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ACLEDA Bank Plc. Launches ACLEDA MasterCard

Dr. In Channy, the President & Group Managing Director of ACLEDA Bank Plc.
Mr. Arn Vogels, Country Manager and Chief Representative of MasterCard in Indochina

June 24, 2016

Phnom Penh, ACLEDA Bank Plc., the bank you can trust, the bank for the people, and the Cambodia's leading commercial bank, has announced today that ACLEDA Bank Plc. has officially launch the world class means of financial product, the "ACLEDA MasterCard" which will offer additional alternative for its value customers in doing financial transactions via internet/POS outlets and cash withdrawal via ATM worldwide.

Dr. In Channy, the President & Group Managing Director of ACLEDA Bank Plc., said: Listening and responding to customers' value advises and satisfying their high demand for new financial products of multiple choice is always ACLEDA Bank main focus. Today, we officially launch the world class means of financial product, ACLEDA MasterCard. It is an electronic plastic card loaded with an advanced technology based on the EMV (Euro-pay Master and VISA/Memory Chip) to provide utmost security. ACLEDA MasterCard is a secure tool in payment via internet/POS outlets and cash withdrawal via ATM worldwide. It has two types that provide the benefits and features to International and Local Debit/Credit Cardholders below:

  1. ACLEDA MasterCard Credit delivers the financial freedom that today's diverse priorities and lifestyles require. When used the right way, they offer exceptional benefits, rewards, services and spending power that can help make financial and personal dreams come true.
  2. ACLEDA MasterCard Debit lets you access your own money globally, with suite of premier benefits of convenience, and more secure way to pay for goods and services.

Furthermore, it makes both personal and business transactions become more efficiency and effective with ACLEDA MasterCard, and minimizes risk and easy to carry along/keep with yourself, accepted worldwide. For your information, 25 banks of 47 banks issued 1,439,887 debit cards of which ACLEDA Bank issued 841,193 debit cards or 58.42% of the whole banking sector. And 11 banks issued 39,836 credit cards of which ACLEDA Bank Plc. issued 10,486 credit cards or 26.32% according to the annual report of the General Directorate of Banking Supervision of the National Bank of Cambodia 2015.

Likewise, with the launching of ACLEDA MasterCard today, it will stimulate the growth of both debit and credit cards in Cambodia banking industry, and it (ACLEDA MasterCard) will play active role in bridging Cambodian consumers with global consumer payment, and make them become close and trusted friends of personal and business transactions, added Dr. In Channy.

Mr. Arn Vogels, Country Manager and Chief Representative of MasterCard in Indochina, said, "Our partnership today with Cambodia’s leading bank to launch these two products marks a significant milestone in the nation's journey towards becoming a cashless society. Thousands of customers will now experience the three key benefits of electronic payments – safety, security and convenience – in the way they transact. Through partnerships such as this, we hope to encourage the adoption and growth of electronic payments, ultimately driving greater financial inclusion in Cambodia."

About ACLEDA Bank Plc.

By the end of December, 2015, the total credit cards issued by 11 banks in banking sector was 39,836 cards of which ACLEDA's credit card was 10,486 cards or 26.32% market share whilst the total debit cards issued by 25 banks was 1,439,887 cards of which ACLEDA's debit card was 841,193 cards or 58.42% market share. ACLEDA Bank Plc. has sustainably providing financial products and services for more than 24 years for all segment of the community – both private and public sectors through 258 branches throughout Cambodia, 41 branches and offices in Laos, and 6 branches and offices in Myanmar with the total assets of roughly US$4,196 million, loans outstanding of US$2,621 million, and savings & deposits of US$2,888 million by end of May, 2016.

Currently, ACLEDA Bank Plc. has five subsidiaries which are ACLEDA Bank Lao Ltd., ACLEDA Securities Plc., ACLEDA Institute of Business, ACLEDA MFI Myanmar Co., Ltd. and ACLEDA Properties Ltd.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardAP and @MasterCardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

For further information, please contact:

Dr. So Phonnary
Executive Vice President & Group Chief Operations Officer
ACLEDA Bank Plc.
E-mail: phonnary@acledabank.com.kh

Thuy Tran
Marketing & Account Manager, MasterCard, Indochina
E-mail: Thuy_Tran@mastercard.com

Colour of ACLEDA Bank's logo are White, Gold, and Blue.

  • White: Ethics (transparency, honesty and integrity)
  • Gold: Value and quality
  • Blue: Unity, stability and wellbeing

The combine of the three colours presents seeds and resources with sustainable growth and development in financial sector.

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