Sathapana Bank, a leading commercial bank in Cambodia, is celebrating the launch of its new Sathapana Mastercard credit cards. These cards bring to customers the convenience and flexibility of the Mastercard priceless™ experience, with 1,000 unique benefits at over 90 million merchants worldwide. Besides global accessibility, Cambodian consumers gain a range of cashback rewards and special offers from hundreds of e-commerce and in-store merchants within their country.
This milestone was reached after successfully migrating the bank’s fragmented payment infrastructure, inherited from two financial institutions, to OpenWay’s best-in-class Way4 digital payments software platform. Way4 functions as a genuine online payment solution with complete functional coverage, and it is rule-driven, ensuring a digital-first, fast-to-market approach that is proven by the global and local experience of the OpenWay team. The complete migration of Sathapana’s card issuing and merchant acquiring portfolio was accomplished in a record time of 6 months.
The new top-rated, innovative platform allows Sathapana Bank to optimize its operations and double its card issuing business while expanding its acquiring processing capabilities. Sathapana Bank is now serving 25% of all Cambodian businesses, encompassing MSMES, SMEs and corporates, which testifies to the reliability and usability of its Way4-based offerings.
Photos from the event you can see here.