Cambodia Investment Review
Having seen the increase of online payment among Cambodian consumers, the only Singaporean-owned commercial bank in the nation, Phillip Bank, has entered into an MoU signing agreement with a leading online shopping app in Cambodia, L192.
L192 is the leading online shopping app in Cambodia. Browse countless products from thousands of stores. Same day delivery and strong service support. Delivery in Phnom Penh city within 1-2 hours. Customers can return products within 24 hours. They also have a chance to win a lot of prizes in L192 Lucky draw.
Held at Phillip Bank head office along Monivong Blvd, the partnership will allow Phillip Bank customers to pay for their fashion items available on the L192 app using Phillip Bank account. The transaction can be done within seconds at the touch of a fingertip.
Mr. Lee Yong Man, A member of senior management team of Phillip Bank says the partnership has demonstrated the Bank’s vision in improving the customer journey toward digital and cashless payment which so far has been a convenient method, especially during this covid pandemic.
“As a bank who constantly cares about the customers, we have always wanted them to be safe during this situation. However, we also want to make sure that they can do their day-to-day transaction conveniently without any concerns,” says Mr. Lee.
Mr. Vichet In, Chief Executive Officer of L192 says this partnership aligns with L192’s strategy of 100% cashless payment and enables L192 customers with Phillip bank accounts to pay conveniently and enjoy special promotion from their favorite bank. L192 is proud to partner with Phillip Bank in bringing these benefits to our existing customers.
To celebrate the partnership, from 21 February until 21 May 2022, the customers who purchase fashion items from L192 and make a payment via Phillip Bank account is entitled to up to $3 cashback. The promotion is available for existing Phillip Bank customers as well as L192 app customers who just opened an account with Bank.
Phillip Bank offers a wide range of financial services and products catering to Corporate, SME and Retail customers. The Bank is a member of PhillipCapital Group which is headquartered in Singapore and established since 1975. Phillip Bank Plc is one of the largest commercial banks in Cambodia in terms of branch network, with more than 80 branches throughout the country.