ABA​ Bank​ and​ TrueMoney​ partner​ to​ provide​ easy loan​ repayment​ and​ money​ transfer​ services

19/08/2019

ABA​ Bank​ and​ TrueMoney​ partner 1ABA​ Bank​ and​ TrueMoney​ partner 1
ABA​ Bank​ and​ TrueMoney​ partner 2ABA​ Bank​ and​ TrueMoney​ partner 2
ABA​ Bank​ and​ TrueMoney​ partner 3ABA​ Bank​ and​ TrueMoney​ partner 3
ABA​ Bank​ and​ TrueMoney​ partner 4ABA​ Bank​ and​ TrueMoney​ partner 4
ABA​ Bank​ and​ TrueMoney​ partner 5ABA​ Bank​ and​ TrueMoney​ partner 5

ABA​ Bank,​ a​ leading​ Cambodian​ commercial​ bank​ and​ member​ of​ National​ Bank​ of​ Canada​ Group,​ and​ TrueMoney,​ a​ leading​ payment​ service​ provider​ in​ Cambodia,​ officially​ announce​ the​ partnership​ that​ offers​ convenient​ loan​ repayment​ and​ money​ transfer​ services​ to​ their​ customers.

Under​ the​ partnership,​ loan​ borrowers​ of​ ABA​ Bank​ can​ deposit​ cash​ into​ their​ ABA​ accounts​ through​ the​ largest​ network​ of​ over​ 10,000​ TrueMoney​ agents​ across​ the​ country.​ Additionally,​ customers​ can​ transfer​ money​ seamlessly​ between​ TrueMoney​ wallets​ and​ ABA​ accounts​ –​ using​ TrueMoney​ and​ ABA​ mobile​ apps​ anytime​ and​ from​ anywhere.

The​ loan​ repayment​ service​ helps​ ABA​ customers​ whose​ place​ of​ business​ or​ residence​ is​ located​ closer​ to​ a​ TrueMoney​ agent​ than​ to​ ABA’s​ branch.​ The​ process​ of​ loan​ repayment​ is​ fast​ and​ simple:​ ABA​ customer​ needs​ to​ provide​ TrueMoney​ agent​ with​ their​ 9-digit​ account​ number,​ phone​ number​ and​ necessary​ amount​ in​ USD​ or​ KHR.​ After​ the​ transaction​ is​ done,​ the​ customer​ receives​ notification​ through​ SMS​ and​ in​ ABA​ Mobile.

The​ money​ transfers​ between​ applications​ are​ carried​ out​ in​ just​ several​ taps​ and​ can​ be​ found​ under​ Transfers​ section​ of​ ABA​ Mobile​ app​ and​ under​ Transfer​ section​ of​ TrueMoney​ app.

“We​ are​ delighted​ to​ officially​ launch​ our​ partnership​ with​ TrueMoney​ on​ loan​ repayment​ and​ money​ transfer​ services.​ The​ first​ phase​ of​ our​ cooperation​ that​ started​ in​ late​ 2018​ helps​ thousands​ of​ our​ loan​ customers​ to​ replenish​ their​ bank​ accounts​ easily,​ saving​ time​ and​ efforts,”​ said​ Askhat​ Azhikhanov,​ CEO​ of​ ABA​ Bank.​ “From​ now​ on,​ our​ customers​ can​ also​ transfer​ funds​ to​ TrueMoney​ wallets​ and​ use​ it​ to​ purchase​ goods​ and​ services​ or​ support​ their​ relatives.​ It​ is​ another​ big​ step​ to​ financial​ inclusion​ and​ expansion​ of​ modern​ banking​ services​ to​ people,”​ he​ added.

Commenting​ on​ the​ launch,​ Ms.​ Thi-Thom​ Pham,​ Head​ of​ Marketing​ at​ Ascend​ Group​ (parent​ company​ for​ TrueMoney​ Cambodia)​ said,​ “TrueMoney​ is​ an​ award-winning​ regional​ financial​ platform​ for​ the​ underserved​ and​ digital​ consumers.​ We​ serve​ over​ 40​ million​ customers​ in​ 6​ countries​ across​ South​ East​ Asia​ which​ clearly​ establishes​ us​ a​ Market​ Leader.​ In​ Cambodia,​ we​ have​ quickly​ become​ a​ Key​ Player​ with​ an​ extensive​ agents’​ network​ serving​ more​ than​ 2​ million​ customers​ with​ almost​ 3​ million​ transactions​ on​ a​ monthly​ basis.”

“I​ would​ also​ like​ to​ take​ the​ opportunity​ of​ this​ official​ announcement​ to​ inform​ all​ ABA​ app​ and​ TrueMoney’s​ app​ customers​ that​ we​ are​ preparing​ many​ interesting​ promotions​ for​ them​ to​ enjoy,​ so​ please​ stay​ tuned!”​ she​ added.

For​ further​ information​ on​ services​ provided​ by​ ABA​ Bank​ and​ TrueMoney,​ please​ contact​ ABA​ call​ center​ at​ 023​ 225​ 333​ or​ TrueMoney​ call​ center​ at​ 023​ 999​ 639.

About​ TrueMoney
TrueMoney,​ established​ in​ 2003,​ is​ a​ leading​ fintech​ company​ in​ Southeast​ Asia​ providing​ innovative​ payment​ and​ financial​ services​ across​ 6​ countries​ (Thailand,​ Myanmar,​ Indonesia,​ Cambodia,​ Philippines​ and​ Vietnam).

Due​ to​ lack​ of​ access​ to​ financial​ services,​ millions​ of​ lives​ have​ limited​ opportunities,​ so​ TrueMoney​ aims​ to​ become​ the​ best​ and​ largest​ financial​ platform​ connecting​ large​ active​ users​ base​ to​ extensive​ payment​ and​ financial​ services.
The​ company​ is​ serving​ more​ than​ 40​ Million​ users​ (in​ 2018)​ through​ its​ e-wallet​ application​ and​ through​ 65,000​ agents​ (TrueMoney​ centers)​ across​ the​ 6​ countries,​ it​ is​ the​ most​ widely​ spread​ fintech​ brand​ regionally.

TrueMoney’s​ secure,​ convenient​ and​ affordable​ eco-system​ offers​ seamless​ financial experiences​ for​ all​ anytime​ and​ anywhere.​ We​ are​ enabling​ changes:​ transforming​ how people​ and​ businesses​ pay,​ enjoy,​ live​ and​ do​ commerce​ better​ in​ this​ new​ digital​ era.

By​ leveraging​ on​ Ant​ Financial​ know-how​ and​ technical​ expertise​ and​ C.P.​ Group​ vast​ eco-system,​ it​ aims​ to​ build​ a​ regional​ digital​ financial​ platform​ connecting​ both​ consumer​ and​ SMEs​ to​ payment,​ banking​ and​ financial​ services.