The National Bank of Cambodia says it will take action after the Kingdom’s largest mobile operator, Mobitel, launched a money-transfer service without applying for central bank oversight.Under a prakas issued by the NBC on August 27 this year, the bank must oversee credit remittances – such as money-transfer services provided by mobile-phone companies.According to NBC officials, Mobitel’s Cellcard Cash service was launched on September 20 without the filing of an application.Yesterday, NBC director general Tal Nay Im weighed into the controversy by stating that the bank “will apply our law”.Although she declined to comment on what action the central bank was considering, she did not rule out legal action against the market leader.“I cannot tell you yet [[what action we will take]], but we have to do something,” she said.

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