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Visa’s inaugural Open Payments Session showcases key partnerships and innovation fueling Cambodia’s digital payment landscape

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PHNOM PENH, CAMBODIA – Media OutReach Newswire – 3 December 2024 – Visa, a global leader in digital payments, hosted its first Open Payments Session in the Kingdom, bringing together regulators, subject matter experts, merchants, and financial services representatives to explore best practices and thought leadership shaping the future of payments. The forum focused on the evolving landscape of digital payments, driven by increased smartphone penetration and government initiatives promoting cashless transactions.

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In Cambodia, the growth of e-commerce is significant, with revenue in the e-commerce market projected to reach US$1.12 billion in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.98%, resulting in a projected market volume of US$1.81 billion by 2029. This ever-evolving payment landscape is expected to become more layered and diversified with more participants, presenting dynamic opportunities and challenges for ecosystem players to navigate.

“As consumers increasingly embrace cashless transactions, Visa remains dedicated to driving innovation, collaboration, and open payments for businesses in Cambodia. We play a vital role in the payments landscape and are committed to driving digital and financial inclusion for consumers and businesses, in alignment with the Kingdom’s digitization goals,” said Ms. Ivana Tranchini, Visa Country Manager for Cambodia. “With a focus on supporting businesses to grow, Visa aims to empower them to thrive in today’s digital economy by ensuring seamless and secure payments experiences for everyone.”

At the forum, subject matter experts highlighted the latest trends and best practices in payments in Cambodia. They discussed the importance of offering tailored payment solutions to meet changing customer expectations and keep pace with cashless and contactless payment trends, which are increasingly popular due to growing smartphone usage and the convenience of mobile wallets. The experts also emphasized the need for a smooth post-purchase experience to enhance customer satisfaction and loyalty. Collaborative innovation within the payment ecosystem was identified as a key driver of growth, enabling businesses to stay competitive and innovative.

With the rise in digital activity, businesses and consumers in Cambodia need to safeguard against emerging fraud threats and refund/policy abuse. Robust fraud and dispute management strategies are essential in this rapidly evolving digital landscape. As e-commerce continues to surge, particularly driven by the younger population’s preference for online shopping, these measures will be critical in maintaining trust and ensuring seamless transactions.

Last month, Visa announced a suite of new products and services that will be available in Asia Pacific. These solutions are set to reinvent the card and address the future needs of businesses, merchants, consumers, and the financial institutions that serve them, creating opportunities to deliver innovations that enhance payment experiences with greater flexibility, security, and convenience.

Hashtag: #Visa #OpenPaymentsSession



The issuer is solely responsible for the content of this announcement.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

By Aduragbemi Omiyale

The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.

Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.

This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.

The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.

In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.

“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.

“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.

“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

By Aduragbemi Omiyale

One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.

The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.

The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.

They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.

Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.

“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.

“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

By Modupe Gbadeyanka

This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.

This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.

This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.

The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.

In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.

It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.

The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.

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