Sathapana Bank Rolls Out New Cash Recycling ATMs; Further Strengthen Its Express Banking Service

Sathapana Bank in Cambodia announced their new Cash Recycling ATM machines. The bank invited OpenWay representatives to the ribbon cutting event.

Phnom Penh, Cambodia, 08 May 2018 – Our customer Sathapana Bank in Cambodia has publicly announced their new Cash Recycling ATM machines.  It's a milestone for Sathapana who has chosen WAY4 to renovate its banking services. The bank invited OpenWay representatives to the ribbon cutting event.

Sathapana Bank would roll out new cash recycling ATMs in branches and off- sites countrywide to bring a new level of express banking services to the customers.

The bank will introduce 50 new cash recycling ATMs across the country increasing the total number of Sathapana’s ATMs to 150 so far this year.

“Sathapana is making investment in latest technologies, such as cash recycling ATMs, to provide our customers with fast, secure and convenient banking services and experiences across the country,” said Mr. Norihiko Kato, Chief Executive Officer of Sathapana Bank.

Mr. Kato added, “With the new ATM, customers can deposit cash into their account anytime including before and after business hours, weekends, and holidays. The new machine can accept the largest number of cash notes to deposit with precise sensing technology.

Of course, with the ATM, customers can withdraw cashand make remittances and other transactions as they can already do now. Also, cash recycling ATMs reduces frequency of cash replenishment required, which improves the efficiency of operation of the bank.”

“This is the first time that we introduce our product in Cambodia. We are honored to partner with Sathapana Bank to provide our cash recycling ATM machines and services in the Cambodian market,” said Mr. Kokichi Murayama, Executive Operating Officer and General Manager Global Business Group of Hitachi-Omron Terminal Solutions, Corp.

The launch of the new cash recycling machines is one of Sathapana Bank’s initiatives to bring in the latest banking technologies to the market in order to provide customers with secure and convenient banking services.

Sathapana Bank is one of the leading commercial banks in Cambodia with total assets of over US$ 1 Billion. The bank has the second-largest branch network in the country with 168 branches and more than 4,000 employees. The bank provides full banking products and services such as loans, deposits, domestic and foreign remittances, guarantees, and export and import settlement, among others.

Source: Sathapana Bank