PHNOM PENH, Cambodia, March 25, 2025 /PRNewswire/ -- In a rapidly changing financial landscape, Cambodia's banking sector is emerging as a beacon of trust and innovation. Through significant advancements in digital banking, stringent cybersecurity measures, and transparent regulatory frameworks, the nation is positioning itself as a leader in ethical banking practices.
Digital Banking Surge Enhances Financial Inclusion
Recent data from the National Bank of Cambodia (NBC) reveals a notable shift towards mobile banking. In 2024, over 608 million transactions and payments, an increase of 334% from 2023, were made through the Bakong Payment System with the total value of 183 trillion KHR or 457 billion USD, a 127% increase from 2023. This trend underscores a growing consumer preference for accessible and user-friendly mobile platforms, reflecting its widespread adoption. NBC's Bakong System has been instrumental in this digital transformation. By integrating e-wallets, mobile payments, and online banking into a single platform, Bakong has simplified transactions and broadened financial access, particularly in rural areas.
"Digital payments are transforming financial inclusion in Cambodia, especially for underserved communities. By using mobile banking and platforms like the Bakong system, we are making financial services more accessible, affordable, and secure—particularly for those in rural areas," said Ms. Dith Nita, Chairwoman of the Cambodia Microfinance Association (CMA).
Strengthening Cybersecurity and Regulatory Transparency
To maintain financial stability amid rapid digitalization, Cambodia's banking sector has prioritized cybersecurity and transparent regulatory practices. The Association of Banks in Cambodia (ABC), together with the Cambodia Microfinance Association (CMA) has been proactive in promoting consumer protection, financial literacy, and industry-wide cybersecurity initiatives, thereby fostering a stable and resilient financial environment.
In a significant regulatory development, NBC has introduced a framework that uses blockchain technology, providing clear guidelines to encourage innovation in digital finance while safeguarding financial stability. This move not only positions Cambodia as a responsible player in the global financial ecosystem but also attracts fintech firms seeking a regulated yet flexible environment for growth.
Commitment to Ethical Banking Practices
Cambodia's financial institutions are dedicated to ethical banking, emphasizing responsible lending and financial inclusion. The NBC-UN Multi-Stakeholder Consultation on Microfinance, held in January 2025, highlighted key reforms such as prohibiting the use of Indigenous Communal Land Titles (ICLTs) as collateral and establishing a Financial Consumer Centre under the ABC and the Cambodia Microfinance Association (CMA) to assist borrowers in financial distress. These measures underscore the sector's commitment to ethical practices and consumer protection.
ABC Chairman Rath Sophoan said, "As responsible providers, we are committed to ensuring financial access while contributing positively to the well-being of the population, always upholding the principles of transparency, fairness, and social responsibility."
A Model for Regional Banking Excellence
With secure digital platforms, clear regulatory frameworks, and a steadfast commitment to ethical practices, Cambodia's banking sector is setting a high standard in the region. As global investors seek stability and transparency, Cambodia is proving itself as a reliable and innovative financial hub.
By balancing technological advancement with ethical banking, Cambodia's financial institutions are fostering long-term trust, ensuring the country remains a key player in Southeast Asia's financial landscape—ready for the future, yet firmly grounded in stability.
For further details please contact:
ABC Secretariat
Mr. Sok Chan, Head of Financial Inclusion and Public Relations
Email: abc_fi@abc.org.kh
Phone: +855 92 683 330
CMA Secretariat
Mr. Tongngy Kaing, Head of Communications
Email: hcd@cma-network.org
Phone: +855 95 262 111
About ABC
The Association of Banks in Cambodia was formed in 1994 and is recognized by the Royal Government as the official organization to represent the country's private banking sector. Our purpose is to promote constructive dialogue amongst member banks, and to serve as an industry voice to the public and the Government.
About CMA
The Cambodia Microfinance Association is an NGO and professional association that aims to ensure the prosperity and sustainability of the microfinance sector in Cambodia. CMA plays a vital role in creating local and international networks as well as seeking equity and loan funds, new technologies and overseeing conflict resolution between microfinance operators. All of these activities have led each member microfinance institution to become stronger and more successful and thereby attract support from the international market to enable industry expansion.
