Oriental Bank managing director Datuk Phan Ying Tong (left ) and AirAsia Cambodia CEO Vissoth Nam signed the MoU on October 11. AIRASIA
Budget airline AirAsia and Oriental Bank Plc have forged a “strategic” partnership to introduce a payment option aimed at promoting KHQR for passengers.
The collaboration, finalised last week, promises to deliver enhanced payment choices for Cambodians and offers Oriental Bank’s customers the convenience of easy flight bookings, according to a company statement.
Vissoth Nam, CEO of AirAsia Cambodia, said the partnership would grant passengers increased convenience during their travels to and from Cambodia.
“As we prepare to dominate Cambodia’s skies in the coming months, we’re excited to partner with Oriental Bank, a frontrunner in delivering innovative digital banking solutions. They are among our first financial service allies,” he stated.
“Given the digital transformation of the Cambodian consumer payments scene, we believe our partnership will deliver an unmatched user experience for domestic travellers. Our focus remains steadfast: empower consumers with choices and opportunities that resonate with our mission to serve the underserved. We are deeply committed to championing innovations that redefine Cambodian travel,” he added.
Datuk Phan Ying Tong, managing director and CEO of Oriental Bank, conveyed his gratitude to Nam and his team for placing their trust in the bank for this digital payment initiative.
“AirAsia Cambodia’s choice to team up with us in offering a client-focused payment solution fills us with immense pride. Since our establishment, we have made considerable strides in a short time. Our achievements include providing cutting-edge payment systems tailored to the requirements of an aviation powerhouse like AirAsia,” he stated.
In late September, AirAsia’s parent firm Capital A, in collaboration with its Cambodian counterpart Sivilai Asia, laid the groundwork for a maintenance, repair and operations (MRO) venture in the country. This endeavour, under their wholly-owned offshoot Asia Digital Engineering (ADE), is touted as pivotal to Capital A’s commercial aviation blueprint for the coming years.
The arrangement stipulates ADE’s 60 per cent stake ownership in the joint MRO enterprise, with Sivilai Asia holding the remaining 40 per cent. ADE has committed to infuse $1.2 million into this joint venture, allocated in two phases: an initial tranche during pre-incorporation and a subsequent one post-incorporation, according to a company report.
