CAB | Cambodia Asia Bank Plc,

Cambodia Asia Bank Signs a Strategic Partnership with Bankograph on Digital Banking Products

Cambodia Asia Bank Signs a Strategic Partnership with Bankograph on Digital Banking Products

On April 13 2022, Cambodia Asia Bank (CAB) has signed an Exclusive Strategic Partnership Agreement with Bankograph, a Singapore-based FinTech company, to launch a proprietary digital banking solution. This is another milestone for CAB in its drive for financial inclusion and improvement of quality of life for ordinary Cambodian citizens. This would enable ordinary Cambodians to access flexible and user-friendly direct access to unique banking services - Buy-Now-Pay-Later (“BNPL”) purchases and exclusive savings program. It is also a new milestone in the relationship between CAB and Bankograph to launch BeeZee digital platform in Cambodia.

Alexander Gold, Chief Executive Officer of Bankograph, who visited Phnom Penh for the signing of the exclusive agreement, said in the signing ceremony: “We are honored and delighted to find a strategic partner like Cambodia Asia Bank. This initiative aligns our visions to create a social impact product by combining our in-depth expertise and technology with CAB’s knowledge of Cambodian market to create unique and valuable experiences for Cambodian people.”

Dwaipayan Mitra, Chief Operations Officer of CAB said, “There are four layers of traditional banking including transactional, savings, investment, and borrowing. Savings is a cornerstone of any society’s wealth creation and accumulation. Currently, Cambodian market is looking for innovative and flexible savings products. We are delighted to launch the BeeZee platform, which addresses the needs of consumers of Cambodia, including the underbanked communities.”

CAB and Bankograph are committed to launch this initiative in Cambodia with a Shariah Compliant Islamic Banking product, leveraging Bankograph’s rich expertise in dealing with the development of Shariah Compliant Islamic Banking products, as part of its comprehensive banking technology stack.

The leadership of CAB and Bankograph are delighted to take their existing collaboration and partnership to a higher level for the benefit of Cambodia’s communities.