Mobile Banking Services On A Rise

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