Phnom Penh, Cambodia, August 7, 2024 – PPCBank, one of Cambodia’s most influential commercial banks, has teamed up with its strategic partner, Kosign, to enter into a Memorandum of Understanding (MoU) with ChokChey Finance Plc. The deal paves the way for the streamlining of payments for ChokChey Finance customers, using the PPCBank bill collection ecosystem.
PPCBank and Kosign Ink Deal With ChokChey Finance To Facilitate Easier Customer Payments
The landmark MoU was signed in Phnom Penh by PPCBank President, Mr. LEE Jin Young, the CEO of ChokChey Finance, Mr. Park Cheon Gil, and the CEO of Kosign, Mr. Seol Wook Hwan. Witnessing the signing ceremony were representatives from PPCBank, ChokChey Finance, and Kosign.
“The MoU with ChokChey Finance is a testament to our commitment to leveraging technology and our banking expertise to provide innovative payment solutions for ChokChey Finance and its many customers,” he said. “Thanks to this collaboration, ChokChey Finance’s customers will now have a variety of payment options, including PPCBank Dynamic KHQR and other digital payment platforms using the WeBill365 service,” he added.
ChokChey Finance has emphasized that partnering with PPCBank and Kosign is enabling the institution to enhance its service delivery and ensure that its customers have multiple convenient channels available to them for paying their bills. The institution says the collaboration will significantly improve the efficiency of its operations and provide a better customer experience.
This is the latest in a string of MoUs which PPCBank and Kosign have recently co-partnered, to further drive the Bank’s commitment to make banking easy, and bring an ever-increasing number of Cambodians into the national banking system, in order to improve living standards and help local businesses to grow.