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ACLEDA Bank Plc. Signs the Memorandum of Understanding with UnionPay International

April 22, 2013

Phnom Penh, Date April 22, 2013, ACLEDA Bank Plc., a leading commercial bank for all sectors, the bank you can trust, the bank for the people, hereby announces that it signs the Memorandum of Understanding with UnionPay International Co., Ltd. on payment services (world class payment service) for mutual benefits.

Mr. Xu Luode, President of China UnionPay and Vice-Chairman of UnionPay International, said, "Currently, UnionPay cards reached more than 3.5 billion, UnionPay network has been extended to, including Vietnam, the world's 141 countries and regions, at the same time, UnionPay cards issued in more than 30 foreign countries and regions, as of the end of 2012. The UnionPay network processing bank card transaction volume in excess of $3.7 trillion, the second highest in the world, and will continued to maintain a rapid growth. He will work together with ACLEDA Bank Plc. with the trademark license agreement and show marking the two sides formally opened a new chapter of business cooperation. He hopes ACLEDA Bank Plc is going to fully accept UnionPay card, just like the brand concept, 'UnionPay With You'."

Dr. IN Channy, President & Group CEO of ACLEDA Bank Plc., said, "It is a great honor and pleasure for ACLEDA Bank Plc. that UnionPay International, who is one of the world leaders in payment services and the number one payment and settlement institution in China, has selected to be a strategic partner in payment service for our customers and Cambodian citizens with world class payment services through ACLEDA Bank Plc.'s branches and offices, and especially through the 962 Point of Sales as well as merchants of ACLEDA Bank Plc. throughout Cambodia."

The advantages of partnering with UnionPay International are enormous such as:

  • Customer — quick and broaden access to the global payment in 141 countries in the world and UnionPay cards issued in more than 30 countries, as of the end of 2012
  • ACLEDA Bank Plc. — generates new sources of incomes
  • UnionPay International — gains mutual trust from the customers because of ACLEDA Bank Plc., the bank you can trust, the bank for the people, and we can grow together through our largest branch and office networks.

ACLEDA Bank Plc. is the Cambodia's leading commercial bank for all sectors. We have provided best financial services and products, meeting the needs of our smart customers in all segments of the community for more than 21 years. We have 238 branches and offices throughout Cambodia, 31 branches and offices in Laos, and one office in Myanmar, with the total assets of over US$2 billion by the first quarter 2013. Currently, we have four subsidiaries such as: ACLEDA Bank Lao Ltd., ACLEDA Securities Plc., ACLEDA Training Center, and ACLEDA MFI Myanmar Co., Ltd. and strategically we are going to expand our operation in the ASEAN region and all potential countries along the Mekong River.

For more information, please contact:

Dr. SO Phonnary, Executive Vice President & Group Chief Operations Officer
E-mail:

Mr. PROM Visoth, Executive Vice President & Group Chief Legal Officer
E-mail:


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