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Partnership Gives ACLEDA Customers Access to Global Transactions

A pioneering partnership between ACLEDA Bank and MoneyGram offers customers easy access to send and receive money from more than 200 countries worldwide.
Dr. In Channy, President & Group Managing Director of ACLEDA Bank. Photo supplied.
Dr. In Channy, President & Group Managing Director of ACLEDA Bank. Photo supplied.

ACLEDA Bank’s mobile app customers can now send and receive money to more than 200 countries with ease, thanks to a partnership with MoneyGram International.

The new customer-centric partnership offers a string of benefits to ACLEDA customers by strengthening the money transfer process. This includes the ability to send money from Cambodia overseas with the simple click of a few buttons. Through the ACLEDA mobile application, customers can transfer money to family, friends and businesses across the world.

To receive money, customers can collect their cash at MoneyGram agents or receive it directly into their ACLEDA account or mobile wallet. International transfers can be made by inputting a MoneyGram reference number into the ACLEDA app.

ACLEDA Bank Plc. Partners with MoneyGram to Enable Cross-Border Remittances via ACLEDA Mobile.
ACLEDA Bank Plc. Partners with MoneyGram to Enable Cross-Border Remittances via ACLEDA Mobile.

Future plans include sending and receiving money at local ACLEDA branches, paving the way for more innovative capabilities.

“We are very pleased to partner with ACLEDA Bank and provide increased coverage and financial inclusion for customers in Cambodia,” said Vijay Raj Poduval, MoneyGram’s Regional Head of Southeast Asia and Indochina. “Launching our leading international money transfer capabilities through the ALCEDA mobile app is aligned with our strategy to provide consumers with more digital options.”

Dr. In Channy, President & Group Managing Director of ACLEDA Bank, said the partnership forms part of ACLEDA’s ongoing commitment to enhance the customer experience.

“The cooperation between ACLEDA Bank and MoneyGram offers fast, convenient, and reliable way of overseas fund transfer via ACLEDA Mobile in term of payment of goods or tuition fee or family support anywhere and anytime,” he said.

ACLEDA Bank Plc. Partners with MoneyGram to Enable Cross-Border Remittances via ACLEDA Mobile
ACLEDA Bank Plc. Partners with MoneyGram to Enable Cross-Border Remittances via ACLEDA Mobile

“Customers and the public can transfer funds to bank accounts overseas or pick up cash at a global network of MoneyGram in over 200 countries and territories. Furthermore, customers can directly transfer to bank accounts at ACLEDA Bank or pick-up cash at any nearby branch counter of ACLEDA Bank by simply using the eight-digit reference number and identification card.”

He added that the game-changing partnership offers customers, businesses and the general public a convenient real-time cross-border money transfer, which is becoming a “critical step” in daily life.

About ACLEDA Bank Plc.

ACLEDA Bank Plc. has four subsidiaries: ACLEDA Institute of Business, ACLEDA Securities Plc., ACLEDA Bank Lao Ltd., and ACLEDA MFI Myanmar Co., Ltd. In addition, it has representative offices in Myanmar. By March 2022, ACLEDA Bank Plc. had $8.16 billion in total assets, $5.79 billion in total credit portfolios and $5.90 billion in total deposits, serving more than 3.44 million customers.

About MoneyGram International, Inc.

MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, delivers innovative financial solutions to connect global communities. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities, MoneyGram has grown to serve more than 150 million people in the last five years.

The Company leverages its mofifdern, mobile, and API-driven platform and collaborates with the world's top brands to serve consumers through its direct-to-consumer digital channel, global retail network, and embedded finance business for enterprise customers. MoneyGram is also a leader in pioneering cross-border payment innovation and blockchain-enabled settlement.