Cambodia Investment Review
Canadia Bank, Cambodia’s largest locally-owned commercial bank, has partnered with TADA Cambodia, the country’s pioneering zero-commission ride-hailing platform, through a Memorandum of Understanding (MoU) aimed at accelerating digital payment adoption, expanding financial inclusion, promoting EV adoption, and enhancing safety for Cambodia’s driver community.
This collaboration marks a significant step toward strengthening Cambodia’s mobility ecosystem by providing electric vehicle (EV) transportation to Canadia Bank staff and introducing seamless cashless payment solutions for TADA drivers, many of whom depend on ride-hailing as their primary source of income.
Vision For a Cashless, Digitally Connected Economy
Under the agreement, Canadia Bank and TADA Cambodia will collaborate to promote the use of electronic vehicles and explore the QR-based payment system among drivers, enabling them to receive payments securely and conveniently from customers. This initiative not only improves efficiency and transparency for drivers but also supports the Royal Government of Cambodia’s vision for a cashless, digitally connected economy, while upholding the vision for net-zero emissions
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Mr. Dominic Notario, Chief Executive Officer of Canadia Bank, stated during the signing ceremony: “This collaboration underscores our commitment to advancing digital financial inclusion, promoting secure and convenient digital payments, and delivering protection that meets the practical needs of the community. It also reflects our mission to make financial solutions more accessible to all Cambodians.”
A Safer and Smarter Mobility & Payment Ecosystem
Mr. Ty Limkosal, Country Manager of TADA Cambodia, also stated: “We share Canadia Bank’s dedication to creating a safer and smarter mobility and payment ecosystem in Cambodia. By combining Canadia Bank’s strong reputation in banking services and TADA’s innovation in sustainable mobility, we can create a real and positive change for our customers, drivers, and the community.”
To celebrate this collaboration, TADA is offering three exclusive promotions targeting different groups: the general public, Canadia Bank staff, and its credit cardholders. Together, this partnership signified a shared dedication to driving sustainable progress and delivering exceptional value to our communities.
About Canadia Bank
Founded in 1991 and fully privatized in 1998, Canadia Bank is one of the most-established full-service commercial banks in Cambodia with over three decades of proven financial expertise and resilience. The Bank holds a strong market position in both loans and deposits, supported by extensive local and international banking relationships.
With 69 branches and more than 430 self-service digital machines nationwide, Canadia Bank continues to drive innovation and deliver seamless digital banking experiences across the country. For more information, please visit https://www.canadiabank.com.kh.
About TADA Cambodia
TADA is the world’s first blockchain-based, zero-commission ride-hailing service, launched on July 26, 2018, in Singapore and also operating in Vietnam, Cambodia, Thailand, Hongkong and USA.
In Cambodia, the platform continues to grow its presence across major cities including Phnom Penh, Siem Reap, Sihanoukville, Kampot, Kep, Battambang, Banteay Meanchey, and Poipet.
