Phillip Bank and Yeaksa Laundry Sign Agreement on Credit Service

Cambodia Investment Review

A Memorandum of Understanding between the only Singaporean-owned commercial bank in the nation, Phillip Bank PLC and Yeaksa Laundry was signed this morning at Tonle Bassac Restaurant to announce their collaboration on credit service for Yeaksa’s customers and to expand Phillip Bank digital footprint on KHQR payments acceptance across the nation. 

In response to technological advancements as well as to increase convenience, Phillip bank has partnered with Yeaksa laundry to provide a new digital payment system which is Phillip Bank’s KHQR that offers more convenience and security for all Yeaksa’s customers.

Mr. Chan Mach, Phillip Bank Chief Executive Officer.

In addition, Phillip Bank has also provide the credit service to Yeaksa’s customers who wish to become a franchise owner of Yeaksa laundry, guaranteeing a reasonable interest rate.

All Yeaksa branch can rely on Phillip Bank’s KHQR

Attending the signing ceremony of MOU, Mr. Chan Mach, Phillip Bank Chief Executive Officer said: “Through this partnership will provide convenience for all the Yeaksa Branch through a payment solution that is smooth, secure, and instant.” 

To read more about Phillip Bank utilizing partnerships click here.

He added “Instead of connecting with many banks through different platforms and having to process various reconciliation, all Yeaksa branch can rely on Phillip Bank’s KHQR so they can accept payment from various banks in Cambodia. What is more Yeaksa business owner also can apply for this credit service to expand their business”

The owner of the Yeaksa Company, Mr. Hem Hema.

In addition, the owner of the Yeaksa Company, Mr. Hem Hema, also give out compliment to the fast process and convenience of the bank’s products and services.

He said, “The credit service, which is a collaboration between Phillip Bank and Yeaksa Company, is an important part of providing more convenient and special credit service to our customers who need more capital to start a business, ensuring with the reasonable interest rate and security.” 

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