PAYCLY is one of the top payment gateway providers in the Kingdom of Cambodia also known as Kampuchea. A payment gateway is a software program that makes it possible to conduct financial transactions online by transferring payment data between the bank of the merchant and the payment portal. A payment gateway performs a number of security checks, such as tokenization and encryption, before delivering the payment data in order to protect the transaction. A merchant must need a payment gateway if he wants to sell products and services online. It enables you to take payment or remuneration for your goods and services by accepting funds in various means, including credit cards, bank transfers, ACH, cryptocurrencies, etc.
The Ecommerce market is growing rapidly in Cambodia. It was $813.25 million in 2020, jumping 19.29%, reached $970.10 million in 2021, and is forecasted to reach $1,111.00 million in 2022. Furthermore, it is expected to rise to $1782.00 million by 2025. Additionally, Southeast Asian economic growth is forecasted at 5.1%, whereas Cambodia's growth is predicted at 5.3%, a little higher than the region by Asian Development Bank.
Internet penetration has reached 78.8% in Cambodia, due to which E-commerce is becoming more and more popular. Rising internet penetration and the adoption of ecommerce are encouraging entrepreneurs to launch their businesses online. The majority of people actually prefer to shop online these days since it's easy to compare prices, you can locate the best offers, and you can have goods and services delivered right to your door. Online shopping also saves a good chunk of time in today's busy environment.
An International Payment gateways are classified into three categories, and PAYCLY offers you all of them, these are below mentioned:
For easy understanding, we provide a shortened illumination of the procedure.
There are several payment gateway providers in Cambodia, including recognized names like PayWay, Cathay United Bank, Acleda Bank, Wing Online Payment, PayGo, BongLoy, etc. Despite this, Each of them has some drawbacks. These payment gateways are overpriced, some don't offer ready-to-use plug-ins for swift integration, and some don't offer alternative payment modes. Similarly, some require you to sign a long-term and legally binding contract, and almost all do not support unregulated businesses.
PAYCLY, on the other hand, is a payment service provider (PSP) that every merchant requires because of its comprehensive support in every possible manner. PAYCLY is one of Cambodia's leading payment gateway providers, and we treat our merchants more like partners than customers. Some PAYCLY advantages are highlighted in the graphic below:
Since we offer our payment gateway and merchant accounts to all businesses, PAYCLY is one of Cambodia's top payment gateway providers. Choose PAYCLY without a second thought if you are a merchant searching to get a payment gateway for your online business in Cambodia. Contact us whenever you like. For additional information, email info@PAYCLY.com.
Our Presence is worldwide, but we are Southeast Asia's most trustworthy payment service provider. Our services are available to all Southeast Asian countries, including Cambodia, Vietnam, The Philippines, Malaysia, Singapore, Thailand, Indonesia, etc.
PAYCLY provides every payment solution that a business requires. Along with payment gateway, we provide high-risk merchant accounts, high-risk international merchant accounts, international payment gateway, credit card processing, invoicing solution and many more. PAYCLY supports almost every industry that exists. We crafted some industry-specific merchant accounts with special industry features and high-risk merchant account features. These are some industries we have extensive experience in providing merchant accounts and payment gateways:
