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Hattha Bank Teams Up with TrueMoney to Provide Easy and Efficient Loan
Repayments
Hattha Bank, one of the leading banks in the
country is teaming up with TrueMoney, a leading international fintech company
in Cambodia, to provide fast, easy, and efficient loan repayments for
Cambodians nationwide.
The joint initiative was launched at a signing
ceremony at the TrueMoney Head Office on Norodom Boulevard on Friday 18th
February 2022.
Hattha Bank’s President and Chief Executive
Officer Oknha Hout Ieng Tong was in attendance alongside TrueMoney’s Chief
Strategy Officer, Ms. KHUON Frandara.
Hattha Bank’s President
and Chief Executive Officer, Oknha Hout Ieng Tong said: “As a well-respected
financial institution that is backed by one of the region’s best-known names,
the Bank of Ayudhya (Krungsri), Hattha Bank is proud to be able to offer this
new service for the benefit of Hattha Bank – as well as TrueMoney’s – customers
in Cambodia.” He added, “I do believe that through this partnership, we can
offer the comprehensive financial solution to respond to our customers’ needs.
More importantly, it will also improve the financial inclusion in Cambodia and
increase access to fast and secure financial services across the country.”
TrueMoney’s Chief
Strategy Officer, Ms. KHOUN Frandara said: “At TrueMoney, we are always looking
for new ways to assist our customers – as well as partners within the local
financial sector. Much like TrueMoney, Hattha Bank has an impressive track
record and pedigree. We are delighted to be able to offer these value-added
services to Hattha Bank’s customers.”
The new service, which will enable Hattha Bank’s
loan customers to repay loans using the TrueMoney Wallet as well as through
TrueMoney agents nationwide, will be available from today onwards.
About Hattha Bank Plc
Hattha Bank is a
subsidiary of Bank of Ayudhya (Krungsri), the fifth-largest commercial bank in
Thailand, and a member of Mitsubishi UFJ Financial Group (MUFG), a leading
Japanese and global financial services group.
Currently, Hattha Bank
has 177 offices and 137 ATM networks nationwide. As of December 2021, Hattha
Bank had a total deposit balance of $1,028 million and a loan portfolio of $1,691
million with more than 400,000 accounts opening.
Hattha Bank’s
state-of-the-art core banking system allows for a wide range of financial
services to meet customers' needs and provides innovative digital banking
facilities with secure and highly efficient financial service solutions. Hattha
Bank will soon be launching further banking services to better serve its
customers.
About TrueMoney:
TrueMoney is a leading international Fintech brand
and part of Ascend Money, a digital financial services venture of The Charoen
Pokphand Group (CP Group) and Ant Financial (Alibaba), two of the largest
companies in Asia.
The TrueMoney group is now one of the largest
financial life platforms in Southeast Asia.
TrueMoney has grown its presence from just 1
market to 6 markets in a short space of time. TrueMoney currently has
significant operations in Thailand, Cambodia, Myanmar, Indonesia, Vietnam, and
the Philippines. TrueMoney currently has the largest regional agent network in
SEA with 65,000 agents, as well as the largest payment volume with USD8 billion
in 2019. In addition, the TrueMoney wallet is the number 1 E-wallet in Thailand.
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