Logo of Phnom Penh Post newspaper Phnom Penh Post - Money matters: City water signs deal with bank

Money matters: City water signs deal with bank

Money matters: City water signs deal with bank

ACLEDA Bank inked a deal yesterday to allow users of its mobile banking service to make payments to the Phnom Penh Water Supply Authority.

The bank has conducted a similar service with Electricite de Cambodge since August 2009, according to its President and Chief Executive Officer In Channy.

“It’s another great achievement,” he said in a press release.

The bank also launched its ACLEDA Unity mobile banking service in July.

Ek Sonn Chan, head of the water supply authority, said: “The use of the commercial banking system to manage payment transactions for water supply is designed to enhance the financial accountability of PPWSA.”

The authority is one of at least two state-owned firms set to float on the Cambodian stock exchange, when it launches next July. 

MOST VIEWED

  • Reuters: US Embassy fired 32 staff members for sharing pornography

    The United States Embassy in Phnom Penh has fired 32 non-diplomatic staff members who were allegedly caught exchanging pornographic images and video, including of minors, according to the news agency Reuters. Four sources, who spoke on condition of anonymity, told Reuters the content was shared in

  • Our 2018 guide to spending Khmer New Year in Phnom Penh

    Khmer New Year festivities are upon us. For the next few days, travellers will be making their way to their home provinces to eat, celebrate, play traditional games and visit a pagoda with offerings. If you will be staying put in Phnom Penh for the

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the