ABA Bank partners with Smart Axiata allowing customers to transfer funds between accounts
ABA Bank, a leading Cambodian commercial bank and member of National Bank of Canada Group, has expanded its partnership with Smart Axiata, the leading mobile telecommunications company in Cambodia, to offer customers linkage between ABA accounts and SmartLuy wallets to ease the fund transfer service.
Within this partnership, customers now can do money transfers in real time between ABA accounts and SmartLuy wallets using the ABA Mobile app and SmartLuy app, both in USD and KHR currency, at a reasonable fee. In addition, ABA customers get the possibility to put money into their loan repayment accounts at ABA Bank through the extensive network of SmartLuy agents nationwide. In future, customers of the Bank also will be able to cash out funds from their bank accounts at any SmartLuy agent.
“We are pleased to announce our expanded partnership in digital finances with Smart Axiata, the long-term strategic partner. This collaboration is a natural fit to our goal of providing the best banking solutions to the customers and thriving digital economy of Cambodia,” said Mr. Askhat Azhikhanov, CEO of ABA Bank. “In particular, this agreement now allows our customers to regularly repay their loans back to ABA through the SmartLuy agent network, even during public holidays or after hours, which definitely brings maximum convenience to our clients,” he added.
“This new service that SmartLuy offers its customers is in line with our desire to promote the use of digital financial services in Cambodia. Together with ABA Bank, both our customers are able to deposit and transfer money quickly and conveniently,” Mr. Thomas Hundt, CEO of Smart Axiata said. “Through our expanding agent network and increased merchant acquisition in future, customers will soon enjoy the full capability of SmartLuy.”
Currently, more than 1,000 SmartLuy agents serve individuals and businesses across Cambodia. With a SmartLuy wallet, customers can perform bill payments, deposits or withdrawals, mobile top-ups, money transfers and online payments.
About Smart Axiata:
Smart Axiata Co., Ltd., Cambodia’s leading mobile telecommunications operator, currently serves 8 million subscribers under the 'Smart' brand. Smart Axiata is part of Axiata Group Berhad, one of Asia’s largest telecommunications groups.
Smart is at the forefront of mobile technology advancement in Cambodia. Smart was the first network to introduce 4G LTE in 2014, 4G+ in 2016 and 4G+ with HD Voice (VoLTE) in early 2017. In mid-2017, Smart introduced cutting-edge 4.5G, manifesting its data leadership position in Cambodia. Smart also provides 2G, 2.5G, 3G and 3.75G mobile services as well as international roaming across more than 190 countries. Its extensive nationwide network coverage stretches to more than 98% of the Cambodian population.
The company is also rapidly transforming itself into a digital lifestyle brand, having introduced many innovative offerings and lifestyle entertainment value propositions. This includes various international partnerships, with brands as diverse as Universal Music, Apple, Facebook and iflix, as well as digital services including SmartLuy, Smart Insurance, SmartPay, Smart Music and SmartNas. Smart aspires to become Cambodia’s Digital Champion, while playing an active role in socio-economic growth.
The company's workforce consists of more than 1000 local and foreign experts. Smart is committed to its customers, employees and the people of Cambodia, in delivering its promise of enriching their lives through world-class networks, exceptional digital experiences and through significant corporate social responsibility engagements.
Live. Life. Be Smart.