ACLEDAAssociation of Cambodian Local Economic Development Agencies
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Under the agreement, ACLEDA and JCBI have agreed to issue JCB card, and both ACLEDA and JCBI will establish a basis framework for further collaboration and cooperation and offer high-quality payment, travel, and entertainment services to merchants and cardmembers, which shall mutually benefit to ACLEDA and JCBI, and shall cooperate in expanding the JCB merchant and cardmember networks.
Kimihisa Imada, Deputy President of JCBI, said, "I believe that the acceptance of JCB cards by ACLEDA will improve the brand awareness of JCB and bring more benefit and convenience to merchants and JCB cardmembers visiting the country.
In October 2012, ACLEDA expanded its services with Fiserv by deploying Mobiliti Reach to enable financial services for market segments in Cambodia that have no formal banking relationships.
The extension of services to these consumers via ACLEDA Unity and Mobiliti Reach is enabling us to become the leading financial services provider amongst textile workers, farmers in remote rural areas and anyone else in Cambodia.
ii) Quality assurance: ACLEDA is a strong and reputable name in Cambodia well known for its high standards.
Ratings agency, Moody's Investor Services, has announced that it has placed ACLEDA Bank Plc's local currency long-term deposit and issuer ratings of Ba1 on review for possible downgrade.
We are pleased that ACLEDA Bank has chosen GLOBUS as the foundation for their transformation to a full-service commercial bank throughout Cambodia," said Clive Knott, Vice President, TEMENOS Asia Pacific.
IFC has made various investments in the ACLEDA Group and recently converted a loan to support the Myanmar operation to become a 15% shareholder in ACLEDA Myanmar.
IFC has partnered with ACLEDA Bank since 1999, when the bank was undergoing a transformation from a nongovernmental organization into a microfinance institution.
JCBI), has commenced JCB merchant acquiring operations with ACLEDA Bank Plc.
Pune based ElectraCard Services (ECS), a supplier of software and processing solutions for electronic payment systems has declared that Cambodia's commercial bank ACLEDA Bank has updated to the electra iTx series, the newest edition of the electra payment suite.
ORIX Corporation, a leading integrated financial services group, today announced its capital participation in the largest Cambodian commercial bank ACLEDA Bank Plc.