Cambodia's Acleda Bank goes mobile with M-Com

"We are delighted to have been selected by ACLEDA to help them execute their self-service strategy" comments M-Com CEO and Founder, Adam Clark. "Mobile phones have transformed the lives of many Cambodians in a positive way, and we will work with ACLEDA to bring them compelling mobile financial services that deliver convenience, control and more financial freedom to them."

"As a fast-growing bank in a rapidly-developing economy, we were looking for a complete mobile banking and payment solution. We want to make sure that our mobile services are universally available to our customers, are safe for them to use and deliver the dependability and reliability that ACLEDA is known for" said Mr. In Channy, President and CEO of ACLEDA Bank Plc. "We will be leapfrogging the Internet channel and going straight to mobile".

ACLEDA will deploy M-Com's BankAnywhere product within its secure data center in Phnom Penh and integrated to its Temenos T24 core banking system. The solution will enable ACLEDA customers to make person-to-person payments, pre-paid top up, utility bill payments and manage their finances in both Khmer and English scripts. These services will be available through text messaging, mobile browser and downloadable application interfaces and support multiple currencies and language scripts as required by ACLEDA's customers.

"We have invested years of focus and energy to understand the dynamics of banks in emerging markets like Cambodia, and have tailored our BankAnywhere platform to meet those needs effectively and economically. We will help the leading bank in Cambodia exploit the mobile channel to deliver clear commercial outcomes" Clark continues.