Chance to Win Mega Prizes for Merchants who Use KB PRASAC KHQR to Accept Payment
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Author: chomchhunleang ream
Chance to Win Mega Prizes for Merchants who Use KB PRASAC KHQR to Accept Payment
Win! Win! Win! Winning chance for existing and new KB PRASAC merchants who use KB PRASAC KHQR to accept payments from customers using KB PRASAC Mobile app or mobile banking app of other banks! Merchant who has a lot of number of transactions and transferred amount will be selected for the lucky draw to win a lot of amazing prizes.
KB PRASAC Bank, a leading commercial bank in Cambodia, has created this campaign to encourage business owners or merchants who use KB PRASAC KHQR to accept payment from customers from all banks.
No.
Prize
Quantity
Conditions
1
Honda Dream 2024
3
Received Transactions ≥ 150 times or received amount ≥ USD 2,000 or equivalent to KHR per month
2
iPhone 15 Pro Max
6
Received Transactions ≥ 100 times or received amount ≥ USD 1,500 or equivalent to KHR per month
3
Speaker JBL PartyBox
12
Received Transactions ≥ 80 times or received amount ≥ USD 1,000 or equivalent to KHR per month
4
Cash 100$ Cash 50$ Cash 20$
90 180 450
Received Transactions ≥ 20 times or received amount ≥ USD 300 or equivalent to KHR per month
This campaign is effective from 1 February 2024 to 30 April 2024. The Lucky Draw will be made for the result of previous month on every first week of the next month.
One merchant can win more than one prize with the following conditions:
The winner of motorbike or iPhone or speaker can win a cash reward for next month
The winner of a cash reward can win a motorbike or iPhone or speaker for next month.
The number of transactions from 30 to 60 times per month which are received from a single customer will not be included in the lucky draw criteria.
For more information, please call 086 999 911
KB PRASAC Bank Keeps Enhancing the Banking Experience with State-of-the-Art Technology
Phnom Penh – February 1, 2024: KB PRASAC Bank Plc., Cambodia’s new commercial bank that was formed with the merger of Kookmin Bank Cambodia Plc. and PRASAC MFI, has deployed its core banking system by adopting the latest version of Oracle FLEXCUBE 14.7. KB PRASAC Bank becomes the first commercial bank that has the newest version of in Cambodia. This strategic move underscores the bank’s commitment to modernization, enabling it to provide a comprehensive suite of banking services and products with enhanced efficiency, accuracy, and security.
The Upgrading of Oracle FLEXCUBE helps empower KB PRASAC Bank with a full range of banking modules, paving the way for creating innovative products and services. The adoption of automation and paperless solutions, including digitalization of its systems such as Mobile app, Merchant app, Corporate Internet Banking, Loan Supporting System (LSS), Internal Control System and Anti-Money Laundering (AML) integration, enables increased productivity and heightened security measures.
An Officer of KB PRASAC Bank, expressed his satisfaction with the core banking, digital banking modernization, and other supporting systems. He remarked, “This technological leap enables us to serve diverse client segments more effectively. We are excited about the potential to expand our service offerings and elevate our capabilities as a full-fledged commercial bank.”
He continued that KB PRASAC Bank is poised to become Cambodia’s digital bank, committed to offering cutting-edge digital solutions to the people. The upgraded core banking system aligns with this vision, allows the bank to provide a better digital banking systems. In conjunction with the core banking system upgrade, KB PRASAC Bank has launched three innovative mobile apps catering to different client segments:
KB PRASAC Mobile: a mobile banking app designed for general users, offering seamless and secure access to banking services.
KB PRASAC Merchant: a mobile Point-of-Sale (mPOS) app for businesses and merchants, facilitating convenient and secure payment acceptance.
KB PRASAC Corporate Banking : tailored for business and corporate clients, this app provides advanced financial management capabilities.
Mr. Byoung-Joon Choi, LG CNS Project Manager, said that we are proud to be a System Integrator company in helping KB PRASAC Bank to implement the IT and Digital system integration project for the merger of Kookmin Bank Cambodia Plc. and PRASAC MFI. KB PRASAC Bank has maintained its strengths while actively introducing new IT technologies to become competitive as a commercial bank. The use of the latest version of Oracle Flexcube, a new Digital Banking and Loan Support System will strengthen sales competitiveness of the bank.
He added that the KB PRASAC has strengthened mobile app, enhanced mobile onboarding, overseas remittance, and mobile lending functions, and launched a new corporate internet banking for corporate customers and a merchant app for merchants. The bank has a reliable banking system with an internal control system and an AML system.
