ABA Bank and Pi Pay announce partnership allowing customers to link accounts
ABA Bank, Cambodia’s leading private financial institution and Pi Pay, Cambodia’s leading cashless payment app signed a partnership agreement on October 11 that will allow customers of both entities to link their accounts to add convenience to their mobile banking and cashless payment apps.
Under the agreement, customers will now be able to transfer money seamlessly between Pi Pay mobile wallets and ABA accounts - using ABA and Pi Pay mobile apps.
“ABA has been at the forefront of the digital transformation of financial services in Cambodia and our internet and mobile banking platforms have revolutionized the way people bank in Cambodia. This partnership with Pi Pay is a natural next step for us and offers our customers mobile payment options, including some interesting discounts at a wide range of Pi Pay merchant partners,” said ABA Bank CEO Askhat Azhikhanov.
“The partnership also sets the groundwork for even more innovative services beyond the cashless merchant payments and we are extremely gratified to see that Pi Pay is paying its own staff payroll through the Pi Pay app linked to staff ABA accounts. This is a far more efficient and secure way of handling payroll and we are sure it will be attractive to many businesses in Cambodia,” Azhikhanov said.
Both parties in the new partnership are committed to supporting the government’s long-term vision for financial inclusion by helping to bring Cambodia’s unbanked population into the formal financial service sector.
“This is a very big step for us at Pi Pay and we are thrilled to be signing a partnership with ABA, widely recognized as the most innovative bank in Cambodia. We can now say Pi Pay is a truly cashless platform as customers can transfer money between ABA and Pi Pay accounts and then use that money to purchase goods and services from partner merchants without ever having to handle cash,” said Pi Pay CEO Tomas Pokorny at the signing ceremony.
ABOUT PI PAY
Pi Pay is the most innovative and complete cashless payment platform in Cambodia - built around a consumer-facing app that incorporates merchant payment services with a range of social and lifestyle features including Chat, Maps and Friend Finder, and a growing network of retail partners in the Kingdom.
Pi Pay services will change the face of Cambodia’s economy by combining convenience and reliability with the security and integrity of world-class payment technology and infrastructure. Add to that the widest range of partners in dining, entertainment, high-end retail and lifestyle brands and you have a market leader in payments in ASEAN’s fastest growing e-commerce economy.
Pi Pay Cambodia is backed by a prominent local business conglomerate in Cambodia that has built extensive holdings in property, infrastructure, hospitality, power and trading businesses over the last two decades.
Our deep roots in Cambodia’s economy and our knowledge of the retail trade and service delivery across different sectors provide a platform for success that is unsurpassed by our competitors.
Investing in the digital infrastructure that supports the Pi Pay platform is a logical extension of the company’s vision to act as a sustainable development partner for the Kingdom and to support a new generation of digital entrepreneurs and consumers.