Top 10 Online Payment Gateways in Cambodia and Their Key Benefits

E-commerce is growing quickly in Cambodia and with it comes an increasing need for a reliable online payment gateways in Cambodia. There are different payment gateways in Cambodia but we will be going over the top ten that have worked well consistently and go over their key benefits to help you choose the one that works best for your business and transactions.

1. Payway by ABA Bank

What is best to start the list if not Payway, the current leading payment gateways in Cambodia? The platform is powered by ABA Bank, a top commercial bank in Cambodia. ABA’s award-winning payment gateway, PayWay, was created for online businesses of most sizes who need reliable and easy-to-use online payment solutions on the website.

It offers an easy integration for e-commerce businesses and supports major credit and debit cards such as Visa and MasterCard. Payway is particularly known for low transaction fees, especially for payments made within the ABA network, with transaction fees usually around 3.6% to 3.8% of the transaction making them one of the cheapest payment gateways in Cambodia.

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, which 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.
Trusted brand 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 focusing solely on domestic markets.

3. Wing

Wing is a mobile payment service that has gained traction in Cambodia over the years for its wide reach within Cambodia. Businesses and customers can use it for local online payments such as bus trips, movie tickets, clothes, bill payments, and many more. Wing also has extensive merchant partnerships with more than 30,000 merchants and industry leaders, including Mastercard, Western Union, MoneyGram, and WorldRemit.

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 is one of the Payment Gateways in Cambodia service that serves as a secure online payment transaction processing service for major card brands such as MasterCard, Visa card, and JCB card. As a payment gateway based on the Mastercard Internet Gateway Service(MIGS), it is widely accepted among e-commerce platforms and it is well known for its robust security measures during transactions.

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:

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 gateways 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 offers a straightforward way to make payments for various services in Cambodia. PayGo is one of the top payment gateways in Cambodia that enables customers to complete transactions seamlessly, such as paying bills and top-up phones primarily in Cambodia. By integrating with local e-commerce sites and services. The platform supports refunds and partial refunds, making it a flexible choice for local consumers and merchants also receive instant notifications once a payment is completed, thus enhancing user convenience and security.

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 neighboring 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.

Final Words On Payment Gateways in Cambodia

It might be hard to choose from the many great payment gateways in Cambodia out of the options available but keep in mind when selecting that it is crucial to select the right online payment gateway. With the variety of options available and the different unique benefits that each has, you will need to identify your needs and pick the one that best suits your goal.

Are you aiming for domestic transactions? Payway and Acleda are great options. If your goal is international transactions then you might want to pick PayPal or Skrill. For businesses targeting the local market, Wing and MoMo provide user-friendly mobile solutions that cater to the growing demand for cashless transactions. Ultimately the decision should be made based on the specific goals and needs of the business.

Want to get more details on payment gateways? we have another blog here to guide you.