Cambodian bank implements eCash

Reported by: |Updated: August 3, 2016

aba bankABA Bank of Cambodia has launched eCash, a cash by code ATM withdrawal facility for its mobile banking customers. The facility has been provided by Compass Plus through its TranzWare platform. The account-less banking service allows customers to transfer money to people who do not have bank accounts by sending them a security code along with additional security parameters, which the recipient enters into any of the bank’s network of 140 ATMs across the country. The funds are then available immediately for withdrawal, 24/7/365, unlike similar services available which require recipients to visit a branch during business hours to withdraw funds.