Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia Post hopes to deliver for e-giants

Cambodia Post hopes to deliver for e-giants

Cambodia Post hopes to deliver for e-giants

State-owned Cambodia Post plans to launch a new e-commerce company in a move to latch onto the growth of online transactions in the Kingdom and diversify its revenue streams, a company executive said yesterday.

The new company, Cambodia Post E-Solution, will strive to partner with e-commerce giants such as China’s Alibaba Group and act as the distribution arm for deliveries while facilitating payments.

“We have prepared all the necessary steps to launch our e-commerce service by the second half of this year,” Ork Bora, director general of Cambodia Post, said yesterday during the company’s annual meeting.

Besides trying to garner support from international e-commerce platforms, the new endeavour would also pursue state partnerships.

“We want support from government institutions, for instance Apsara Enterprise to be able to sell Angkor Wat tickets online,” he said.

Cambodia Post E-Solution will also provide e-banking services and online courier services, as well as facilitate payments to relevant government institutions such as the tax department, he added.

Cambodia Post’s revenue increased by 74 percent last year to $9.45 million, compared to $5.42 million in 2015, according its annual financial report. Net profit in 2016 reached $586,481, a massive 195 percent jump.

Chum Borey, founder of Roserb.com, an online shop that specialises in cosmetics and clothing, said that while a state-backed e-commerce company would increase competition in the nascent sector, it would provide more consumer confidence for those venturing into digital shopping.

“More big operators in the market will help to improve customers’ perception about shopping online through public awareness,” he said. “It will also help the e-commerce sector develop faster.”

So Phonnary, vice president of Acleda Bank, said e-commerce activity has steadily been increasing over the years as shoppers shift to digital ordering. The bank itself launched an e-commerce payment gateway in 2015 and has now partnered with 10 other payment platforms.

“Consumers are more educated and understand the benefits of e-commerce,” she said. “There is a lot of potential to run a professional e-commerce company in Cambodia.”

MOST VIEWED

  • Stock photo agencies cash in on Khmer Rouge tragedy
    Stock-photo companies selling images from S-21 raises ethics concerns

    A woman with short-cropped hair stares directly into the camera, her head cocked slightly to the side. On her lap is a sleeping infant just barely in the frame. The woman was the wife of a Khmer Rouge officer who fell out of favour, and

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Prime Minister: Take back islands from inactive developers

    The government will “take back” land on roughly 30 islands from private companies that have not made progress on planned developments, Prime Minister Hun Sen said in a speech on Monday that also targeted land-grabbing villagers and idle provincial governors. Speaking at the inauguration of the

  • Land on capital’s riverfront is opened up for investment

    The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the