Pi Pay links up with local bank Sathapana

Sep 3rd at 19:16
03-09-2018 19:16:54+07:00

Pi Pay links up with local bank Sathapana

Sathapana Bank has inked a partnership agreement with online payment platform Pi Pay that promises to sync the two companies’ systems.

Sunday saw Sathapana CEO Norihiko Kato and Pi Pay CEO Tomas Pokorny preside over a ceremony marking the deal. It will allow customers to transfer money from their bank accounts to their digital wallets free of charge.

Kato hailed the partnership, saying Pi Pay is a pioneer in the Kingdom’s emerging technology sector.

“We want our customers to enjoy the convenience and benefits of growing technology in the current financial sector. This is why we are collaborating with Pi Pay,” he said, adding that Sathapana has 169 branches throughout the Kingdom.

Pokorny said only around 20 per cent of Cambodians currently utilise banking services. The partnership, he said is aimed at bringing more customers into the fold.

He added that while Pi Pay currently offers services to residents of the capital and Siem Reap only, it will soon expand to the Sihanoukville market as well.

phnompenh post



NEWS SAME CATEGORY

AMK sells 80 per cent stake to bank from Shanghai

AMK Microfinance, the country’s fifth largest such institution by total assets last year, has sold 80 per cent of its stake to China’s Shanghai Commercial & Savings...

Firms back loan relief measures for victims

Representatives from the Kingdom’s microfinance sector on Sunday said the industry was keeping a close watch on those impacted by the Mekong River flooding, and...

Landing a partner Wing-CMS tie up ready to take flight

Local mobile banking services provider Wing (Cambodia) Limited Specialised Bank, inked a memorandum of understanding (MoU) with Capital Management Solutions (CMS)...

Chip Mong moves into banking sector

Cambodian conglomerate Chip Mong Group has expanded its business interests in the Kingdom to the financial sector by adding Chip Mong Commercial Bank to its...

Nearly 1M apply for consumer credit in first half

Some 905,000 Cambodians applied for consumer credit in the first half of this year compared with 670,000 over the same period last year, the latest report from the...

Japan banks expand with SE Asia partnerships

Major Japanese banks are teaming up with Southeast Asian financial institutions to increase their presence in the region.

Central bank links up for Thai pay system

The Kingdom’s central bank unveiled plans on Wednesday to collaborate with its counterpart in neighbouring Thailand to launch a QR code payment system, a bank...

NBC reiterates ID not to be used as collateral

The National Bank of Cambodia (NBC) has once again reminded all private lenders not to take ID cards or family books as collateral for loans, according to a...

Local MFIs roll with the changes

The Cambodian microfinance sector has seen major changes over the past two years.

Growth forecast upped by NBC

The National Bank of Cambodia (NBC) raised its economic growth forecast for this year up to seven percent, according to the bank’s mid-year report.


MOST READ


Back To Top