friendly interface, ideal for local vendors.
• Low transaction fees, especially for small businesses.
• Supports QR code payments, making it fast and efficient.
• Integrated with regional banks, enhancing cross-border functionality.

Cons:

• Primarily focused on Vietnam, with limited services in Cambodia.
• Lack of support for large international transactions.
• Limited acceptance by larger businesses or enterprises.
• Mobile app dependency can limit access for non-smartphone users.

A Reliable Payment Gateway Alternative in Cambodia

Now that you’ve explored the top 10 payment gateways in Cambodia, you might be wondering if there’s an option that truly stands out for businesses of all sizes. While these gateways each have their strengths, it’s worth considering DSGPay for a solution that combines security, user-friendly features, and competitive pricing to streamline your payment processes.

DSGPay is built to support both local and international transactions, providing businesses with multiple payment channels, including bank transfers, QR codes, mobile wallets, and online payments. With a focus on transparency, security, and easy integration, DSGPay is an ideal choice for Cambodian businesses aiming to offer a seamless payment experience.

Whether you’re a small business or a large enterprise, DSGPay’s commitment to affordability and secure transactions can support your growth. Start with DSGPay today and experience efficient, reliable payment processing. Contact us to learn more!