Logo of Phnom Penh Post newspaper Phnom Penh Post - Pi Pay links up with local bank Sathapana

Pi Pay links up with local bank Sathapana

Content image - Phnom Penh Post
A man passes the head office of Sathapana Bank in Phnom Penh last month, after the bank removed its corporate logo. Pha Lina

Pi Pay links up with local bank Sathapana

Sathapana Bank has inked a partnership agreement with online payment platform Pi Pay that promises to sync the two companies’ systems.

Sunday saw Sathapana CEO Norihiko Kato and Pi Pay CEO Tomas Pokorny preside over a ceremony marking the deal. It will allow customers to transfer money from their bank accounts to their digital wallets free of charge.

Kato hailed the partnership, saying Pi Pay is a pioneer in the Kingdom’s emerging technology sector.

“We want our customers to enjoy the convenience and benefits of growing technology in the current financial sector. This is why we are collaborating with Pi Pay,” he said, adding that Sathapana has 169 branches throughout the Kingdom.

Pokorny said only around 20 per cent of Cambodians currently utilise banking services. The partnership, he said is aimed at bringing more customers into the fold.

He added that while Pi Pay currently offers services to residents of the capital and Siem Reap only, it will soon expand to the Sihanoukville market as well.

MOST VIEWED

  • Cambodia unveils new quarantine regulations

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Cambodia sets new Covid-19 quarantine rules

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Hun Sen: Cambodia set to fully reopen

    Prime Minister Hun Sen concludes that the October 5-7 Pchum Ben public holiday, during which many people either flocked to their hometowns for family reunion or gathered at tourist attractions across the country, has not caused an outbreak of Covid-19. In a special address to

  • Will Evergrande change the way Chinese developers do business in Cambodia?

    China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward The dark blue netting draping over one of Yuetai Group Co Ltd’

  • Cambodia voted ‘world’s friendliest country’ in Rough Guides reader poll

    Cambodia ranked number one among the “World’s Friendliest Countries”, according to a reader poll conducted by London-based international website “Rough Guides”. Taking submissions through Twitter and Facebook, “Rough Guides”, a well-known travel agency and publisher of guidebooks, said the Kingdom “was by far the

  • S’ville set to turn into ‘second Shenzhen’

    The Ministry of Economy and Finance has awarded a master plan consultancy contract to top Chinese institute for the development and transformation of Preah Sihanouk province into a “Model Multi-Purpose Special Economic Zone”, Southeast Asia’s next logistics and resort hub and innovation centre. The