Shinhan Bank Enters Cambodia’s Simple Payment Market

Shinhan Bank is entering the Cambodian simple payment market. The bank announced on Dec. 4 that it will launch e-wallet service jointly with Cambodia’s mobility company MVL.

Shinhan Bank has provided an electronic wallet solution to MVL, which will be used as the preferred payment method for TADA, MVL’s vehicle calling application. This is the first project of the two companies since they signed a cooperation agreement in June this year.

The bank said other companies’ payment systems are inconvenient as a client needs to run a separate app to pay the bill after arriving at the destination.

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