Bank Negara Malaysia and the National Bank of Cambodia are looking at avenues to enhance collaboration on the application of technology in financial inclusion. NST file photo of Governor Tan Sri Muhammad Ibrahim for illustration purposes. [NSTP/ASYRAF HAMZAH]

KUALA LUMPUR: Bank Negara Malaysia and the National Bank of Cambodia are looking at avenues to enhance collaboration on the application of technology in financial inclusion.

In a statement, Bank Negara said that this collaboration will also explore the establishment of a link between the national automated teller machine (ATM) networks in both countries to facilitate efficient cross-border ATM cash withdrawals and retail payments.

In capitalising on the financial technology (fintech) momentum, both central banks reaffirmed their commitment to support the regional development and adoption of fintech in enhancing innovation, efficiency and effectiveness of the financial services sector.

This comes on the back of a bilateral meeting in Siem Reap that discussed, among others, regional central banking cooperation between the two central banks.

The meeting, which was jointly led by Bank Negara Governor Tan Sri Muhammad Ibrahim and Governor Chea Chanto, reinforced the long-standing tradition of cooperation, following the signing of two Memoranda of Understanding (MOU) between the central banks in 2010.