Hattha Bank and KESS Innovation Launch Strategic Digital Payment Solution Customers

Phnom Penh,17th February 2025 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, proudly announces the signing of a Memorandum of Understanding (MoU) with KESS Innovation Plc at Hattha Bank Tower. This aims to collaborate in jointly promoting digital payment services, providing Hattha Bank's customers and others with easy and secure financial solutions. We will work together to raise awareness and strategize on expanding financial services operations more comprehensively through digital technology for the people of Cambodia.

Mr. Min Sopha, Chief Executive Officer of Hattha Bank, expressed strong confidence in the partnership, stating:"This collaboration marks a great start and a significant step forward in enhancing digital payment services through KESS, along with internet banking services and the Hattha Mobile app. This will provide customers with greater convenience and security."

Furthermore, Mr. Min Sopha and Mr. Pes Kimsrean, CEO of KESS Innovation, are preparing to introduce even more innovative and user-friendly solutions for customers.

Mr. Pes Kimsrean, Chief Executive Officer of KESS Innovation Plc, also shared his excitement about the partnership, stating: "I am truly thrilled about this collaboration. I firmly believe that both KESS Innovation and Hattha Bank will bring significant benefits to customers through this partnership by delivering even higher-quality digital payment services."

We take great pride and have strong confidence that this strategic partnership is a major milestone in Hattha Bank’s expansion into the digital payment sector. It reflects the bank’s role as a customer-centric financial institution and its commitment to supporting the government's mission of promoting digital transformation and financial inclusion.

About Hattha Bank:

Hattha Bank, a commercial bank with a presence in Cambodia for 30 years, offers a comprehensive array of financial services to its customers. Operating as a subsidiary of Krungsri, Hattha Bank is proud to announce the opening of the newly completed Hattha Bank Tower, located on Samdech Techo Hun Sen Blvd (60-meter road) in Phnom Penh. For 6 consecutive years, Hattha Bank has consistently maintained its credit rating at BBB+/stable, a rating that signifies the bank's stable business operations and robust position within the Cambodian market. Significantly, Hattha Bank is well-capitalized, financially strong, and maintains great liquidity, enabling it to continue its business operations as usual. This strong position is further bolstered by the bank's strong backing from its parent company, Krungsri.