Sathapana Bank has  hit a new milestone to become the first leading commercial bank in Cambodia to offer overseas funds transfer service with Visa B2B Connect for all new and existing business banking customers.

This flexible cross-border business payment solution covers more than 104 countries and territories worldwide and is available in over 100 currencies, underlined a joint press release.

“At the heart of our business is the unwavering commitment to provide our customers seamless experience and innovative solutions. The ability to make and receive payments quickly and securely is crucial for businesses of all sizes, especially in today’s ever-changing regional and global business environment.

“With Visa B2B Connect, Sathapana’s business banking customers can benefit from the convenience of making fast and secure cross-border commercial payments through our extensive network of branches,” says Fung Kai Jin, Chief Executive Officer, Sathapana Bank.

“Businesses now need payout capabilities that are transparent, fast, and easily manageable,” says Ms. Monika Chum, Visa Country Manager for Cambodia.

“Visa B2B Connect will empower Sathapana Bank clients to enter the global economy with highly secure international payments at a reduced cost.”

Visa B2B Connect has been launched for both outbound and inbound business-to-business payments. Already, Cambodian businesses are enjoying seamless, efficient and predictable payments to many markets, with the popular destinations being Thailand, Singapore, Hong Kong, Europe, Mainland China, Japan, the U.S and Bangladesh.

Visa B2B Connect provides a single connection to the globe so that businesses can transfer money directly to the recipient account. This removes intermediary banks, reducing significant time and cost for each transaction.

At the same time, it provides businesses full visibility of their fees, exchange rates and when funds would be delivered from the outset. Visa B2B Connect features several safety layers, with each transaction screened for enhanced payment security.

Additionally, an organization’s sensitive business information is protected by Visa’s proprietary tokenization technology, making it illegible even in case of unauthorised access. C. Nika – AKP

• Tags: Sathapana Bank, Visa B2B