Hattha Bank and Ly Hour SBI Insurance Plc. Unveil Cutting-Edge Digital Payment Solutions to Enrich Customer Experience

Phnom Penh, 18th September 2024 – Hattha Bank, a subsidiary of Krungsri (Bank of Ayudhya PCL), the fifth-largest commercial bank in Thailand and a member of the MUFG Global Financial Group, and Ly Hour SBI Insurance (LHSBI), a renowned insurance provider, have today announced a strategic partnership through a Memorandum of Understanding (MoU). This collaboration aims to expand financial services and offer greater convenience to customers by integrating insurance premium payments into Hattha Bank’s digital platforms.

Under this new partnership, LHSBI customers will be able to make insurance premium payments seamlessly through a variety of channels, including Hattha Bank’s cutting-edge digital banking platforms: Hattha Mobile and Internet Banking. In addition, customers can make payments at any of Hattha Bank’s nationwide branches.

Mr. Wee Mun Seng, Deputy Chief Executive Officer of Hattha Bank expressed his enthusiasm about the new partnership, saying “By joining forces with Ly Hour SBI Insurance, we are reaffirming our dedication to providing innovative and customer-focused services. This partnership is a testament to our shared goal of making financial and insurance services more accessible and beneficial for our customers and employees alike.”

Neak Oknha Ly Sopheap, Executive Director of Ly Hour SBI Insurance Plc. said “Today’s signing of MoU symbolizes a significant step forward in the spirit of partnership, growth, and shared vision. This collaboration is not just a business agreement; it is a commitment to delivering greater value and better services to our mutual customers across Cambodia.”

Therefore, this strategic alliance between the two franchises represents a significant step forward in the digital transformation of financial and insurance services in Cambodia. It combines the strength and reliability of Hattha Bank’s digital platforms and extensive branch network with the trusted insurance offerings of LHSBI to deliver a more efficient, cost-effective, and user-friendly experience for all customers. Ultimately, it will contribute positively to the economic development of Cambodia and its communities.