AMK Partner with Lightnet making it easier for cross countries money transfer
AMK, a leading MFI in Cambodia in term of outreach and number of customers, today announces its partnership with Lightnet, a leading Fintech company based in Singapore, to expand its financial mobility and inclusivity for the unbanked and underbanked population in the Asia region.
From this partnership, customers especially business owners and Cambodian workers in Asian region can easily transfer their money across countries to AMK account via Mobile app or direct transfer at branches. Receivers has many options to cash out through AMK’s ATM or 150 branches or almost 7,000 AMK Agent nationwide.
Mr. Chea Roattana, Head of Agent Management at AMK, said that: “This is another key milestone for AMK to partner with Lightnet in making it easier for customers to transfer money safe and instant across many countries in Asia region. Options of cashing out is also very convenience as AMK has networks nationwide cover in more than 90% of villages in Cambodia. We are very delighted with this new partnership as it is one of the AMK’s strategies offering digital financial solution by partnering with international companies. AMK has continuously provided exceptional products and services for our customers.”
“We are thrilled to announce today that we have entered a new strategic partnership with AMK and we are now officially live in Cambodia. With the sets of goals in common, our partners can send money to our AMK from across the world and receive in both cash and account credit” Naushad Hussian, Lightnet’s Chief Operating Officer, said in a statement.
How to transfer money in detail? Lightnet operates as a hub connecting with Money Transfer Operators and Banks mainly in Southeast Asia to help sending their customer’s money and payout with AMK in Cambodia.
AMK is one of Cambodia’s leading MFIs in term of outreach. AMK has 150 operating branches, and nearly 7,000 agents nationwide. AMK provides a wide variety of products and services including Loans, Deposit, Money Transfer, and Micro Insurance (focus on health and accident), Bills Payment Services, Payroll, Leasing, ATMs, and CDMs, especially the Mobile Banking App which can pay for water, electricity, garbage, top-up phone cards, and pay bills by scanning KHQR, transferring money between other local banks with Bakong and many other services.
Lightnet (Singapore) Pte. Ltd. (Lightnet) is a cross-border money transfer company that connects Banks and Licensed Money transfer operators in different territories to facilitate cross-border payments in a fast, safe, and secure. LNSG is licensed by the Monetary Authority of Singapore as a Major Payments Institution (MPI). Lightnet acts as a hub connecting multiple financial network rails together with partners bridging the gap between digital transactions and conventional banking making the service accessible to everyone. Lightnet also provide the infrastructure to different banks and MTOs predominantly across Asia and beyond to offer low-cost and instantaneous financial inclusivity and mobility.