ABA’s PayWay platform wins second Asia eCommerce Award
ABA Bank, the leading Cambodian bank in digital finance, has received a top recognition for its payment platform, PayWay, at the third annual edition of the Asia eCommerce Awards. The accolade marks the excellence of PayWay for the second year in a row.
The award is bestowed on PayWay for providing the best eCommerce payment solution to local businesses in Cambodia. The judges applauded the convenience of PayWay for collecting and managing online payments and specifically praised one of the new features added to the gateway this year.
The "Credentials on File" feature helps to process recurring or future payments automatically. With this feature, PayWay merchants can store with consumers' consent their credit card or ABA account credentials for the next regular or scheduled purchases. Merchant can only see the encrypted details of consumer’s credit card or bank account while the real details are securely stored on PayWay servers.
This new feature became a valuable addition to the services that PayWay already offers to its users:
- Invoicing Tool;
- Online checkout with credit/debit card and ABA PAY;
- Displaying or printing payment QR code on third-party sources;
- PayWay Mobile, mPOS application;
- ABA PAY: QR-based mobile payment for both online and in-store purchases; and
- Merchant Portal.
Zokhir Rasulov, Chief Digital Officer at ABA Bank commented on the occasion, “This is a great achievement of ABA to retain the wins for two years in a row. We see a significant interest in PayWay from local merchants this year, as the importance of reliable online payment solutions increased especially due to social distancing requirement during this Covid time.
“PayWay is now used by hundreds of businesses in Cambodia to boost their online sales. Recently, we also launched the PayWay Mobile app for in-store merchants. The service is available for a wide range of merchants and we believe it will help stimulate the growth of cashless transactions and popularize the payments in KHR.”
Perfectly tailored to the local business needs, PayWay solution is a secure, convenient and easy-to-integrate payment platform that helps entrepreneurs sell their products or services online or in-store and accept payments instantly. For more information on the award-winning PayWay payment platform, please visit our website page or send an email to the sales team at paywaysales@. ababank.com
About the Asia eCommerce Awards
The Asia eCommerce Awards, organized by MARKETING-INTERACTIVE honors the eCommerce initiative/works as well as reflect the breadth and creativity of the industry and showcase the best industry players from brands and retailers/Marketplace to agencies and enablers in South Asia, Southeast Asia and ANZ regions.
The award categories covered the full spectrum of the eCommerce projects. All entries were evaluated and judged by a panel of experienced marketers and industry experts.