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

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in

  • Angkor provides ‘valuable’ water storage

    The Apsara National Authority (ANA) has stored millions of cubic metres of water at reservoirs in the Angkor area after Cambodia experienced a series of rainstorms over the last few days. The storing of the water, besides serving temple conservation, will also be used to

  • PM urges caution as Polish man tests positive for Covid

    The Ministry of Health on Wednesday reported that a 47-year-old Polish man tested positive for Covid-19 after arriving in Cambodia on Monday. There are a total of six Covid-19 patients currently in the country, all of whom are being treated at the Khmer-Soviet Friendship Hospital

  • Banteay Meanchey floods kill one more as death toll reaches 15

    As floodwaters start to recede in Pursat, Battambang and Pailin provinces and Phnom Penh, Banteay Meanchey continues to bear the brunt as one more person was killed on Monday, bringing the total number of flood-related deaths to 15 in the province this month. Banteay Meanchey provincial

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from