Canadia Bank and POSCAR Digital sign MOU on Digital Payment Solutions

Canadia Bank, a leading and long-established commercial bank inCambodia since 1991, has signed a memorandum of understanding (MoU) with POSCARDigital Co., Ltd. on May 16, 2023. Under the MoU, Canadia Bank and POSCAR willwork together in providing convenient digital payment solutions and financialcapacity-building through workshops for SME and corporate customers, and moreinnovative services launching in the future. 

With the strategic partnership, SME customers using Vithean, anonline accounting software initiated by POSCAR Digital, will enjoy a moreconvenient payment of subscription fee payment through Canadia Bank digital paymentsolutions. In the nearest future, more digital payment services will be rolledout to SME users of Vithean online accounting system, such as payroll, billpayment, subscription payment automation. In addition, Canadia Bank and POSCARDigital are planning to conduct capacity-building workshops for the SME andcorporate customers focusing on financial literacy and accessibility to ensurethat they will have adequate knowledge for their daily business operations.

Mr. Raymond Sia, Canadia Bank’s Chief Executive Officer andExecutive Board Director, is delighted to announce the strategic partnershipbetween Canadia Bank and POSCAR Digital.

“The strategic partnership between Canadia Bank and POSCAR Digitalwill contribute to the further development of Cambodia’s digital businessecosystem as well as enhancing the operations of SMEs and corporate customersthrough digital solutions.”

“Canadia Bank considers the SMEs as a crucial segment in ourstrong performance over the years and we hope this strategic partnership willprovide numerous benefits to Vithean’s customers as they will have moreconvenient and flexible digital payment options with Canadia Bank to servetheir financial transactions and operational needs for their businesses.”

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