ABA Bank, Cambodia's largest commercial bank and leading digital finance provider, has acquired two prestigious awards from the International Finance Magazine.
This year marks the first time the comprehensive ABA Business, an online banking platform has been titled Cambodia's Best Corporate Online Banking Solution. The other accolade of ABA is the second-time Cambodia's Best Digital Bank that exhibits its remarkable achievements and outstanding performance in the financial sector.
Revolutionizing Cambodian business banking
ABA Bank has been at the forefront of modernizing banking solutions in the country, leveraging advanced technologies across its range of services. Since its launch in 2018, the ABA Business online banking platform has seen remarkable growth, catering to businesses of all sizes—from small enterprises to large multinational corporations—while providing top-notch security and convenience.
The ABA Business platform has solidified its leading position in the financial market by offering a comprehensive suite of features that enable businesses to efficiently manage their operations. These include staff and management payroll, utility payments, tax and customs duties, scheduled and batch payments, and a wide array of services for managing collections and disbursements.
Additionally, the platform allows seamless integration with third-party ERP and back-office systems through Host-to-Host services, as well as third-party accounting systems for faster reconciliation. These features, combined with two-factor authentication and a multi-level approval process, significantly reduce manual workflows, minimize errors, enhance operational efficiency, provide utmost security and easily blends into customer business processes.
It is also noteworthy to mention that from 2021 to 2023, ABA Business experienced an impressive annual growth of 43% in its customer base. During the same period, the platform saw a 200% surge in transactions, exceeding $10 billion in value. This growth underscores ABA Bank's commitment to delivering tailored banking solutions for businesses of all sizes in Cambodia, reflecting the trust and confidence placed in the bank by its clients.
Setting the standard in digital finance
With digital transformation, ABA continues to excel in online banking solutions with Cambodia's most prominent, popular, and user-friendly application – ABA Mobile, and a merchant-centric application – ABA Merchant.
In 2023, ABA experienced a surge in its mobile banking app user base and KHQR payment merchant network by 30% and 43%, respectively. The Bank has been constantly upgrading and enhancing the advancement of both apps to provide convenience and security to its users.
The latest ABA Mobile 5.0 has a fresh revamped interface allowing personalization of themes, font size, and widgets, catered differently to each user, and a data-free access initiative, where customers can access the app without data charge for specific mobile operators. ABA Mobile users can also scan ThaiQR codes after the introduction of Bakong's cross-border payment to the app.
The ABA Merchant app includes a new analytic feature, allowing merchants to access and analyze their transaction data more efficiently, leading to better customer engagement.
These two applications reinforce ABA's leadership in digital payments, ensuring unparalleled convenience for its customers.
Acknowledged and awarded by numerous international publications, ABA shows persistence and commitment to its customers, contributing to the growth of the country's banking and financial sector, and living up to its title as Cambodia's Best Bank.
About ABA Bank
ABA Bank is Cambodian largest commercial bank by total assets, deposits, and loans per the National Bank of Cambodia's Supervision Reports 2021-2023. With over 4 million customers, ABA leads in digital finance through its modern mobile and online banking solutions. These platforms offer innovative, secure services for individuals and businesses of any size, underscoring ABA's commitment to advancing digital transformation in the country's financial sector.
