Concept Project Information Document (PID) - Enterprise Digitalization and Technology Adoption Project - P175380 (English)

Corruption and informal payments also increase the cost of doing business in Cambodia and contribute to the informality of the economy, with the perception of corruption still the highest among peers and competitors. [...] The digital adoption for businesses in the service sector has gained momentum through the operations of e-commerce and the demand for e-products and services, driven by the growing number of younger people who comfortably use technology in line with the growth of the use of social media, other digital platforms, and the growing adoption of financial technology (Fintech). [...] The lack of knowledge of the benefits of digital solutions, the necessary financing to obtain the technologies, and the capabilities to employ these technologies. [...] The Ministry of Economy and Finance (MEF) has notably accelerated the operationalization of support schemes for enterprises, facilitating access to loans and emergency grants, including notably: the Credit Guarantee Corporation of Cambodia (CGCC) 20, the SME Co-Financing Scheme administered by the Small and Medium Enterprise Bank of Cambodia (SMEBC),21 the Skills Development Fund (SDF),22 and prov [...] The project will support the establishment of this platform and (i) Identify and adapt available international and domestic software and mobile platform-based applications for general business functions, including digital payments, which can suit the language and specific needs and different levels of workforce skills of Cambodian SMEs, and (ii) Support local ICT and fintech firms in the developme