For media inquiries:
TWPR
Ms. Pheng Kim Hoan, Managing Director
Email: kim@twowaypr.com
Phone: +855 10 455 466
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Cambodia's Banking Evolution: Trust and Innovation at the Forefront
SINGAPORE, April 29, 2025 /PRNewswire/ -- From April 21 to April 27, 2025, Mega Matrix Inc. (NYSE American: MPU) proudly presented eight English series on its global short drama platform, FlexTV. Each production offers a unique perspective on the universal struggles of contemporary life — from workplace trust issues to the delicate balance between love, ambition, and family, exploring the depths of human desires and conflicts.
404: Simp Not Found
On the verge of bankruptcy, company owner Ethan stumbles upon a mysterious system that promises tenfold returns for treating employees well. Disguising himself as a wealthy benefactor, he leads his remaining six staff members in a daring bid to save the company — all while uncovering his ex-girlfriend's hidden schemes.
Betrayal Heals
Suffering from a rare illness, Emily desperately needs help, but her mother's pleas are repeatedly turned down — until an ordinary man, Logan, steps forward. Once abandoned by his first love Emily after dedicating himself to medicine for her, Logan now faces a choice: can he let go of the past to save her?
Mom's Got Guns
Elite bodyguard Tanya is killed on a mission but unexpectedly reincarnates in an ancient era — as a plump noblewoman. Armed with modern smarts and combat skills, she builds a thriving household and takes charge of her new family's future.
The Sound of Mute-sic
For three years, Sierra sacrificed everything for her deaf boyfriend Caleb, enduring cold indifference. At last, she chooses to reclaim her life of luxury and finds new happiness with Ethan Lancaster, heir to the prestigious Lancaster family.
Taming the Mafia Boss: He's Mine Now!
At a nightclub, Leah accidentally "adopts" a supposed down-on-his-luck nobleman, Allen — unaware he's actually the heir to the powerful Smith Mafia family. A whirlwind of misunderstandings entwines their fates forever.
Last Call for Betrayal
Trapped in a loveless arranged marriage, Vivian's heart breaks when she discovers her husband's betrayal with her best friend. In a reckless act of revenge, she becomes involved with Elliot — unaware he is actually Ethan, a top special forces officer. Amid revenge and emotional turmoil, Vivian slowly opens her heart again.
Royal Heir Breaks My Heart In A Warzone
ER doctor Charlie reunites with her former lover Harry in a war-torn region, but conspiracies and secrets repeatedly tear them apart. In a life-or-death moment, Harry discovers that Charlie's child is his own flesh and blood.
The Billionaire in Uniform
After losing his mother to brutal family infighting, Raymond builds a business empire from scratch. Twenty-five years later, he returns in disguise as a humble security guard, triggering a silent battle over inheritance and power as his ailing patriarch nears death.
Available in 15 languages including English, Japanese, and Korean, FlexTV reaches viewers in over 100 countries and regions. As it continues to innovate and diversify its content offerings, FlexTV remains committed to providing a premium viewing experience for audiences around the world. For more captivating series, visit https://www.flextv.cc/.
About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. Mega Matrix Inc. is a Cayman Islands corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.
Key Metrics
The numbers for our key metrics, which include our period active users (PAU), period paying users (PPU), average membership and top-up streaming service revenue per active user (ARPU), and average membership and top-up streaming service revenue per paying user (ARPPU), are calculated using internal company data based on the activity of user accounts. We define an active user as a user who has downloaded and opened the FlexTV app at least once. We define a paying user as a user who has registered for a membership or has topped up, provided a method of payment, and is entitled to access FlexTV services (this membership or topping up does not include participation in free trials or other promotional offers extended by FlexTV to new users). We define ARPU as average membership and top-up streaming services revenue generated by each active user in one quarter. We define ARPPU as average membership and top-up streaming services revenue generated by each paying user in one quarter. We use these metrics to assess the growth and health of the overall business and believe that ARPU best reflects our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 20-F, filed with the SEC on March 28, 2025, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
Disclosure Channels
We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:
X (f/k/a Twitter):
twitter.com/MegaMatrixMPU
Facebook:
facebook.com/megamatrixmpu
facebook.com/flextvus
LinkedIn:
linkedin.com/company/megamatrixmpu
TikTok:
tiktok.com/@flextv_english
YouTube:
youtube.com/@FlexTV_English
The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.
For inquiries, please contact: Info@megamatrix.io
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Mega Matrix Inc. Released FlexTV Weekly Highlights (April 21-27): Eight Short Dramas Reflecting Real-World Struggles
