Explore the global markets where Digital River can accelerate your global expansion and revenue.
Accelerate your revenue with a new audience of customers throughout Cambodia - without friction or complexity.
*The sale of certain products in this market may be subject to international export regulations. If you would like to learn more about selling into this market, lets chat.
Cambodia is one of the fastest-growing economies in Southeast Asia and currently ranks 11th in the world in terms of high GDP growth over the last decade. With a forecasted 7% economic growth per year for the next five years and a rapidly growing consumer class that is earning triple the average income, it is an attractive market to invest and do business in. Growth in earnings results in a growth in disposable incomes. Borders are opening up, trade is increasing, and there are many more products to buy. New secure technology online and Cambodian people becoming comfortable with finding information and buying online is influencing positive ecommerce growth.
The number of internet users increased 15% between 2019 and 2020. The number of mobile connections in Cambodia increased by 3.7% between January 2019 and January 2020 (equivalent to 128% of the total population). Revenue in the ecommerce market is projected to reach $222 million in 2021 and is expected to show an annual growth rate 9%, resulting in a projected market volume of $313 million by 2025. The market’s largest segment is fashion with a projected market volume of $77 million in 2021.
Southeast Asia was already a fintech and an ecommerce hub, but 2020 has seen a resounding increase in the speed with which the region accelerated toward online payments in ecommerce, riding the trend created by the Covid-19 pandemic swiftly into establishing a cashless society as the new norm.
Cross-Border Fulfillment: Landed Cost is Available.
In-Country Fulfillment: Not available