Leading Cambodian Bank Selects M-Com Technology For Mobile Banking And Payments

ACLEDA Bank Selects M-Com’s BankAnywhere to Power Next Generation Mobile Self-Service Channel

International mobile banking solution provider, M-Com, announced today that ACLEDA Bank Plc has selected its flagship product – BankAnywhere – to power its mobile banking and payment services.

“We are delighted to have been selected by ACLEDA to help them execute their self-service strategy” comments M-Com CEO and Founder, Adam Clark. “Mobile phones have transformed the lives of many Cambodians in a positive way, and we will work with ACLEDA to bring them compelling mobile financial services that deliver convenience, control and more financial freedom to them.”

“As a fast-growing bank in a rapidly-developing economy, we were looking for a complete mobile banking and payment solution. We want to make sure that our mobile services are universally available to our customers, are safe for them to use and deliver the dependability and reliability that ACLEDA is known for” said Mr. In Channy, President and CEO of ACLEDA Bank Plc. “We will be leapfrogging the Internet channel and going straight to mobile”.

ACLEDA will deploy M-Com’s BankAnywhere product within its secure data center in Phnom Penh and integrated to its Temenos T24 core banking system. The solution will enable ACLEDA customers to make person-to-person payments, pre-paid top up, utility bill payments and manage their finances in both Khmer and English scripts. These services will be available through text messaging, mobile browser and downloadable application interfaces and support multiple currencies and language scripts as required by ACLEDA’s customers.

“We have invested years of focus and energy to understand the dynamics of banks in emerging markets like Cambodia, and have tailored our BankAnywhere platform to meet those needs effectively and economically. We will help the leading bank in Cambodia exploit the mobile channel to deliver clear commercial outcomes” Clark continues.

In May, M-Com was confirmed by Bank Technology News on its list of “Top 10 Technology Companies to Watch in 2009” and in October of this year, M-Com was positioned in the ‘Leader’ quadrant within Gartner Inc’s Magic Quadrant for North American Mobile Retail Banking report.

About M-Com

Headquartered in Atlanta, GA, M-Com (www.mcom.co.nz) is an international mobile banking and payments solution provider with live Fortune 500 banking customers across Asia Pacific, the Middle East and North America. M-Com’s core proposition is centered on helping financial institutions and payment processors deliver world class adoption and revenue metrics from the mobile channel.