CANADIA Bank Plc., Cambodia’s leading financial services provider and PTT (Cambodia) Limited (PTT), an international oil and retail company, have signed a Partnership Agreement on Digital Payment Services and Vendor Financing Scheme; which will enable both parties to strengthen its business operations throughout the Kingdom.
CANADIA Bank CEO, Mr. Raymond Sia Say Guan, and PTT Managing Director, Mr. Nuttapong Kaewtrakulpong, signed the agreement on Wednesday 15 December 2021 at the signing ceremony held at CANADIA Tower.
CANADIA Bank CEO Raymond Sia Say Guan (left) and PTT Managing Director Nuttapong Kaewtrakulpong signed the agreement on Wednesday. Supplied
As a part of the agreement, CANADIA Bank and PTT will explore opportunities to jointly develop partnership on payment solutions including e-payment services, cashless payment solution, and ATM network across all PTT’s operation nationwide. In addition to digital payment services, CANADIA Bank will offer supply chain financing package to PTT dealers.
As a quick win from this partnership, PTT Direct Debit Services by CANADIA Bank has been successfully developed and will be ready to serve PTT dealers by the end of this year. With Direct Debit Services, PTT dealers can settle their payments for PTT products and services via PTT E-Order system by transferring money from their CANADIA Bank accounts solely to PTT’s CANADIA Bank account “with a click”. The services will significantly shorten PTT products and services ordering process and fasten banking transactions with CANADIA Bank.
CANADIA Bank CEO Raymond Sia Say Guan says the agreement is a testament of a “win-win solution” for both parties. Supplied
Mr. Raymond Sia Say Guan, CEO of Canadia Bank commented: “Canadia Bank believes in establishing partnerships with our customers with a “win-win solution” always in-mind. Canadia Bank is delighted to form a partnership with PTT on payment solutions to customers, partners, and dealers. This agreement is a testament of a “win-win solution” for both parties and also represents the cooperation and partnership of two market leaders in their respective industries; with the eventual beneficiary of this initiative being our customers and also PTT’s vendors”. Mr. Nuttapong Kaewtrakulpong,
PTT Managing Director Nuttapong Kaewtrakulpong says he expects that they would continuously expand their strategic partnership to upgrade their customer experiences. Supplied
Managing Director of PTT commented: “We are truly delighted to be a business partner with CANADIA Bank and I would like to take this opportunity to congratulate to both of us for the successful launch of PTT Direct Debit Services by CANADIA Bank at the end of this year. This is a great start of our partnership and I expect that we would continuously expand our strategic partnership to upgrade our customer experiences to be efficient, and innovative”.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.