Pi Pay, the local cashless payment gateway, has entered into an agreement with the Ministry of Public Works and Transportation to provide cashless solutions to its many public services.
The agreement means that all payments for public transportation and vehicle registration could soon be made using mobile phones.
“By using a cashless payment system, we hope to improve public service efficiency by eliminating unofficial payments and providing customer convenience.
“They [customers] can pay directly through Pi Pay, with no need to line up for payment anymore,” said Minister Sun Chanthol.
Public services provided by the ministry include technical vehicle inspection services, driving tests and licences for transportation businesses.
The tie-up with Pi Pay is not the first for the ministry, which has already tied up with similar services provided by Wing, Ly Hour and Smart Pay.
Pi Pay CEO Tomas Pokorny said the partnership with the ministry is a major step towards boosting the use of cashless payment technology in the Kingdom. He said that he foresees the cooperation extending across the country to regional offices in 25 provinces.
The company launched in Cambodia last June, and has already cooperated with thousands of retail merchants such as coffee shops, restaurants and retail establishments.
Pi Pay is also building a network of banking partnerships that have begun enabling people to deposit money from their digital wallets into their bank accounts, or vice versa.
“We will provide a lot of services beyond payments and focus on digital solutions too,” Pokorny said.
He said partnerships like this will encourage even more Cambodians to embrace the convenience and security of going cashless in all aspects of their lives. It will also improve inclusion and financial literacy among the population, he said.
Pokorny said Pi Pay counts more than 250,000 users and 2,000 merchants using its app.