PHNOM PENH: On May 16, 2023, Canadia Bank, a leading commercial bank in Cambodia, signed a Memorandum of Understanding with Poscar Digital. This partnership aims to offer digital payment solutions and improve financial literacy by conducting workshops for small and medium enterprises and business owners.

The collaboration will benefit customers using Poscar Digital’s online accounting management system, as they can easily pay monthly fees through digital payment solutions. Canadia Bank and Poscar Digital will also work together to integrate digital services for businesses and corporations while planning to hold workshops to enhance financial literacy for their customers.

The Chairman and CEO of Canadia Bank, Mr. Raymond Sia, expressed strong confidence in this strategic partnership between Canadia Bank and Poscar Digital.

According to Mr. Raymond Sia, the collaboration between Canadia Bank and Poscar Digital is a strategic partnership aimed at developing the digital ecosystem and enhancing the digital operational capabilities of SMEs, as well as other businesses and corporations.

Founded in 1991, Canadia Bank is a leading commercial bank in Cambodia. In 2022, Canadia Bank received multiple awards from international institutions, including the “Dream Company To Work For” from the World HRD Congress, the “Best Managed Bank” award from The Asian Banker, and the “Best Domestic Bank” and “Best SME Bank” awards in Cambodia from the International Finance Awards. Additionally, the bank received the “Best SME Bank” award from Digital Banker and the “Best Retail Bank” award from The Asian Banker in 2023.

Canadia Bank currently operates 68 branches across the province, with ATMs, CRM, VTM, and digital banking machines available at over 400 locations nationwide as of the beginning of 2023.