Acleda, Ly Hour join forces

Acleda Bank and local conglomerate Ly Hour Pay Pro (Ly Hour Veluy) on Friday signed an agreement on cooperation on transfer services.

Under the agreement, Acleda customers can deposit and withdraw money from one of the more than 4,500 Ly Hour agents throughout the country.

Ly Hour, chairman and CEO of the Ly Hour Group, said the goal of the partnership is to increase convenience for customers and save time.

“This is the beginning of a new chapter for us, expanding into the financial sector to improve people’s lives and provide convenient services, including investment advice, deposits and withdrawals,” he said.

Dr. In Channy, Acleda Bank president and group managing director, said the cooperation expands access to fintech in Cambodia and promotes the modernisation of the industry.

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