Logo of Phnom Penh Post newspaper Phnom Penh Post - Pi Pay links up with local bank Sathapana

Pi Pay links up with local bank Sathapana

Content image - Phnom Penh Post
A man passes the head office of Sathapana Bank in Phnom Penh last month, after the bank removed its corporate logo. Pha Lina

Pi Pay links up with local bank Sathapana

Sathapana Bank has inked a partnership agreement with online payment platform Pi Pay that promises to sync the two companies’ systems.

Sunday saw Sathapana CEO Norihiko Kato and Pi Pay CEO Tomas Pokorny preside over a ceremony marking the deal. It will allow customers to transfer money from their bank accounts to their digital wallets free of charge.

Kato hailed the partnership, saying Pi Pay is a pioneer in the Kingdom’s emerging technology sector.

“We want our customers to enjoy the convenience and benefits of growing technology in the current financial sector. This is why we are collaborating with Pi Pay,” he said, adding that Sathapana has 169 branches throughout the Kingdom.

Pokorny said only around 20 per cent of Cambodians currently utilise banking services. The partnership, he said is aimed at bringing more customers into the fold.

He added that while Pi Pay currently offers services to residents of the capital and Siem Reap only, it will soon expand to the Sihanoukville market as well.

MOST VIEWED

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Mr Pancake or M Crepe? Tasty by any title

    Crowds of people gather around a lone man with a mobile food cart every day at around 2pm in front of the Institut Francais du Cambodge to order what many say are the best crepes in Phnom Penh. To some – even to the man making

  • Phnom Penh condo market loses steam

    Just four new condominiums were launched for sale last year in the capital, down from 17 in 2020, according to research by CBRE Cambodia. The four developments comprised “more than 1,000” units, while the 17 in 2020 consisted of 10,866, the real estate firm reported. CBRE Cambodia categorises condos as “high-range”, “

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer

  • Molnupiravir treatments available at Cambodia Post

    The working group overseeing the management, distribution and supply of strategic drugs in the fight against Covid-19 at the Ministry of Post and Telecommunications has begun distributing 200mg molnupiravir capsules with the brand name Molnatris at all branches of its Cambodia Post from January 19 in