H.E. Chea Serey is the Director General at the National Bank of Cambodia and one of Cambodia’s strongest champions for women’s economic empowerment. Since 2017 she has led the introduction of blockchain to Cambodia’s banking system through the Bakong Project. Bakong, which is planned to officially launch this year, will connect domestic payment service providers and enable safe and fast money transfers and electronic payments. This has the potential to impact women across the country.
However, introducing a change as significant as Bakong to an entire sector has come with its challenges. “It shouldn’t be innovation for the sake of innovation,” Her Excellency says, “It needs to add value to the society as a whole. I need that strong conviction to be able to convince my team to believe in this shared vision and to collectively achieve our goal.” For women in Cambodia, achieving this goal will mean the power of financial inclusion. “Because it is peer-to-peer in nature, every transaction is free of charge. This is empowering for women to be able not only to earn but also manage her own finances from afar, making sure that her hard work is put into good use.”