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.