Sathapana Bank Announces Partnership with eMoney; Launches Fund Transfer, Cash In and Loan Repayment Services

Phnom Penh, 12 May 2020 – Sathapana Bank officially announced today its partnership with eMoney offering an easy and secure way of fund transfer between a Sathapana bank account and eMoney wallet using Sathapana Mobile and eMoney App.

The partnership also allows Sathapana customers to do cash deposit, in addition to loan repayment, at more than 8,000 eMoney agents located all over Cambodia.

“This partnership with eMoney is a continuing testament to our aspiration to be the leader in Cambodia in terms of the digital banking experience while offering the best in class customer experience,” said Mr. Lim Aun, Chief Executive Officer of Sathapana Bank.

Mr. Lim also emphasized that Sathapana Bank is digitalizing more processes to fulfill the bank’s convenient and safe, anywhere anytime customer pledge. He added that the alliance with eMoney will make it even easier for customers to perform cashless transactions.

"This partnership will provide more convenience for both customers of eMoney and Sathapana Bank. eMoney agents will also become a bank counter since it will allow Sathapana customers to do cash deposits to their accounts through our over 8,000 agents nationwide," said Mr. Pham Doan Cuong, Chief Executive Officer of eMoney.

To celebrate the partnership, customers can transfer money from Sathapana Mobile to eMoney App and from eMoney App to Sathapana Mobile with ZERO fee charge. And for Sathapana loan customers making loan repayment at any eMoney agents, they will only pay 50% of the service fee. The promotion will run from May 11 to July 31, 2020.

About Sathapana Bank
Sathapana Bank is one of the leading commercial banks in Cambodia with total assets of over US$ 1.7 billion and more than 4,000 employees. We have the second largest branch network in the country with more than 170 branches and more than 200 ATMs with cash recycling capability. We provide full banking services such as loans, deposits, iBanking, Mobile Banking, debit & credit cards, domestic and foreign remittances, Western Union, trade finance and other services. We have partnered with mobile payment providers such as WING, Pi Pay, TrueMoney, Ly Hour Veluy eMoney and Bakong to give further convenience to our customers.

About eMoney
eMoney is a Payment Service Institution subsidiary of Metfone, which is it's  biggest shareholder with 99% total share. E-MONEY PAYMENT SOLUTIONS PLC. is one of the leading mobile finance service providers with services such as: Money Transfer, Bill Payments, Phone Top Up, among others. Customers can access the service using the eMoney App or through its network of over 8,000 agents nationwide.