Sathapana Bank and TrueMoney Sign Partnership Agreement

Phnom Penh, 15th July 2019 - Sathapana Bank, one of Cambodia’s leading commercial banks, officially launched today its financial service cooperation with TrueMoney, offering a convenient and secure way of transferring money instantly between a Sathapana account and TrueMoney wallet using the Sathapana Mobile App and TrueMoney App as well as loan repayment of Sathapana customers via TrueMoney agents throughout Cambodia.
This latest partnership of Sathapana Bank with TrueMoney reflects the commitment of both companies to provide a safer, faster and easier way of moving money for both the digitally-savvy and unbanked Cambodians.
“We are delighted to announce that it is now very easy and smooth to make fund transfer from Sathapana Bank account to TrueMoney wallet.  Sathapana’s loan customers can also make loan repayment through TrueMoney App by making money transfer to Sathapana’s savings or current account which will be automatically applied for loan repayment,” said Mr. Lim Aun, Chief Executive Officer of Sathapana Bank.

“Or the loan customers can also make loan repayment by making cash-in at TrueMoney agents located all over the country.  Through Sathapana Mobile and iBanking services it’s very easy to do fund transfer (or top-up) from Sathapana account to a TrueMoney wallet,” Mr. Lim Aun added.
“To celebrate the partnership, customers could transfer money from Sathapana Mobile to TrueMoney App and from TrueMoney App to Sathapana Mobile with ZERO fee charge. This promotion will be from 15 July to 15 October, 2019. We are now officially announcing it and we think that it will be an attractive offer to customers,” said Ms. UK Ravy, Managing Director of TrueMoney Cambodia.
Sathapana Bank continues to offer effective digital platforms for customers to move money to support any personal or business needs wherever they are in the country. With a touch of a button, Sathapana Bank brings modern financial services to its customers through the Sathapana Mobile and now through the TrueMoney App.

About Sathapana Bank
Sathapana Bank is one of the leading commercial banks in Cambodia with total assets of over US$ 1.3 billion and more than 4,000 employees. We have the second largest branch network in the country with 171 branches and 161 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.

About TrueMoney
TrueMoney is a mobile payment provider in Cambodia that enables customers, who are typically “unbanked”, to access financial services using their mobile phone or/ and the TrueMoney agent network (Terminal POS). TrueMoney is building a network of agents and strategic partners to provide a suite of financial payment services.