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 a linkage between ABA accounts and SmartLuy wallets and facilitate fund transfer services.
Customers can now transfer money – both US dollars and Cambodian riel – at a reasonable fee and in real time between ABA accounts and SmartLuy wallets using ABA Bank or SmartLuy’s mobile apps.
In addition, ABA customers can insert money in their loan repayment accounts at ABA Bank through SmartLuy’s extensive network of agents.
According to ABA Bank’s representatives, customers of the bank will soon 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 Askhat Azhikhanov, the 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,” said Thomas Hundt, the CEO of Smart Axiata.
“Through our expanding agent network and increased merchant acquisition in future, customers will soon enjoy the full capability of SmartLuy.”
Now SmartLuy has more than 1,000 agents servicing customers and businesses across the country. With a SmartLuy wallet, customers can perform bill payments, deposits or withdrawals, mobile top-ups, money transfers and online payments.
