Cambodian Public Bank Partners With Visa For New Business Credit Card
25 January 2024, Phnom Penh - Cambodian Public Bank Plc. (Campu Bank), a leading commercial bank in the Kingdom of Cambodia (Cambodia), and Visa Worldwide Pte. Limited (Visa), a leading global payments technology company, today announced the launch of the new Campu Bank Visa Business Credit Card, tailored specifically for the needs of SMEs that require short-term working capital and cash flow management.
Campu Bank is a wholly-owned subsidiary of Public Bank Berhad, one of the largest domestic banking groups in Malaysia with overseas banking operations in Cambodia, the People’s Republic of China, Hong Kong, Vietnam, Laos and Sri Lanka. Campu Bank has been honoured with a number of prestigious international awards, including “SME Bank of the Year – Cambodia for 2023” by Asian Banking & Finance magazine, “USD Straight-Through-Processing Excellence Award” by Bank of America Merrill Lynch, New York for six consecutive years from 2018 to 2023 and the “Leadership in Credit Payment Volume” award by Visa Cambodia in 2015, 2016, 2018, and 2020.
At the launching ceremony, Mr. Ong Ming Teck, Chief Executive Officer of Campu Bank, said: “SMEs play a crucial role in nation building and the economic growth of Cambodia by providing employment, income and poverty reduction. The new Visa Business Credit Card provides business owners short-term working capital and savings with credit terms of up to 50 days. Companies will save more with every purchase as our card offers cash back, loyalty points irrespective of the amount spent and a complimentary gift. As a cardholder, you are protected with free travel insurance of USD60,000, giving you peace of mind while you also enjoy complimentary, unlimited access to Phnom Penh Plaza Premium Lounge, adding a touch of luxury to your travel. To add to a personal touch, every card is embossed with your company’s name as we believe in recognising and celebrating your business.”
Mr. Ong added:“Campu Bank has partnered with Visa for merchant acquiring business since 2006, followed by issuing credit and debit cards since 2007. With this strong and long-term relationship, Campu Bank is confident of playing an effective role in granting financial assistance to both our existing and new SME clients via our network of 32 branches throughout Cambodia as well as through our online platform.”
Ms. Ivana Tranchini, Visa Country Manager for Cambodia, shared: “We are thrilled to be partnering with Campu Bank on a new Business Credit Card that will empower SMEs with the tools they need to compete and thrive in today’s global economy. Small businesses play a vital role in Cambodia’s economy, and Visa’s convenient and secure digital payment solutions enable SMEs to acquire more customers, access important markets and manage inventory, workflow, sales and marketing, which saves time and money. Campu Bank and Visa have partnered for many years, and this Business Credit Card marks an exciting new chapter in our collaboration.”
About Campu Bank
Commenced banking business in Cambodia in 1992, Campu Bank has become one of the leading commercial banks in Cambodia with a network of 32 branches. Campu Bank's paid-up capital of USD90 million is one of the highest among the commercial banks in Cambodia. For more information about Campu Bank, visit the company's website atwww.campubank.com.kh.
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe economies that include everyone uplifts everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
Mr. Ong Ming Teck, Chief Executive Officer, delivers speech
Ms. Ivana Tranchini, Visa Country Manager for Cambodia, delivers speech
Mr. Ong Ming Teck and Ms. Ivana Tranchini (centre) with other Management and staff of Campu Bank and Visa cheer for launching of New Business Credit Card