Logo of Phnom Penh Post newspaper Phnom Penh Post - ACLEDA, WU to enable global money transfers

ACLEDA, WU to enable global money transfers

Content image - Phnom Penh Post
ACLEDA president In Channy at a workshop held at the bank’s head office in the capital, in 2020. Heng Chivoan

ACLEDA, WU to enable global money transfers

Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app.

In Channy, president and group managing director of ACLEDA, said the June 22 agreement with WU would facilitate a fast, convenient and reliable way of overseas fund transfer via ACLEDA mobile from anywhere at any given time.

“With this partnership, customers would be able to transfer money [to recipients] who can pick up the cash at retail locations worldwide.

“Customers have multiple options on our digital platform to conduct transactions including the ACLEDA Bank account or e-wallet,” he said.

Channy viewed the cooperation as vital because it aims to connect people with opportunities by providing access to solutions that empower them to move money using their preferred way.

WU head of Philippines, Malaysia, Brunei and Indochina Jeffrey Navarro said ACLEDA’s collaboration with his company would continue to deepen its digital capabilities, to reach more customers and enable them to connect to the digital economy.

WU’s global network spans more than 200 countries and territories.

“We are pleased to provide our service on ACLEDA mobile, offering digital solutions that empower people and communities,” Navarro said.

According to the bank, customers can also receive money via WU which will be deposited into their ACLEDA account or e-wallet by inputting the “money transfer control number” (MTCN) in the app.

Alternatively, customers can also pick up their money transfers at the nearest ACLEDA Bank.

As of March 31, ACLEDA reported $8.16 billion in total assets, $5.79 billion in total credit portfolios and $5.90 billion in total deposits. It has about 3.44 million customers.

MOST VIEWED

  • Wing Bank opens new branch in front of Orkide The Royal along Street 2004

    Wing Bank celebrates first anniversary as commercial bank with launch of brand-new branch. One year since officially launching with a commercial banking licence, Wing Bank on March 14 launched a new branch in front of Orkide The Royal along Street 2004. The launch was presided over by

  • Girl from Stung Meanchey dump now college grad living in Australia

    After finishing her foundational studies at Trinity College and earning a Bachelor’s degree from the University of Melbourne in 2022, Ron Sophy, a girl who once lived at the Stung Meanchey garbage dump and scavenged for things to sell, is now working at a private

  • Ministry using ChatGPT AI to ‘ease workload’; Khmer version planned

    The Digital Government Committee is planning to make a Khmer language version of popular artificial intelligence (AI) technology ChatGPT available to the public in the near future, following extensive testing. On March 9, the Ministry of Post and Telecommunications revealed that it has been using the

  • Wat Phnom hornbills attract tourists, locals

    Thanks to the arrival of a friendly flock of great hornbills, Hour Rithy, a former aviculturist – or raiser of birds – in Kratie province turned Phnom Penh tuk tuk driver, has seen a partial return to his former profession. He has become something of a guide

  • PM urges end to ‘baseless’ international Ream base accusations

    Prime Minister Hun Sen urges an end to “baseless” foreign accusations surrounding the development of the Kingdom’s Ream Naval Base, as the US has consistently suggested that the base is being expanded to accommodate a Chinese military presence. Hun Sen renewed his calls while

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to