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