TechCreate Group co-hosted a digital accelerator forum with the Banking Association of Cambodia at the Hyatt Regency in Phnom Penh on August 22, as the Singapore-based technology service provider marked its arrival in the Kingdom in style.
TechCreate Group – a technology services group specializing in innovative solutions for digitizing digital payments, IT security and infrastructure solutions – has invested in Cambodia with a local entity to reach the various sectors of the Kingdom.
And with this new setup, TechCreate Group brings its vast experience of digitization to the Kingdom and joins Cambodia’s digital revolution.
HE Nuon Pharat, the Deputy Governor of Phnom Penh, was the guest of honor at the event chaired by TechCreate Group CEO, Lim Heng Hai, and attended by representatives of the group’s partners and the Cambodian banking industry, as well as other distinguished guests.
“In this digital age, we can see that there is a great opportunity to use digital technologies to solve urban problems. Phnom Penh is one of 26 cities in the ASEAN Smart Cities network.
“Phnom Penh recently adopted the “Smart and Sustainable Strategic Roadmap 2022-2035” and implemented a number of pilot projects towards digital transformation, integrating technology into our daily city operations.
Phnom Penh is developing alongside the government’s digital policy, with Prime Minister Hun Sen saying he believes Cambodia will strive to achieve digital transformation to take the Kingdom’s economy and society to a higher level of development. .
“I would therefore like to express my gratitude to the technology service providers for coming to Phnom Penh to share your experience and best practices, as well as your suggestions for solutions,” said HE Nuon Pharat.
Lim Heng Hai, CEO of TechCreate Group, spoke about the Kingdom’s huge potential.
“Cambodia is a dynamic economy with many opportunities for digitization.
“With our experience of digitalization in Asia, we are confident that we can form trusted partnerships with Cambodian banks for their digital journey,” he said.
After receiving a token of appreciation himself, HE Nuon Pharat as guest of honor introduced them to representatives of TechCreate Group’s trusted partners, which include Kong (API management solutions), Mandiant ( cybersecurity) and OneSpan (digital agreements/authentications).
Heng Chivoan
Marking its entry into the Kingdom, the forum was part of TechCreate Group’s efforts to share its digitalization experience, as well as potential products and services that can enable Cambodian banks to enhance their digital capabilities.
TechCreate Group has expressed its commitment to align with the government’s “Policy Framework for Cambodia’s Digital Economy and Society 2021-2035” on building a vibrant digital future for the Kingdom.
Announced in May 2021, the policy sets out a long-term vision for building a vibrant digital economy and society by laying the foundation for promoting digital adoption and transformation across all sectors of society.
As a trusted partner in digital solutions, TechCreate Group has been at the forefront of technological innovation since its inception and has used its expertise and extensive operational experience to successfully implement multiple new and innovative digital solutions.
These include its own proprietary payment solutions, IT cybersecurity, API gateways and blockchain solutions, among others, for banking and financial institutions across Asia.
TechCreate Group also works with some of the industry’s leading experts in cybersecurity and secure infrastructure services, combined with market-leading technologies to provide a springboard for the next phase of digital transformation.
According to a November 2020 Mckinsey report, Asia has outpaced all other regions in payments revenue growth over the past few years.
The region is also the largest contributor to global payments revenue, generating more than $900 billion in 2019, almost half of the global total.
With a focus on powering the future of payments in Asia, TechCreate Group aims to provide cutting-edge innovation and technology capability to enhance value creation for its customers.
“We are convinced that together with our partners in the region, we can promote sustainable finance and offer new value and ideas to better serve our Cambodian clients.
“In addition to this, Phnom Penh, Battambang and Siem Reap have been chosen to participate in the ASEAN Smart Cities Network.
“We hope we will be able to complement and deliver smart security, mobility and sustainability solutions to these cities,” said Ronald Vong, Managing Partner of TechCreate Group.
