With Cambodians beginning to embrace online shopping and other e-commerce activities, there is a pressing need for local online payment platforms similar to PayPal or Stripe to process their transactions. Bongloy, a homegrown online payment gateway, was developed to replace the prevalent cash-on-delivery system currently favoured by Cambodian e-commerce businesses, enabling them to go completely online.
The Post’s Ananth Baliga sat down with former Silicon Valley startup consultant David Wilkie, managing director of Bongloy, to discuss the experience of developing a payment platform in Cambodia and the growing demand for online payment processing.
In its Doing Business 2016 report, the World Bank this week ranked Cambodia 180 out of 189 economies for the ease of starting a business. How does that translate to startups?