Mr. Vinayak Hampihalikar, Vice President of Oracle Financial Services, said: “By adopting Oracle Banking Suite at its core, the bank can scale its business, offer new services to its customers, and evolve those services more quickly and economically. In Oracle, KB PRASAC Bank has a partner of trust and for the long term, that could deliver a complex transformation program which also saw a merger for two banks – one microfinance institution and other a commercial bank. The project’s success is made possible with the efforts of KB PRASAC Bank, LG CNS, and Oracle bringing together a winning team to deliver high quality and timely transformation. The on time go-live enabled a cost-efficient transformation, allowing the bank to reach out to their customers faster and bringing innovative solutions in Cambodia.’’
About KB PRASAC Bank Plc.
KB PRASAC Bank has a commercial license from the National Bank of Cambodia and received the approval from the Ministry of Commerce to conduct its banking operations officially in August 2023; and is an affiliate of KB Kookmin Bank – Korea. The bank is dedicated to promoting financial inclusion, driving economic growth, and providing innovative banking solutions to its diverse clientele. For further information, please visit us at www.kbprasacbank.com.kh .
About LG CNS
Established in 1987, LG CNS is an IT service subsidiary of LG Group, providing technologies for DX (Digital Transformation) to various customers in 14 countries around the world, including Cambodia. LG CNS provides system development and operation services for public institution, manufacturing company, Telecom company, and financial institutions. LG CNS aims to expand its services to Cambodia with a focus on the Core system and digital transformation of banking, Card, insurance, and securities.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com
Wow! Open Digital Account via PRASAC Mobile Banking and Get Annual Interest Rate up to 4%
Phnom Penh, 26 July 2023: PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, has offered special interest rate up to 4% per annum for Digital Account which customer can open instantly via PRASAC Mobile Banking app right on mobile phone without the need to visit a branch, providing unparalleled convenience and flexibility.
Customers, aged up from 16 years old with valid Cambodian National Identification Card, can open PRASAC Digital Account without initial and minimum balance. However, the more outstanding balance the customers maintain in Digital Account, the higher interest rate they will receive. The offer is eligible for existing and new customers of Digital Account.
The Interest Rates of Digital Account:
KHR
#colspan#
USD
#colspan#
Amount
Interest Rate
Amount
Interest Rate
≤2,000,000
1.50%
≤ 500
1.50%
> 2,000,000 – ≤4,000,000
2.50%
> 500 – ≤ 1,000
2.50%
> 4,000,000 – ≤12,000,000
3.00%
> 1,000 – ≤ 3,000
3.00%
> 12,000,000 – ≤40,000,000
3.50%
> 3,000 – ≤ 10,000
3.50%
> 40,000,000
4.00%
> 10,000
4.00%
With Digital Account, customers can check account balance, receive and transfer funds within PRASAC and across banks, scan KHQR to transfer funds or pay bills of water, electricity, solid waste and education fee, top up phone and other transactions.
Don’t wait! Open Digital Account now to get such benefits by downloading PRASAC Mobile Banking app from the Google Play Store or Apple App Store.
For more information, please visit Digital Account
PRASAC Ranked as Cambodia’s 2nd Largest Tax on Income Payer in 2022
Phnom Penh: PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, received a Letter of Appreciation from Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of Cambodia, in the occasion that PRASAC was named the most significant Tax on Income payer for the financial year 2022.
In the appreciation letter, Samdech Prime Minister stated, “I would like to express my sincere gratitude and admiration to Directors of the Institution who have declared and paid tax on its annual income for 2022 and was accredited as the 2nd largest payer of the Tax on Income among the top 10 enterprises that declared and paid such tax for the year 2022. The company’s fulfillment of the excellent and voluntary tax payment obligation is an excellent example for other enterprises, especially reflecting a high level of tax compliance and good corporate tax governance. Furthermore, I highly praise and admire the enterprise for its crucial contribution to Cambodia’s economy and social development.”
Self-Open PRASAC Savings Account Instantly without Visiting any Branch
Phnom Penh, 13 April 2023: PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, has announced the launch of Digital Account that allows on-the-go customers to open via PRASAC Mobile Banking app instantly by him/herself to perform banking transactions as needed.
Customers, aged up from 16 years old with valid Cambodian National Identification Card, can open PRASAC Digital Account without initial and minimum balance. Customers can check account balance, receive and transfer funds within PRASAC and across banks, scan KHQR to transfer funds or pay bills of water, electricity, solid waste and education fee, top up phone and other transactions.
Customers can top up the Digital Account easily via any PRASAC Cash Deposit Machine or by receiving funds from relatives’ or business partners’ PRASAC accounts or from Bakong wallet or from the app of other banks and financial institutions which are the members of Bakong and Retail Pay systems or at any PRASAC branch during working hours.
For more information, please visit Digital Account Customers can download PRASAC Mobile Banking app from the Google Play Store or Apple App Store to open PRASAC Digital Account today.
