Cambodia Investment Review
Mora BNPL enters into a strategic partnership agreement with Phillip Bank to launch financial products and services through a digital platform called “Buy Now, Pay Later”.
Held at Phillip Bank’s headquarters on Monivong Boulevard, this partnership will allow customers to instantly purchase any goods at Mora’s partnered stores via Mora App under the financing of Phillip Bank without having to pay any interest or fees.
A better experience for each digital payment
Phillip Bank’s Chief Executive Officer, Mr. Chan Mach said “In line with the growth of technology and the development of fast payment methods, Phillip Bank has partnered with Mora to provide the best payment services to all customers in a more convenient, fast, secure and efficient way. Through this partnership, we believe that all customers will have a better experience each time they make a digital payment.”
Read more: Phillip Bank Launches New Enhanced Version of Mobile App to Serve Customer Better
Mr. Khuon Sophoth, Founder and Chief Executive Officer of Mora BNPL, said “Mora has developed this product in response to the current economic situation and the growth of the digital sector, where individuals are changing the way of living, purchasing goods, using payment methods and managing cash flow.”
He (Mr. Khuon) added, “Under this partnership with Phillip Bank, I hope Mora will be able to provide a flexible payment method to the shop owners as well as customers in response to the digital and modern lifestyle.”
Facilitate cash flow conditions for customers
Mora is the name of the digital platform “Buy Now, Pay Later” developed by Mora BNPL in a joint partnership with Phillip Bank to facilitate the cash flow conditions for customers to purchase daily goods such as electronic devices, clothing, cosmetics, health services, and other products. Customers can purchase from Mora’s partnered stores and pay by installment without any interest or fees.
For business or store owners who wish to become a partner with Mora, they can contact Mora’s hotline number: 096 454 1821 or email merchant@mora.live.
About Phillip Bank
Phillip Bank Plc is the only Singaporean-owned commercial bank in Cambodia. Phillip Bank offers a wide range of financial services and products catering to Corporate, SME, and Retail customers. The Bank is a member of Phillip Capital Group, which is headquartered in Singapore, and established since 1975. Phillip Bank is one of the largest commercial banks in Cambodia in terms of branch network, with more than 70 branches throughout the country.
About Mora BNPL
Mora is a digital platform that offers a “Buy Now, Pay Later” service to customers, merchants, banks, and financial institutions.
For Merchant partners, they can get new customers through Mora’s existing customer base, which can increase sales and average order value (AOV). Mora’s customer benefits from being able to purchase items they want, and pay by installment to Mora with no interest or hidden fees. In addition, Mora’s bank and financial institution partners can use Mora’s digital platform to disburse loans quickly and efficiently to customers.
