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Logo of Phnom Penh Post newspaper Phnom Penh Post - ABA Bank introduces PayWay service to boost online businesses in Cambodia

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ABA Bank introduces PayWay service to boost online businesses in Cambodia

ABA Bank, the member of the National Bank of Canada Group, officially launches its own online payment gateway for merchants. The service is called PayWay. Being perfectly tailored to the local business needs, PayWay provides secure, convenient and easy-to-integrate solution that helps entrepreneurs sell their products or services online and accept payments instantly.

Currently, PayWay enables Cambodian businesses to accept payments from Mastercard or Visa cards directly into their bank account. In the nearest future, more payment options will be introduced to the platform. 

The service is offered at competitive rates and becomes the best in class tool for various local businesses, such as hotels, online shops, food delivery, online travel portals, restaurants, cinemas, and others. Launch of PayWay goes in line with ABA Bank’s strategy to provide the best financial solutions to its customers and reflects rapid growth of online commerce in the Kingdom.

“We at ABA Bank are closely tracking the changes in the local market. With the increase of access to the Internet and growing popularity of gadgets, the consumers’ buying behavior changes accordingly. In this regard, we developed and launched PayWay payment gateway platform that would help to grow the e-commerce in the market and carter various types of businesses,” said Mr. Zokhir Rasulov, Chief Digital Officer of ABA Bank. “PayWay provides the unique online checkout experience to consumers and can be easily integrated with merchant’s existing website or mobile application developed for iOS or Android platforms.”

With PayWay payment gateway, merchants will stay informed on sales performance of their business and can perform various transactions remotely from their PC or smartphone. 
For more information about PayWay payment gateway platform, please visit its website.

About ABA Bank:

ABA Bank is one of Cambodia’s leading banking institutions founded in 1996 as the Advanced Bank of Asia Limited. Today, ABA offers the entire spectrum of high quality services to customer segments covering SMEs, microbusinesses, and individuals. With 49 branches, 62 self-banking kiosks and 187 ATMs across the country (as of 1 July 2017), ABA reaches out to a large amount of customers with an array of modern financial services and digital banking solutions. At 30 June 2017, ABA Bank’s total assets equaled to US$1.33 billion, making it the fourth largest bank in Cambodia. 

The major shareholder of ABA Bank is National Bank of Canada (www.nbc.ca), the sixth largest bank in Canada and the leading bank in Quebec where it is the partner of choice among SMEs.

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