Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - BIDC aims for text message banking

BIDC aims for text message banking

THE Bank for Investment and Development of Cambodia has partnered with Cambopay to launch an SMS banking service in the Kingdom.

The two Vietnamese-owned companies would not disclose the financial details of the deal, but BIDC officials did say the service would be free for customers through September 30.

“The new service will provide convenient financial solutions for customers, using mobile phones,” said BIDC Vice Chairwoman Nguyen Thi Ngoc Ha.

SMS banking allows customers to conduct transactions such as account balance inquiries amd fund transfers via their handsets.

Cambopay, which aims to works with banks and other service providers to deliver non-cash payment products, will handle the technology behind the BIDC’s new offering.

The firm’s chairman Tran Tri Manh said high growth rates in the Kingdom’s telecommunications market demanded this type of banking service. “Introducing banking utilities to customers via mobile phones is a move in the right direction,” he said.



Please, login or register to post a comment

Latest Video

Senate passes amendments allowing seat redistribution

Following last week's events, when Prime Minister Hun Sen proposed redistributing the Cambodia National Rescue Party’s National Assembly seats among minor opposition parties, the controversial amendments were passed a

Life with the indigenous communities of Mondulkiri

The Indigenous People's Lodge in the lush highlands of Mondulkiri, one of the Kingdom's most sparsely populated provinces, offers of a taste of traditional life.

Watch our video to find out more.