Eurogiro, an international postal network owned by fintech company Inpay, has joined forces with Cambodia Post Bank Plc. (CPBank) to introduce ground-breaking international money transfer services in Cambodia. This partnership will provide CPBank customers in Cambodia and abroad with an efficient and convenient way to send and receive cross-border remittances.
Through Eurogiro’s extensive network of 70,000 post office locations worldwide, CPBank customers will benefit from seamless and hassle-free international cash remittances. This collaboration will enable Cambodians living abroad to easily send money to their loved ones in Cambodia, using CPBank’s 60+ nationwide branches.
This service marks an important milestone as it is the first time that such cross-border cash remittance services have been made available to Cambodians, offering them a significant lifeline to support their families back home. The partnership demonstrates the commitment of CPBank and Inpay to provide innovative financial solutions that meet the needs of Cambodians worldwide, promoting financial inclusion and contributing to the overall economic activity in Cambodia.
CEO of Inpay, Thomas Jul, expressed his enthusiasm about this collaboration, stating, “We are excited to announce our partnership with Cambodia Post Bank, which marks a significant step towards enabling international and easy-to-access financial infrastructure in the region. By granting one of the country’s largest post banks access to global remittances from overseas diaspora through Inpay’s Eurogiro network, we make it easier, more affordable, and faster than ever before for Cambodians to receive cash transfers from friends and family abroad.”
Toch Choacheck, CEO of CPBank, also shared his thoughts on this development, saying, “Cambodia has a significant number of migrant workers who need to send money back home to support their families. With this new service, CPBank will not only provide a wider option for remittances in the country but also contribute to improving overall economic activity in Cambodia. This is an easy and affordable way for the market to ensure an inclusive financial system.”
This partnership between Eurogiro and CPBank highlights their commitment to creating a brighter and more connected future for Cambodians worldwide. By offering a faster, more affordable, and reliable method for cross-border remittances, they are empowering Cambodians to easily access their hard-earned money and provide crucial support to their families. This is a significant milestone in the financial landscape of Cambodia and a testament to the innovative solutions being developed in the region.
