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navigate_nextMedianavigate_nextOur Newsnavigate_nextOfficial Launch of GLN Cross Border CPM QR Payments in Cambodia
Official Launch of GLN Cross Border CPM QR Payments in Cambodia
June 19, 2023
Phnom Penh, June 19, 2023, ACLEDA Bank Plc. "ACLEDA Bank", the first listed Commercial Bank in Cambodia, announced the official launch of GLN CPM Cross Border QR Payments via POS terminals in Cambodia with the Global Loyalty Network "GLN International Inc.", a global network of digital wallets for cross-border mobile payments.
This will enable the digital wallet users in GLN's network from the Republic of Korea and all around the world to pay for goods and services in Cambodia through their domestic mobile wallets by presenting their QR codes to be scanned at POS terminals.
Dr. In Channy, President & Group Managing Director of ACLEDA Bank, said that "We are delighted to be strategic partners with Global Loyalty Network, which empowers global tourists with cross-border financial services through its global network of digital wallets. With this successful cooperation, users of mobile wallets in GLN network will be able to make cross border payments at ACLEDA Merchants across Cambodia more conveniently, faster, safer and inclusively.
Mr. Kim Kyung Ho, CEO of the Global Loyalty Network said "Thanks to the support of National Bank of Cambodia, together with our strategic partner, ACLEDA Bank in Cambodia, we are glad to set another important milestone in the transformation of cross-border digital payments. Expansion of GLN services to Cambodia adds value to our current network which includes Hong Kong, Japan, Laos, Singapore, South Korea, Taiwan, Thailand, Unites States, and Vietnam. Enabling tourists visiting Cambodia to pay at merchants with their domestic wallets contributes to seamless travel experience, reduces cost of payment, and boosts digitalization of payments in Cambodia. Further on, we look forward to expanding the scope of our partnership through integrating QR ATM cash withdrawal service, Cross-border Digital Remittance service and Cambodia Outbound Payments which will enable Cambodians to pay overseas with Cambodian digital wallets".
About ACLEDA Bank Plc.
Currently, 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 the end of March 2023, ACLEDA Bank had US$9.44 billion in total assets, US$6.58 billion in total credit balances, and US$6.79 billion in total savings deposits with over 4.07 million customers. At the end of April 2023, the Bank had 2.76 million subscribers of ACLEDA Mobile and 240,000 businesses.
About the Global Loyalty Network "GLN International Inc."
GLN International Inc, a subsidiary of KEB Hana Bank, one of the largest financial institutions in Korea, also backed by KB Kookmin Bank, Kakao Payments Inc from Korea, Taishin Bank from Taiwan, and SuMi Trust Bank from Japan, is the fastest-growing global network of mobile wallets for cross-border financial transactions such as mobile payments, mobile ATM cash withdrawal and mobile remittance. GLN services are now available in Hong Kong, Japan, Laos, Singapore, South Korea, Taiwan, Thailand, Unites States, and Vietnam.
