Bakong - Chief KHQR

As a member of Bakong mobile payment system, Chief Bank supports KHQR service by providing direct account-to-account transfers for all merchants and individual customers.

Chief Bank provides end-to-end support to merchants from generating their Chief KHQR with their Chief Bank Account to receiving payment notification in Telegram group and Chief Mobile App after the payment is successfully received.

With Chief Mobile App, individual customers can easily scan and make all KHQR payments. They can also generate their own Chief Bank KHQR using Chief Mobile App for receiving funds.

Limitation of Transaction:

Base on the Bakong guideline by our National Bank of Cambodia regulator the Bank follow the limitation as follow:

Type of Transactions Currency (USD) Currency (KHR)
Transfer/Scan KHQR <= 50,000.00 USD / Day <= 200,000,000.00 KHR / Day
Wallets <= 10,000.00 USD / Day <= 40,000,000.00 KHR / Day
Promotion

Validity of Compiegne: From 1st August 2022 – 31st October 2022

Type of Customer Merchants Customer Periods
Individual Merchant
  • Free Fee applies for merchants of Chief Bank.
  • Provide Welcome Gift
    • Chief Bank’s Gift
    • Stand Scan KHQR
    • ID Card / Tag KHQR
    • Sticker KHQR
  • If Merchant has actual balance of USD 500 in account, Bank need provides 0.01% as cash prize in additional on the account balance.
  • Opening New Account with Chief Bank S/A, C/A will get 1.75% Interest Rate and Plus Chief Easy loan up to 4K.
  • Transaction Limited to get Bonus Per month
    • If Transactions KHQR >= 20 <= 50 Transactions

      Merchant can get cash back 10$

    • If Transactions KHQR > 50 <= 100 Transactions

      Merchant can get cash back 30$

    • If KHQR > 100 Transactions

      Merchant can get cash back 50$

Note: Not count duplicate transactions over six transactions per month.

 Discount 5% - 10% of all payment by Chief Bank’s Customer
(As mentioned in the merchant Agreement From ) 		3 Month
Corporate Merchant
  • Free Fee applies for merchants of Chief Bank.
  • Provide Welcome Gift
    • Chief Bank’s Gift
    • Stand Scan KHQR
    • ID Card / Tag KHQR
    • Sticker KHQR
  • If Merchant has actual balance of USD 2,500 in account, Bank need provides 0.01% as cash prize in additional on the account balance.
  • Opening New Account with Chief Bank S/A, C/A will get 1.75% Interest Rate and facilities plus Chief Easy up to 4K for their staff.
  • Transaction Limited to get Bonus Per month
    • If Transactions KHQR >= 20 <= 50 Transactions

      Merchant can get cash back 15$

    • If Transactions KHQR > 50 <= 100 Transactions

      Merchant can get cash back 45$

    • If KHQR > 100 Transactions

      Merchant can get cash back 65$

Note: Not count duplicate transactions over six month transactions per month.

 Discount 5% - 10% of all payment by Chief Bank’s Customer
(As mentioned in the merchant Agreement From ) 		3 Month
Merchant Eligibility
  • There are two type of merchants are Corporate Merchant and Individual Marchant.
  • Term and Conditions:
Type of Merchant Terms and Conditions Settlement Account
Individual
  • Open account with Chief Bank.(Document requirement account opening are require as the same as customer opening account)
  • Sign on Merchant Agreement
 S / A or C / A
Corporate
  • Open account with Chief Bank.(Document requirement account opening are require as the same as customer opening account)
  • Sign on Merchant Agreement
 S / A or C / A
Service Details (To Merchant)
  • KHQR code generation
  • Provide KHQR Stand, ID Card/ Tag with KHQR, and KHQR sticker to Merchant. (Depends on Merchant’s need)
  • Create and set up Telegram Bot in Merchant’s Telegram Group
  • Support for any dispute and settlement issue
Key Benefit by using KHQR

Customer Perspective:

  • No more confusion with multiple QR codes stand when making payment.
  • Simply look out for the KHQR label.
  • Using your own favorite app including Bakong App to make payment.
  • Anywhere that has a KHQR label.

For merchants:

  • Saving space for your counter. Only need to display a single KHQR Stand
  • Instead of multiple QR labels.
  • Simple, fast, and secure payment solution.
  • Can accept payment from anyone and any back app. No need to sign bilateral.
  • Contracts with many acquirers anymore.
Merchant list
To Be Announced