Phnom Penh, 15 August 2022 - Sathapana Bank, a leading commercial bank in Cambodia, has officially launched its partnership with one of the country’s leading fintech firms, TrueMoney.
This partnership enables customers of Sathapana Bank to be able to withdraw cash from any of the 10,000 plus TrueMoney agents nationwide as they would do at a normal ATM.
Mr. Jean Pierre Gagnon, Deputy Chief Executive Officer of Sathapana Bank said: “At Sathapana, we’re hyper-focused on continuous innovation to better service our customers. Turning every TrueMoney agent into a human ATM allows us to offer everyday banking convenience to our customers no matter where they live. This banking without boundaries allows a parent to send money to their kids in the city or a father working in the city to send money to his mother in the province for instance. While we have one of the largest ATM and branch networks in the country, this partnership with TrueMoney strengthens our reach and provides ample choices to our clients.”
Ms. KHUON Frandara, Chief Strategy Officer of TrueMoney (Cambodia) said: “The banking and financial services that companies provide are improving day-by-day within the nation. With this partnership, we will be able to look forward to more adjustments and value-added services that will provide Cambodia with seamless and efficient financial and payment services.”
To promote the official partnership, Sathapana Bank and TrueMoney are offering a zero-fee special promotion for three months to any Sathapana customers withdrawing money at any True Money agent by using the ‘Human ATM’ service feature on the award-winning Sathapana Mobile app. This service will bring everyday banking convenience to customers and offer easily accessible cash withdrawals more conveniently, quickly, and safely.
This promotion will be available to customers from the 15th of August onwards and will end on the 31st of October 2022.
More to come between Sathapana and True Money.
About Sathapana Bank
Sathapana Bank is a leading commercial bank in Cambodia, with total assets of over US$ 2.4 billion and more than 4,000 employees. We have an extensive branch network nationwide with more than 170 branches, 3 Sathapana Premier Banking halls, and more than 250 ATMs. We provide complete banking services such as loans, deposits, iBanking, Mobile Banking, debit & credit cards, domestic and foreign remittances, cross-border fund transfers with SWIFT and Visa B2B Connect, Western Union, trade finance and other financial services. In addition, we offer tax collection services and public service payments with the Ministry of Public Works and Transportation and the Ministry of Labor and Vocational Training.
Recently, Sathapana Bank won two prestigious awards “Best Mobile Banking App Awards 2022” and “Mobile Banking & Payment Initiative of the Year” from the UK-based Global Brands Magazine and Asian Banking & Finance Retail Banking Awards for its newly revamped mobile banking app, Sathapana Mobile. These two awards are a testament to our continuous effort and commitment to serve our customers better as the needs for mobile banking services continue to grow and digital experiences like Sathapana Mobile is part of the Cambodian lifestyle.
TrueMoney is a leading international Fintech brand and part of Ascend Money, a digital financial services venture of The Charoen Pokphand Group (CP Group) and Ant Financial (Alibaba), two of the largest companies in Asia. The TrueMoney group is now one of the largest financial life platforms in Southeast Asia. TrueMoney has grown its presence from just 1 market to 6 markets in a short space of time. TrueMoney currently has significant operations in Thailand, Cambodia, Myanmar, Indonesia, Vietnam, and the Philippines. TrueMoney currently has the largest regional agent network in SEA with 65,000 agents, as well as the largest payment volume with USD8 billion in 2019. In addition, the TrueMoney wallet is the number 1 E-wallet in Thailand.