Friday, November 19, 2010

Money matters: City water signs deal with bank

ACLEDA Bank inked a deal yesterday to allow users of its mobile banking service to make payments to the Phnom Penh Water Supply Authority.

The bank has conducted a similar service with Electricite de Cambodge since August 2009, according to its President and Chief Executive Officer In Channy.

“It’s another great achievement,” he said in a press release.

The bank also launched its ACLEDA Unity mobile banking service in July.

Ek Sonn Chan, head of the water supply authority, said: “The use of the commercial banking system to manage payment transactions for water supply is designed to enhance the financial accountability of PPWSA.”

The authority is one of at least two state-owned firms set to float on the Cambodian stock exchange, when it launches next July. 
(source from the phnompenhpost newspaper,Thursday, 18 November 2010 15:00 Jeremy Mullins)

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