ABA Bank partners with Smart Axiata allowing customers to transfer funds between accounts
Phnom Penh, 17th October 2017 – ABA Bank, a leading Cambodian commercial bank and member of National Bank of Canada Group, has expanded its partnership with Smart Axiata, the leading mobile telecommunications company in Cambodia, to offer customers linkage between ABA accounts and SmartLuy wallets to ease the fund transfer service.
Within this partnership, customers now can do money transfers in real time between ABA accounts and SmartLuy wallets using the ABA Mobile app and SmartLuy app, both in USD and KHR currency, at a reasonable fee. In addition, ABA customers get the possibility to put money into their loan repayment accounts at ABA Bank through the extensive network of SmartLuy agents nationwide. In future, customers of the Bank also will be able to cash out funds from their bank accounts at any SmartLuy agent.
“We are pleased to announce our expanded partnership in digital finances with Smart Axiata, the long-term strategic partner. This collaboration is a natural fit to our goal of providing the best banking solutions to the customers and thriving digital economy of Cambodia,” said Mr. Askhat Azhikhanov, CEO of ABA Bank. “In particular, this agreement now allows our customers to regularly repay their loans back to ABA through the SmartLuy agent network, even during public holidays or after hours, which definitely brings maximum convenience to our clients,” he added.
“This new service that SmartLuy offers its customers is in line with our desire to promote the use of digital financial services in Cambodia. Together with ABA Bank, both our customers are able to deposit and transfer money quickly and conveniently,” Mr. Thomas Hundt, CEO of Smart Axiata said. “Through our expanding agent network and increased merchant acquisition in future, customers will soon enjoy the full capability of SmartLuy.”
Currently, more than 1,000 SmartLuy agents serve individuals and businesses across Cambodia. With a SmartLuy wallet, customers can perform bill payments, deposits or withdrawals, mobile top-ups, money transfers and online payments.