Visa QR Payments Launched

Visa Inc. in cooperation with the National Bank of Cambodia (NBC) and other private banks launched Visa QR payments at Sofitel Phnom Penh Phokeethra on Dec. 20.

Mr. Heng Bo Makara from the NBC said QR payments is a key financial infrastructure in contribution to the economic development to catch up with the development of financial technology, especially give opportunity and advantages of new payment service to banking and financial institutions. It will contribute to enhancing payment safety and effectiveness as well as financial inclusion both locally and abroad, he added.

Ms. Chum Monica, Country Manager for VISA Cambodia, highlighted the significance of Visa QR payments, saying that this new payment service is safe, easy and time-saving and reduces cost effectively. This is an important evolution in digital payments in Cambodia, she added.

According to Ms. Chum Monica, the private banks cooperating with Visa Inc. in using QR payments are ABA Bank, ACLEDA Bank Plc., AEON Specialised Bank (Cambodia) Plc., Canadia Bank Plc., and Foreign Trade Bank of Cambodia (FTB). It will be available at 600 stores like Master Suki Soup, EFG Group (The Pizza Company, Bar-B-Q Plaza, Swenson's, Dairy Queen and Krispy Kreme), Yummy Food Co., Ltd., U-Care Pharma, Kiwi Marts, Yinkok Food Corp (Tous les Jours, Asia Kitchen, Lotteria Burger), Zando Fashion Shop, Park Cafe, etc. in Cambodia.

Source: Agency Kampuchea Press