Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - More Options and New Technology for Cashless Payment by PPCBank

More Options and New Technology for Cashless Payment by PPCBank

Content image - Phnom Penh Post

More Options and New Technology for Cashless Payment by PPCBank

Presently, many financial institutes armed with the latest financial-technology (Fintech) solutions are throwing their hats into the ring of the digital payment market in Cambodia. Phnom Penh Commercial Bank (PPCBank), with its ambition to grasp the leading position in payment services as an arm of its retail-banking operations, is paving its way to strengthening the card business. PPCBank is now ready to supply its very own point-of-sale (POS) terminals to stores in Phnom Penh and other major cities to expand the card-business sector, and it recently unveiled a new prepaid-card service with PayOn, which is launching today.

PPCBank is amongst the banks that provide both credit cards and debit cards to the customers and has already built its own merchant POS network for its card-acquiring service. Shin Chang Moo, the president of PPCBank, said: “We have integrated our long experience and expertise of card business in Korea and other countries into the Cambodian market with a dedicated customer-oriented service and believe that building the POS merchant network will be an initial stage of expanding channels to provide a leading service in innovation amongst other banks in the industry. We are also planning to team up with other major international card brands to roll out more options according to customers’ and merchant stores’ needs.”

Content image - Phnom Penh Post

PayOn card is a top-up-based prepaid card service equipped with all the necessary technologies for digital payment. Customers will be able to purchase and top up the PayOn cards at any branches of PPCBank in Phnom Penh. PayOn cards can be conveniently used at all PPCBank’s POS merchants including all Choice Taxi services. By just tapping PayOn card on the machine provided by all PPCBank merchants using Near-Field Communication (NFC) technology, customers can enjoy an immediate and very effortless payment experience.

Lee Jin Young, director of PPCBank in charge of strategic business, said that “PayOn service will help people to live their lives much simpler and easier. With our NFC and QR [Quick Response] technologies, customers can enjoyably make purchases of goods and services in a time-efficient manner. On top of this, when PayOn cards are integrated with bank accounts, customers will enjoy a real up-to-par impression of benefitting from a real cashless and digital environment for top-up, payment, and cash back using PayOn and mobile app. In addition to this, PayOn also allows customers to make convenient purchases online with mobile app.”

Recently in May, PPCBank launched the bank’s first mobile-banking application with assurance of cutting-edge technology that has achieved great feedback from the market for its differentiated and user-friendly service interface. PPCBank has consistently put lots of effort into building more convenient service terminals for corporate and retail customers, with the expectation to make strong impacts on the financial sector in Cambodia.

RECOMMENDED STORIES

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all

  • A ‘one-party dictatorship’: World reacts to CNRP decision as PM says China will fill gaps left by sanctions

    As international condemnation of the Supreme Court decision to dissolve the main opposition party continued to pour in yesterday, Prime Minister Hun Sen invited the United States and its allies to withdraw aid to the Kingdom, citing confidence in China’s continued support. Perhaps the