Cambodia’s leading commercial bank, ACLEDA Bank Plc, will launch its Unity mobile-banking service next month by spending over USD1 million to establish it. And its service will initially target existing account holders and will be marketed to Cambodia’s unbanked.

Mobiles phone will have access to Unity’s SMS-based banking service, including balance inquiry, mini-statements and mobile top-ups, but the phone must be capable of operating a web browser or hosting Unity’s phone application to be able to transfer funds between separate ACLEDA accounts, or to complete bill payments.

It is expected that bank will cut operational costs and reduce queues at its branches by offering mobile banking. It is also able to gain some revenue by charging for fund transfer and balance inquiry and other transactions/

Customers are required to pay its registration service fee of $5, 20,000 riels or 200 baht, and all currencies will be supported by Unity. In addition, there will be also associated fee for each transaction performed.

This entry was posted on Wednesday, June 9th, 2010 at 9:47 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.