Mobile Banking Services On A Rise

7 May 2013
The Phnom Penh Post
Banking and financial services / Economy and commerce
Acleda Bank Plc / Angkor Mikroheranhvatho Kampuchea / Asia / ATMs / F1soft Chief Executive Officer Pin Pili Meas / F1soft Company / financial services industry / internet banking service / Limkokwing University / Limkokwing University Lecturer In Economics Sean Thorninn / MFI / MFI expert Sean Thorninn / Microfinance institutions / Mobile Banking Service / Pin Pili Meas / Sean Thorninn

F1soft Company, a software service provider that makes banking transactions available via phone, had commenced operations in Cambodia, company officials said yesterday during a workshop. … Sean Thorninn, a lecturer in economics at the Limkokwing University and expert in Cambodia’s landscape of microfinance institutions (MFI), told the Post a growing number of financial institutions in the Kingdom were begining to provide mobile financial services. To maintain their existing clients and to aggressively compete in the market, banks and MFIs strategically have been “emerging to a new era of branchless banking”, he added. …

http://www.phnompenhpost.com/2013050765437/Business/mobile-banking-services-on-a-rise.html