Cambodia's Acleda Bank goes mobile with M-Com

Source: M-Com

International mobile banking solution provider, M-Com, announced today that ACLEDA Bank Plc has launched its market-leading mobile financial services powered by M-Com's flagship product, BankAnywhere.

"ACLEDA has now taken a solid market leadership position. We now offer the most comprehensive and compelling mobile financial services in Cambodia," said Mr. In Channy, President & CEO of ACLEDA Bank Plc. "We have effectively leapfrogged the Internet channel and gone straight to mobile."

The deployed services 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 are now available through text messaging, mobile browser and downloadable application interfaces and support multiple currencies and language scripts as required by ACLEDA's customers.

"Mobile phones have transformed the lives of many Cambodians in a positive way and we have successfully delivered ACLEDA's customers universal access to financial services through their mobile devices," comments M-Com CEO and Founder, Adam Clark. "ACLEDA's customers can avoid going to branches if they choose to, while sending money home to loved ones in rural areas has just become a whole lot easier. Innovating in the mobile channel in this way will make consumer relationships more profitable for ACLEDA as it has for M-Com's other customers."

M-Com's BankAnywhere solution has been built leveraging the Microsoft.NET Framework 3.5 using Visual Studio 2008. Leveraging Windows Server 2008 and SQL Server 2008, ACLEDA has deployed the product within its secure data center in Phnom Penh and integrated to its TEMENOS T24 core banking system.

"Banking customers in Cambodia and elsewhere increasingly are choosing to use their mobile phones as their PCs," said Joe Pagano, Managing Director, Banking and Capital Markets, Worldwide Financial Services Sector, Microsoft. "With M-Com's BankAnywhere, ACLEDA will be able to provide customers with choice and address the challenge of connecting mobile customers on our scalable and secure Microsoft platform."

"We chose M-Com because they have a 100% success track rek record. They have continued their unrivalled record with the ACLEDA mobile banking implementation, and our customers are now the beneficiaries of M-Com's execution capabilities," Mr In Channy continues.

"We have demonstrated once more that the M-Com team and M-Com's technology can be effectively deployed in any continent," adds Clark.

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