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navigate_nextMedianavigate_nextOur Newsnavigate_nextMemorandum of Understanding Signing Ceremony between Ministry of Commerce and ACLEDA Bank Plc. on Usage of E-Payment Services on CambodiaTrade
Memorandum of Understanding Signing Ceremony between Ministry of Commerce and ACLEDA Bank Plc. on Usage of E-Payment Services on CambodiaTrade
November 26, 2024
Phnom Penh, November 26, 2024, ACLEDA Bank Plc. "ACLEDA Bank", the first listed Commercial Bank in Cambodia, hereby announces that Ministry of Commerce and ACLEDA Bank signed a Memorandum of Understanding "MOU" on the Usage of E-Payment Services of ACLEDA Bank for settlement of goods on CambodiaTrade Market to provide convenient, quick, and secure payment services as well as to facilitate e-commerce operations on CambodiaTrade Market.
ACLEDA Bank is pleased and would like to express our deep gratitude to the Ministry of Commerce for choosing ACLEDA Bank as payment partner in the CambodiaTrade Market and always supporting ACLEDA Bank.
Furthermore, the Ministry of Commerce always encourages and promotes trade in Cambodia, both domestically and internationally, to contribute to the development of the national economy and the development of digital technology in Cambodia.
The MoU signing ceremony was presided over by Her Excellency CHAM Nimul, Minister of Commerce and Dr. In Channy, President & Group Managing Director of ACLEDA Bank Plc. as well as leaders of the Ministry of Commerce and management of ACLEDA Bank.
This MOU is crucial in establishing a strategic partnership and promoting cooperation between the Ministry of Commerce and ACLEDA Bank as follows:
- Connect between the CambodiaTrade Market of the Ministry of Commerce and the payment system of ACLEDA Bank in order to make payment for the goods at CambodiaTrade Market to ensure that the e-commerce operations are smooth, effective, and transparent.
- Foster the SME development in Cambodia by expanding the market scope for small and medium enterprises in the e-commerce operations.
- Boost the SME development in Cambodia through fostering awareness and capacity of management in both local and international digital payments.
- Promote the uses and trade via e-commerce as well as Fintech for digital payments.
This national e-commerce market has not only supported and developed the business of SME in Cambodia, but also participated in the development of the digital economy, ensuring a global inclusion and strengthening entrepreneurial skills to increase products sales, to expand business, and to increase additional career opportunities for Cambodians.
In addition, customers and the public can order a variety of goods quickly and easily at anytime and anywhere. In the meantime, they can also make the payment easily and securely through ACLEDA Bank's online payment services such as ACLEDA mobile, KHQR Code, Account Number, and all ACLEDA Cards including VISA, Mastercard, JCB, UnionPay International (UPI) & DCI cards at both local and international.
About ACLEDA Bank Plc.
ACLEDA Bank has 4 subsidiaries including ACLEDA University of Business Co., Ltd.; ACLEDA Securities Plc.; ACLEDA Bank Lao Ltd.; and ACLEDA MFI Myanmar Co., Ltd. and a representative office in the Republic of the Union of Myanmar.
By the end of September 2024, ACLEDA Bank had US$10.40 billion in total assets and US$7.98 billion in total savings deposits with over 4.84 million customers.
Currently, ACLEDA Bank had more than 481,000 business partners and 4.1 million ACLEDA mobile subscribers.
ACLEDA Bank Plc.
Mr. Neth Piseth, Head of Financial Services Division
Phone: 015 700 111
E-mail: neth.piseth@acledabank.com.kh
