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Cambodia's leading bank inks deal with UnionPay International for payment services

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PHNOM PENH, April 22 (Xinhua) -- Acleda Bank, a leading commercial bank in Cambodia, on Monday signed a Memorandum of Understanding with UnionPay International on payment services for mutual benefits, according to the bank's statement.

Xu Luode, president of China UnionPay and vice-chairman of UnionPay International, said currently, UnionPay cards reached more than 3.5 billion, and UnionPay network has been extended to 141 countries and regions in the world.

"UnionPay International is pleased to work together with Acleda Bank. This is the formal opening of a new chapter of business cooperation between the two sides," he said in the statement.

In Channy, president and group CEO of Acleda Bank, said, "It is a great honor for the bank that UnionPay International, one of the world leaders in payment services and the No.1 payment and settlement institution in China, has selected to be a strategic partner in payment services."

He said under the partnership with UnionPay International, customers will get quick and broad access to the global payment in more than 140 countries in the world and UnionPay cards issued in 30 countries.

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