ABA Bank and SECC facilitate online payment solutions for investors
ABA Bank, Cambodia’s leading digital financial institution, announces today the signing of Agreement with Securities and Exchange Commission of Cambodia (SECC) to provide convenient and free online payment solution for investors to settle their Investor ID registration fee.
The Agreement on providing online payment solutions to investors was signed between H.E. Sou Socheat, Director-General of SECC and Mr. Askhat Azhikhanov, CEO of ABA Bank, and witnessed by representatives of both institutions. Based on the Agreement and following successful integration, investors who wish to start investing in Cambodian securities market will be able to pay their Investor ID registration fee in Khmer riels using ABA PAY, cashless payment solution of ABA Bank, or their Visa, Mastercard or UnionPay cards. The payment can be made securely and at any time on the SECC website www.secc.gov.kh.
Speaking during the signing ceremony, ABA Bank CEO Askhat Azhikhanov said, “We are delighted to join hands with SECC and offer our digital solutions on online payment service to retail and institutional investors. As the securities market develops in Cambodia, we believe more people will decide to invest. And it is essential to provide them with a simple yet reliable tool to settle fee payments. The solution we will deploy on SECC website fully suits investors’ needs, providing multiple payment options and supporting the national currency, Khmer riel.”
In recent years, ABA Bank has been recognized as a market frontrunner due to its strategic focus on technologies and development of modern customer-centric financial products. The Bank’s achievements in digital business transformation were highly praised by Asiamoney magazine who named ABA “The Best Digital Bank in Cambodia 2019”.
The Bank’s leading position in digital and mobile banking and strong growth across all business segments has won it a credit rating upgrade from S&P’s Global Ratings, which raised from ‘B’ to ‘B+’ in December 2019.