ABA​ Bank​ becomes​ Best​ Digital​ Bank​ in​ Cambodia​ 2019​ by​ Asiamoney

03/01/2020

ABA​ Bank​ becomes​ Best​ Digital​ Bank​ 1ABA​ Bank​ becomes​ Best​ Digital​ Bank​ 1

ABA​ Bank,​ a​ subsidiary​ of​ National​ Bank​ of​ Canada,​ announces​ today​ it​ became​ the​ “Best​ Digital​ Bank​ in​ Cambodia​ 2019”​ by​ Asiamoney,​ regional​ arm​ of​ Euromoney,​ the​ international​ financial​ magazine.​ The​ award​ is​ bestowed​ on​ ABA​ for​ its​ digital​ dominance​ unparalleled​ in​ the​ sector,​ expanding​ reach,​ and​ strong​ backer​ which​ is​ National​ Bank​ of​ Canada.

Experts​ from​ Asiamoney​ highly​ praised​ ABA’s​ achievements​ in​ digital​ business​ transformation,​ modernization​ of​ its​ digital​ channels​ and​ development​ of​ the​ best-in-class​ banking​ application​ ABA​ Mobile​ with​ innovative​ services​ and​ features​ such​ as​ card-less​ ATM​ withdrawals,​ issuance​ of​ virtual​ cards​ for​ online​ and​ QR​ payments,​ boost​ of​ PayWay​ platform​ for​ e-commerce,​ and​ a​ number​ of​ other​ innovations.

“ABA​ embraces​ digitalization​ more​ than​ any​ of​ its​ local​ peers.​ Digital​ banking​ is​ a​ leading​ part​ of​ its​ business​ and​ is​ based​ on​ ABA​ Mobile​ app.​ Its​ E-Cash​ feature,​ which​ enables​ card-less​ ATM​ withdrawals,​ was​ used​ 370,000​ times​ in​ 2018.​ Other​ advancements​ include​ ABA​ Pay,​ for​ QR​ code​ and​ cashless​ payments,​ and​ e-commerce​ payments​ service​ PayWay,”​ says​ Asiamoney​ editor​ in​ its​ write-up​ about​ ABA.

“The​ Bank​ continues​ to​ add​ features,​ recently​ adding​ a​ service​ for​ international​ money​ transfers,​ while​ it​ is​ also​ partnering​ with​ global​ payments​ platforms​ AliPay​ and​ UnionPay​ to​ enhance​ its​ QR-based​ payments​ system,”​ adds​ Asiamoney​ editor.

Having​ adopted​ the​ ‘digital-first’​ strategy,​ ABA​ becomes​ a​ market​ frontrunner​ thanks​ to​ its​ customer-centric​ approach​ and​ early​ move​ into​ mobile​ banking.​ The​ Bank​ invests​ heavily​ in​ new​ technologies​ and,​ as​ a​ result,​ outperforms​ in​ financial​ digitalization.

“It’s​ a​ great​ pleasure​ to​ be​ named​ the​ Best​ Digital​ Bank​ in​ Cambodia​ 2019,”​ comments​ Zokhir​ Rasulov,​ Chief​ Digital​ Officer​ at​ ABA​ Bank.​ “This​ accolade​ proofs​ that​ we​ are​ on​ the​ right​ track​ in​ developing​ modern​ customer-centric​ financial​ products​ to​ Cambodian​ people​ and​ businesses,​ leveraging​ on​ technologies.​ This​ is​ true​ that​ ABA​ Mobile​ is​ the​ number​ one​ choice​ for​ most​ individuals​ and​ businesses​ in​ Cambodia​ thanks​ to​ its​ security,​ performance,​ and​ best​ user​ experience.​ Over​ the​ past​ year​ alone,​ the​ customer​ base​ of​ the​ mobile​ app​ has​ more​ than​ doubled.​ We​ are​ continuously​ working​ on​ development​ of​ our​ other​ digital​ products​ and​ platforms​ in​ order​ to​ make​ the​ financial​ life​ of​ our​ customers​ easier.”

ABA​ Bank​ manages​ the​ total​ assets​ of​ US$​ 4.35​ billion​ (as​ of​ 31​ December​ 2019)​ and​ serves​ more​ than​ 730,000​ customers​ through​ the​ extensive​ network​ of​ 77​ branches,​ 550+​ self-banking​ spots,​ and​ advanced​ online​ banking​ and​ mobile​ banking​ platforms.​ The​ bank’s​ leading​ position​ in​ digital​ and​ mobile​ banking​ and​ strong​ growth​ across​ its​ businesses​ won​ it​ a​ credit​ rating​ upgrade​ this​ year​ from​ S&P​ Global​ Ratings,​ which​ gives​ the​ Bank​ ‘B+’​ credit​ rating​ with​ “Stable”​ outlook.

About​ Asiamoney
For​ over​ three​ decades,​ Asiamoney​ has​ been​ the​ voice​ of​ the​ banking​ and​ capital​ markets​ industries​ in​ Asia.​ During​ that​ time,​ this​ publication​ has​ been​ instrumental​ in​ covering​ developments​ in​ finance​ in​ the​ most​ exciting​ region​ in​ the​ world.​ Each​ issue​ of​ Asiamoney​ contains​ in-depth​ reports​ and​ banking​ awards​ in​ up​ to​ six​ markets​ in​ Asia-Pacific.​ Asiamoney’s​ award​ decisions​ are​ made​ by​ a​ team​ of​ senior​ journalists,​ chaired​ by​ Euromoney’s​ editor,​ after​ receiving​ detailed​ submissions​ from​ market​ participants​ and​ in​ conjunction​ with​ research​ into​ the​ banking​ and​ capital​ markets​ by​ the​ editorial​ committee.​ Senior​ editors​ also​ visited​ each​ country​ or​ territory​ to​ meet​ leading​ bankers​ and​ gather​ client​ and​ competitor​ feedback.