Canadia Investment Holding PLC (“CIH”) from Cambodia and Singapore’s Fullerton Financial Holdings Pte. Ltd. (“Fullerton”) is pleased to announce the launch of DaraPay, a new digital wallet and payment platform in Cambodia. DaraPay's vision is to provide customers with the access to simple and fast payments. DaraPay wallet customers will be able to complete local remittances, cash-in and cash-out, airtime top-ups, loan repayments, and bill payments.
Neak Okhna Pung Kheav Se, Chairman of CIH noted "The retail environment in Cambodia is rapidly changing. Digital payments will be a key enabler, and we seek to grow DaraPay into a significant player in the market. Canadia looks forward to fully supporting DaraPay across its extended ecosystem, starting first with Canadia Bank. "
Fullerton’s Executive Vice President and also Chairman of Canadia-Fullerton Mobile Money Co., Ltd, Mr Loh Niap Juan, commented "Fullerton has seen how digital payment services can change the landscape of financial services in other countries such as China. We believe that Cambodia is at the inflexion point in its development of digital payments, and we are excited to be part of this journey with the people of Cambodia. We are fully committed to supporting the DaraPay team, leveraging from our experiences in other markets. "