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navigate_nextMedianavigate_nextOur Newsnavigate_nextACLEDA Bank Plc. Partners with MoneyGram to Enable Cross-Border Remittances via ACLEDA Mobile
ACLEDA Bank Plc. Partners with MoneyGram to Enable Cross-Border Remittances via ACLEDA Mobile
June 15, 2022
Phnom Penh, June 15, 2022 – ACLEDA Bank Plc., "The bank you can trust, the bank for the people" has announced today a partnership with MoneyGram International, Inc. ("MoneyGram"), a global leader in the evolution of digital P2P payments. Through this partnership, customers can now use the ACLEDA mobile app – powered by MoneyGram's global payment rails and near real-time capabilities – to send and receive money to more than 200 countries and territories around the world.
This customer-centric partnership further strengthens the money transfer process for consumers in Cambodia through the following channels:
- Sending money from Cambodia to an overseas destination – Using the ACLEDA mobile application at their convenience, customers in Cambodia can now transfer money to family and friends around the world. Recipents can either pick up cash at MoneyGram agent locations, or can receive money directly into their bank account or mobile wallet.
- Receiving money in Cambodia – For international money transfers into Cambodia, customers now can input MoneyGram reference number on the ACLEDA mobile app to receive money.
- For the future – Sending and receiving money at local branch in Cambodia – This partnership paves the way for future capabilities, such as allowing customers to send and receive cash at ACLEDA Bank branches in Cambodia.
"We are very pleased to partner with ACLEDA Bank and provide increased coverage and financial inclusion for customers in Cambodia," said Vijay Raj Poduval, Regional Head of Southeast Asia and Indo-China at MoneyGram. "Launching our leading international money transfer capabilities through the ALCEDA mobile app is aligned with our strategy to provide consumers with more digital options."
Dr. In Channy, President & Group Managing Director of ACLEDA Bank, said, "The cooperation between ACLEDA Bank and MoneyGram offers fast, convenient, and reliable way of overseas fund transfer via ACLEDA Mobile in term of payment of goods or tuition fee or family support anywhere and anytime. The customers and public can transfer fund to bank's accounts in overseas or cash pick up at global network of MoneyGram in over 200 countries and territories. Furtheremore, the customer can directly transfer to bank accounts at ACLEDA Bank or cash pick-up at any nearby branch's counters of ACLEDA Bank by simply using the 8 digits of reference number and identification card."
Dr. In Channy added, "This cooperation will enable the customers, business partners, and public to do a convenient real-time cross-border money transfer via ACLEDA Mobile which is becoming a critical step in helping customers, business partners, and public for supporting their business and daily lives."
About ACLEDA Bank Plc.
ACLEDA Bank Plc. has 4 subsidiaries, they are ACLEDA Institute of Business, ACLEDA Securities Plc., ACLEDA Bank Lao Ltd., and ACLEDA MFI Myanmar Co., Ltd. as well as representative offices in the Republic of the Union of Myanmar. By March 2022, ACLEDA Bank Plc. had US$8.16 billion in total assets, US$5.79 billion in total credit portfolios and US$5.90 billion in total deposits with over 3.44 million customers.
Mr. Phal Sokchamroeun, VP & Deputy Head of Marketing Division of ACLEDA Bank Plc.
Phone: 015 800 903
E-mail: phal.sokchamroeun@acledabank.com.kh
About MoneyGram International, Inc.
MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, delivers innovative financial solutions to connect the world's communities. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities, MoneyGram has grown to serve over 150 million people in the last five years. The Company leverages its mofifdern, mobile, and API-driven platform and collaborates with the world's top brands to serve consumers through its direct-to-consumer digital channel, global retail network, and embedded finance business for enterprise customers. MoneyGram is also a leader in pioneering cross-border payment innovation and blockchain-enabled settlement. For more information, please visit ir.moneygram.com, follow @MoneyGram on social media, and explore the website and mobile app through moneygram.com.
