Phnom Penh (FN), Aug. 29 – BANKOGRAPH Pte. Ltd., and Cambodia Asia Bank (CAB Bank), a commercial bank in Cambodia, which offers a range of financial services for businesses and individuals, announced that the bank has launched payment service via KHQR code in partnership with Bankograph, a leading fintech in SE Asia.
The CAB Bank KHQR is currently available in a number of prominent F&B and Entertainment venues in Phnom Penh and CAB Bank is actively pushing to grow its acceptance network across the country.
KHQR is a universal quick response (QR) code system created for banking and financial institution and payment service providers serve the consumers for other goods and services settlement in Cambodia via CAB mobile, Bakong app and other banks belongs to Bakong's KHQR network.
Thy Truong Nguyen Anh, COO, BANKOGRAPH, said, “Bankograph is cooperating closely with Cambodia Asia Bank to push digital payments in Cambodia to grow faster than ever, bringing more benefits to our users and merchants. It will also make digital transformation easier for corporates, generating greater and more sustainable growth through smart electronic payment solutions."
“CAB Bank had surveyed and get to know that the shops and other service providers would like to have a single QR code to accept all local and internal payment networks instead of different QR code from different banks and payment service provider to make more convivence for their customers. Moreover, on 4 July, the National Bank of Cambodia (NBC) launched the KHQR code payment service which would help businesses to accept digital payment from users of any participating banks in Bakong network through a single QR code and make transactions easier for customers.
So, CAB Bank must launch this solution immediately not only to keep up with CAB Bank growth today, but also long into the future,” said Niraj Gupta, head of digital banking of CAB Bank.
About Cambodia Asia Bank:
Cambodia Asia Bank (CAB Bank), a commercial bank in Cambodia commits to build a strong and sustainable financial future for bank's customers and constantly strives to create opportunities and value through innovative products and services. CAB Bank prides itself not only on being a financial service provider, but also on being the preferred business partner of our clients.
For more information: https://www.cab.com.kh/
About BANKOGRAPH Pte. Ltd.:
BANKOGRAPH, the Singapore-based fintech company, one of the fastest growing digital banking, finance companies in Indochina countries owns end-to-end PCI-DSS Certified Digital Banking Platform. Bankograph provides a range of innovative & digital banking products and services such as: Card management & processing services, AI-driven Financial Commerce platform and Buy Now Pay Later (BNPL) solution as a flagship of this platform, Digital Onboarding Small and Medium Enterprises and customers product, with value-added services in fraud and risk management, as well as business data analytics to Cambodia commercial banks.
For more info: https://www.bankograph.com/