Temasek unit, Canadia to launch digital wallet and payment platform in Cambodia

The digital platform expects to have over a thousand affiliated merchants by mid-2018

Published Thu, Dec 14, 2017 · 09:50 PM

Singapore

TEMASEK-OWNED Fullerton Financial Holdings has teamed up with Canadia Investment Holding plc to launch DaraPay - a new digital wallet and payment platform, in Cambodia. This is Fullerton's second investment in Cambodia after launching Cambodia Post Bank plc in 2013.

As at its launch on Dec 11, DaraPay has over 700 agents in Cambodia where customers can complete local remittances and loan repayments, as well as withdraw and deposit cash. It aims to have 2,600 agents by the end of 2019, so that consumers will get to enjoy "convenient, low cost and seamless services across all of Cambodia", the firms said.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes