Fullerton Financial, a unit of Singaporean investment firm Temasek, has introduced a new digital payment platform in Cambodia in association with Canadia Invesment.

Dubbed DaraPay, the new wallet will facilitate local remittances, loan repayments, along with cash withdrawal and deposit.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The wallet currently has more than 700 agents across Cambodia, a figure that is expected to increase to 2,600 by the end of 2019.

Canadia chairman Neak Okhna Pung Kheav Se said: “Digital payments will be a key enabler, and we seek to grow DaraPay into a significant player in the market. Canadia looks forward to fully supporting DaraPay across its extended ecosystem, starting first with Canadia Bank. ”

Fullerton executive vice president Loh Niap Juan added: “We believe that Cambodia is at the inflexion point in its development of digital payments, and we are excited to be part of this journey with the people of Cambodia.”