PPCBank Becomes the First Diners Club International Issuer in Cambodia
08 Novembre 2018 - 3:00PM
Business Wire
PPCBank and Diners Club International have signed a franchise
agreement in Cambodia. The Network Participation Agreement gives
PPCBank the privilege to issue Diners Club cards to its customers
in Cambodia. The signing of the agreement at Sofitel Phnom Penh
Phokeethra follows the establishment of a memorandum of
understanding earlier this year.
PPCBank’s customers will be invited to apply for Diners Club
Cambodia cards that would come with special benefits and
world-class experiences in shopping, dining, travel, healthcare,
education and more. The Diners Club Cambodia card will be accepted
around the globe at more than 28 million merchants in more than 190
countries and territories. Diners Club Cambodia clubmembers will
enjoy access to numerous consumer and commercial card programs,
with a wide variety of benefits including access to a network of
airport lounges, elite status and valuable offers at the world’s
finest hotels, memorable dining experiences at world-renowned
restaurants, and special offers on luxurious entertainment and
shopping categories.
Mr. Shin Chang Moo, the President of PPCBank, said: “Cambodia is
a fascinating country and the economy has continued to grow
steadily with a marked increase in income levels. With the recent
emerging trend in mobile financial services, people’s behavior and
perspectives towards spending money have changed dramatically.
People are now willing to spend more on quality products and
services, instead of spending less for ones that fall short of
their expectations and needs.”
“With that in mind, PPCBank is always on the lookout for
opportunities to introduce new and innovative products and services
that can cater to a growing demand. With Diners Club International,
we look forward to providing Cambodians with a whole new level of
financial experience, while enjoying a wealth of privileges all
around the world,” said Mr. Shin.
“We look forward to supporting PPCBank with the launch of Diners
Club Cambodia cards and providing their clubmembers with worldwide
acceptance and the ability to take advantage of many of the
exclusive benefits only available to Diners Club members,” said Joe
Hurley, senior vice president and head of global business
development for Discover. “This agreement aligns with our strategy
of creating unique and flexible partnerships around the world.”
Through this agreement with Diners Club International, PPCBank
aims to provide dedicated premium products and services for
individuals who are seeking luxury and convenience, domestically
and internationally, while maintaining quality and prestige.
With Diners Club Cambodia cards, their travel experience can be
elevated through exclusive Diners Club International worldwide
privileges which includes access to Diners Club® Airport Lounges in
more than 850 locations worldwide.
Founded in 2008, PPCBank is recognized as one of the fastest
growing commercial banks in Cambodia, not only in terms of asset
size but also its network reach and growth in its customer base.
Aiming to both revolutionize and personalize Cambodia’s banking
experience, PPCBank recently launched a suite of products and
services including its mobile application, fully functional
Corporate Internet Banking (smartBiz), Mobile Teller system for
on-the-spot consultations, and intelligent Call Center to support
customer 24/7. Currently, the fully licensed commercial bank is in
the process of carrying out its digital banking project, focusing
on the introduction and improvement of mobile financial services.
The new franchise relationship with Diners Club International will
be the latest addition to its product offering.
Over the past two decades, Cambodia has experienced strong
economic growth and consequently, income levels have risen
remarkably, resulting in a higher amount of disposable income. With
an average growth rate of 7.7% between 1995 and 2017, Cambodia is
the sixth fastest-growing economy in the world. Economic growth is
expected to be sustained with the World Bank forecasting growth of
7% for 2019.
About PPCBank
Locally incorporated in September of 2008, PPCBank currently
operates throughout 18 branches and 28 ATMs across Phnom Penh and
major provinces. With its vision, “Success Story Creation Based on
Localization and Advanced Model in Southeast Asia”, PPCBank commits
to providing Omni channel experiences for its customers and
non-customers. Ranging from social-thinking branches with coffee
shop served by people with special needs in their locations,
easy-banking Mobile App for individual customers to smartBiz, a
corporate management system for corporate customers to bank and
manage their payment collection more effectively with Virtual
Account, PPCBank also provides Mobile Teller for onsite
consultation within and out of the branch. In addition to this,
PPCBank also delivers its service to HNWI (High Net-Worth
Individual) customers with Gold Club privileged banking
hospitality. And for Japanese and Chinese customers, they also can
visit the bank to receive services from Japan and China desks and
experience PPCBank ‘Fun Bank’ concept. For more information, visit
www.ppcbank.com.kh
About Diners Club International Ltd.
Established in 1950, Diners Club International became the first
multi-purpose charge card in the world, launching a financial
revolution in how consumers and companies pay for products and
services. Today, Diners Club is a globally-recognized brand serving
the payment needs of select and affluent consumers, offering access
to more than 850 airport lounges worldwide, and providing
corporations and small business owners with a complete array of
expense management solutions. With acceptance in 190 countries and
territories, millions of merchant locations and access to more than
1 million cash access locations and ATMs, Diners Club, as a part of
the Discover Global Network, is uniquely qualified to serve its
cardmembers all over the world. Diners Club International is a
wholly owned subsidiary of Discover Financial Services (NYSE: DFS),
a direct banking and payment services company with one of the most
recognized brands in U.S. financial services. For more information,
visit www.dinersclub.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181108005063/en/
Katerina KimMarketing Manager of PPCBankEmail:
k.katerina@ppcb.com.khorSarah Grage SilbermanDiscover/ Diners Club
Internationalsarahgragesilberman@discover.com+1-224-405-6029@Discover_News
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