Cambodian customers can make QR code payment more easily at all shops in Thailand via Sathapana Mobile
Phnom Penh, 01 December 2022 – Sathapana Bank, a leading commercial bank in Cambodia, enters into a partnership with Cambodian Commercial Bank (CCB) and Siam Commercial Bank (SCB), a leading universal bank in Thailand, to offer an easy, fast and secure cross-border payment solution between Cambodian customers and more than 7 million merchants in Thailand.
Through this partnership agreement, Sathapana Bank’s customers who are on a business or tour trip to Thailand can now enjoy making QR code payments via Sathapana Mobile at all shops displaying a Thai QR Payment logo. This new service is free of charge and all payments are only in Khmer Riel.
“We are very excited to partner with CCB and SCB on this new cross-border payment initiative. With this collaboration, we believe that our customers will find it easier to pay for goods or services when they visit Thailand for either holiday or work purposes,” says Mr. Fung Kai Jin, Chief Executive Officer of Sathapana Bank.
“At Sathapana Bank, we want to improve customer experiences with Everyday Banking Convenience while promoting Khmer Riel for international payment transactions. We choose Thai bank to be our partner because Thailand is the most visited and top spending destination among Cambodian people,” he adds.
QR or quick response code technology is a payment solution that promotes contactless, fast and secure payment capabilities to both customers and merchants through mobile apps such as Sathapana Mobile.
To make payment using Sathapana Mobile, follow these easy steps:
- Log into Sathapana Mobile
- Select Sathapana Pay
- Scan merchant’s QR code with logo “THAI QR PAYMENT”
- Enter amount and confirm payment
- Receive e-Slip
SCB and CCB, as the sponsoring bank, is the intermediary managing effective and secure payment transactions between Cambodian and Thai banks at both ends. The cooperative development helps promote local currencies with less exchange risks as the payment will be automatically converted to a local currency that enables more convenience to the increasing number of travelers between the two countries.
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 Labour and Vocational Training. We cooperate with mobile payment providers such as WING, Pi Pay, TrueMoney, Ly Hour Veluy, eMoney, and Bakong to further our customers' convenience.
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.
About Cambodian Commercial Bank (CCB)
CCB, which is 100% owned by SCB, is one of the sponsoring banks for the interoperable QR code payment between Cambodia and Thailand. Under a cooperative framework of the National Bank of Cambodia (NBC) and the Bank of Thailand to develop interoperable payment infrastructure and standards, SCB serves as an interoperable QR code payment intermediary in Thailand.
CCB is the first commercial Bank in Cambodia since 1991 with branches in 4 strategic locations in the country. CCB has been providing extensive commitment to serve both Thai and Cambodian customers. This has been shown through our accomplishment to be the first Thai Bank to provide OFF-premise ATM, VISA Master Card in Cambodia.
About Siam Commercial Bank (SCB)
Siam Commercial Bank was established as the first Thai Bank under the Royal Charter of King Rama V in 1907. The Bank offers a comprehensive array of financial services to all client sectors, including large corporations, small and medium-sized companies, and retail clients and maintains an extensive network of branches and service centers across the nation. Siam Commercial Bank is committed to being "The Most Admired Bank" by building a balance in its operations involving its main stakeholders, including customers, employees, shareholders, regulators, and society. The Bank strives to be a pioneer in laying the groundwork for Thailand's future banking operations. For more information, please visit www.scb.co.th.