Cambodia Investment Review
Phillip Bank, Cambodia’s only fully Singapore-owned commercial bank, has introduced a cash back offer aimed at enhancing the cross-border payment experience for its customers. Starting from 1 March and running until 30 April 2024, the promotion offers a 5% cash back to customers who utilize the Phillip Mobile Application to make payments via Thai QR at any store in Thailand. This initiative is designed to encourage digital transactions and provide added value to the bank’s clientele.
In an effort to make the promotion accessible to a vast majority, there is no daily limit on transactions. However, the cash back is capped at KHR 80,000 per user for the duration of the promotion period, striking a balance between rewarding customers as well as reducing the hassle of burdensome and expensive cash-money exchanges.
Pay to a Thai QR code with the Phillip Bank App
Participation in the promotion is straightforward; customers simply need to pay to a Thai QR code using the Phillip Mobile Application during their shopping in Thailand. This process is not only easy but also secure, leveraging the application’s robust security measures to protect transactions.
To qualify for the cash back, a minimum spend of KHR 10,000 per transaction is required, ensuring that the offer is both accessible and beneficial to a broad spectrum of customers. Once the criteria are met, customers will receive the 5% cash back within 5 to 7 working days of the following month, directly into their accounts.
Reward Early Adopters and Encourage Prompt Participation
To enjoy this promotion, Phillip Bank account holders are required to have a Khmer Riel (KHR account), which can be simply opened with just a few clicks on the Phillip Mobile application or at any Phillip Bank branch.
Customers seeking more information about this promotion can visit Phillip Bank’s official website or reach out to the bank’s contact center team, available 24/7, through multiple communication channels.
