ABA​ Bank​ and​ SECC​ facilitate​ online​ payment​ solutions​ for​ investors

21/01/2020

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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.