Cambodian bank selects M-Com for m-banking


M-Com says that ACLEDA Bank has selected its flagship product – BankAnywhere – to power its mobile banking and payment services.

‘We are delighted to have been selected by ACLEDA to help them execute their self-service strategy,’ comments Adam Clark, CEO, M-Com. ‘Mobile phones have transformed the lives of many Cambodians in a positive way, and we will work with ACLEDA to bring them compelling mobile financial services that deliver convenience, control and more financial freedom to them.’

ACLEDA will deploy M-Com’s BankAnywhere product within its secure data center in Phnom Penh and integrated to its Temenos T24 core banking system. The solution will enable ACLEDA customers to make person-to-person payments, pre-paid top-up, utility bill payments and manage their finances in both Khmer and English scripts. These services will be available through text messaging, mobile browser and downloadable application interfaces and support multiple currencies and language scripts as required by ACLEDA’s customers.

‘As a fast-growing bank in a rapidly-developing economy, we were looking for a complete mobile banking and payment solution. We want to make sure that our mobile services are universally available to our customers, are safe for them to use and deliver the dependability and reliability that ACLEDA is known for,’ says Mr. In Channy, president, ACLEDA Bank. ‘We will be leapfrogging the internet channel and going straight to mobile.’