JB’s Cambodian subsidiary launches e-loan repayment services

Phnom Penh Commercial Bank — the Cambodian subsidiary of JB Financial Group’s flagship lender — signed a deal with a Thailand-based financial technology firm to provide electronic loan repayment services to customers, the South Korean banking group said Wednesday.

PPC Bank’s latest memorandum of understanding with True Money is to allow customers to repay both the principal and interest back to the lender via the fintech firm’s electronic wallet service known as True Money Wallet.

The size of the deal was unannounced.

In full: http://www.koreaherald.com/view.php?ud=20201021000854

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