Phnom Penh: AMK Microfinance Institution PLC is one of the leading institutions in Cambodia, has taken a step further to develop and provide convenience to its customer by becoming a member of UnionPay International. AMK is the first of its kind among other financial institutions authorized by the National Bank of Cambodia in terms of providing local and international money transfer services by transferring money from AMK Mobile App to UnionPay Card  in 12 markets  - Cambodia, China, Hong Kong, Indonesia, Macau, Malaysia, Japan, Lao, Philippines, Singapore, Thailand, and Vietnam. From now till end 2021, AMK customers only pay 1USD fee per transaction for this money transfer service, providing an unprecedented benefit for those who need to transfer money abroad to the above markets.

This partnership will enhance the modern banking experience by using AMK Mobile to transfer money in and out of the country expeditiously, conveniently, securely, and economically through UnionPay, a world-class leading and largest payment network. This transfer will allow up to 5,000USD daily, which will provide many benefits for Cambodians as well as foreigners staying in Cambodia where they can transfer money to their business partners, relatives, or friends that are living in these 12 countries.

Mr. Kea Boran, the CEO of AMK Microfinance Institution said: “This partnership is a milestone achievement for AMK, the first microfinance institution to offer international transfer services through money transfer to UnionPay cards. Over the last year, we have expanded our International Money Transfer services with major and highly trusted international money transfer partners such as UnionPay International. We thrive to proceed in expanding and strengthening the potential for both domestic and international transfer services to meet the needs of our customers with simplicity, security, and trustworthiness. Despite the impact from Covid-19 pandemic, AMK continues to make steady progress by enhancing a new development of products and services to meet the requirements of every consumer’s digitalization such as self-account opening, AMK Mobile Banking, online loan, and other financial services that are still delivering services to the needs of consumers both locally and internationally. 

“In line with the country’s vision for financial inclusion and acceleration toward cashless society, we are delighted to partner with market leading Microfinance Institution like AMK. This collaboration will offer AMK customers and UnionPay Cardholders a fast, efficient and secure real-time cross-border and local money transfer via UnionPay’s global network. We look forward to working with AMK to introduce more digital-led payment solutions,” said Leang Chenda, Cambodia Country General Manager, UnionPay International.

To transfer money with the special fee of only 1USD to the 12 markets, customers need to download and sign in to the AMK Mobile app through this link http://onelink.to/ss87zk . Those who do not have an account yet can easily create an account using Self-Account- Opening function anytime anywhere. Then, on the AMK Mobile App customer can click on the button “Transfer Money”, select transaction “Transfer to UnionPay Card” and fill in all required information. For more information, please contact 023 22 02 02/1800 200 200.