PTT Cambodia and ABA Bank Partner to Streamline Payment Collections with Innovative ERP-based Solution
PTT Cambodia, a subsidiary of the Thai energy company, has partnered with ABA Bank, Cambodia's largest commercial bank and digital finance provider, to offer ERP-based payment solutions.
This innovative system uses Host-to-Host integration to connect PTT's internal systems with ABA's banking system, allowing PTT to efficiently collect payments from dealers and distributors.
The partnership was officially announced on April 29, 2024, at ABA Bank's Head Office in Phnom Penh, with attendance from Askhat Azhikhanov, CEO of ABA Bank, and Nuttapong Kaewtrakulpong, Managing Director of PTT Cambodia.
ABA Bank and PTT Cambodia have announced a partnership to offer a customized Direct Debit solution.
This payment solution, provided by ABA Bank, simplifies business-to-business (B2B) and business-to-customer (B2C) payment collection for PTT by allowing electronic fund withdrawals from customers' accounts on due dates.
The Direct Debit solution eliminates manual collections, reduces paperwork, and ensures timely settlement, improving cash flow predictability and efficiency for businesses of all sizes.
PTT Cambodia, a subsidiary of Thai energy company PTT Public Company Limited, has partnered with ABA Bank to implement ABA's Direct Debit solution.
This collaboration will enable PTT Cambodia to offer convenient and efficient payment options to its partners, while also improving cash flow management and operational efficiency.
The partnership represents a significant step forward in streamlining payment collections within Cambodia's business landscape.
The partnership was officially announced on April 29, 2024, at ABA Bank's Head Office in Phnom Penh, with attendance from Askhat Azhikhanov, CEO of ABA Bank, and Nuttapong Kaewtrakulpong, Managing Director of PTT Cambodia.
ABA Bank and PTT Cambodia have announced a partnership to offer a customized Direct Debit solution.
This payment solution, provided by ABA Bank, simplifies business-to-business (B2B) and business-to-customer (B2C) payment collection for PTT by allowing electronic fund withdrawals from customers' accounts on due dates.
The Direct Debit solution eliminates manual collections, reduces paperwork, and ensures timely settlement, improving cash flow predictability and efficiency for businesses of all sizes.
PTT Cambodia, a subsidiary of Thai energy company PTT Public Company Limited, has partnered with ABA Bank to implement ABA's Direct Debit solution.
This collaboration will enable PTT Cambodia to offer convenient and efficient payment options to its partners, while also improving cash flow management and operational efficiency.
The partnership represents a significant step forward in streamlining payment collections within Cambodia's business landscape.
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