Pi Pay yesterday inked yet another partnership with a financial institution to expand the reach of its digital payment services in the Kingdom.
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The local cashless payment gateway and RHB Indochina Bank have teamed up, allowing RHB account holders to pay for goods and services wherever Pi Pay is accepted.
RHB account holders can instantly transfer funds from a mobile banking app account to a Pi Pay wallet.
Speaking at the partnership signing ceremony, Pi Pay CEO Tomas Pokorny said his company has quickly become the leading cashless payment provider in Cambodia since launching in 2017, and merchants continue to add Pi Pay payment services to support customer needs and demands.
He said the new partnership is yet another example of Pi Pay seeking to expand Cambodia’s cashless landscape and to facilitate payments for goods and services.
“To this end, we are always looking to make it as convenient as possible for users to add money to their Pi Pay wallets.
“This has seen us steadily partner with financial institutions including ABA Bank, Sathapana, and AMK – with others to be announced shortly – and I am very happy to add RHB Bank as our first Malaysian bank to this list today.
He said Pi Pay’s vision is to allow everyone in Cambodia to access secure and convenient cashless payments, a vision shared with RHB, who also seeks to use technology to boost financial inclusion in Cambodia.
“Malaysian banks are well respected and well regulated, and this partnership is a sign of their trust in Cambodia, and Pi Pay.
“Working with some of the most professional and visionary financial partners, banks and microfinance institutions – who know the communities in which they work and the services they need – helps make cashless payments more accessible,” Mr Pokorny added.
Adissadikin Ali, RHB’s head of international business, said, “By collaborating with Pi Pay, we aim to strengthen our digital footprint in Indochina and establish more accessible and connected payment systems that drive a cashless environment.
“We are pleased to be able to work with a reputable and proven partner, with a strong presence in the region, and we are confident that we will be able to offer more versatile solutions to our customers in Indochina.
“Technology has indeed empowered us, and today we are leveraging on this technology to enhance our solutions and offerings,” Mr Adissadikin said.
Pi Pay has more than 250,000 active users, who collectively have transferred over $140 million using the app.
As an authorised provider for Alipay and WeChat, and boasting a UnionPay license, Pi Pay is also helping to develop the payment landscape for the millions of tourists in hotspots like Siem Reap and Sihanoukville.
RHB is one of Malaysia’s largest financial services groups. It has more than 300 branches across Southeast Asia, including Singapore, Thailand, Vietnam, Laos, and Hong Kong.
In Cambodia, RHB has 12 branches, eight of which are in Phnom Penh.