DaraPay is a well known leading provider of mobile E-wallet and payment service that was founded in 2016. The company is a joint agreement between Canadia Investment Holding (CIH) of Cambodia and Fullerton Financial Capital (FFC), a subsidiary of Fullerton Financial Holdings (FHH) of Singapore, for the purpose of operating a mobile wallet and payments business in Cambodia.
As such, the newly announced partnership between the company and AliPay is one that ought to to integrate their different operations with one another and offer the market a flexible, on-demand digital payment solution through which Chinese tourists can conveniently use during their visit to Cambodia.
“We are excited to work with Alipay,” said Mr. Phok Ratha, General Manager of DaraPay. “Through this collaboration, Alipay users can now benefit from the convenience, simplicity, and security of our integrated system and merchant partners while enjoying their vacation in Cambodia.”
AliPay is known as the world’s leading payment and lifestyle platform which serves over 1.2 billion users together with its regional partners. AliPay is also the preferred payment method of Chinese tourists.
Mr. Ratha continued, “The partnership with Alipay is an important step that takes DaraPay to the next level of our business development. We do not only collaborate with local businesses but we are also actively working with international partners as part of our new strategic roadmap to enter a new horizon. In the future, we are looking to collaborate with other international partners to bring better and more innovative services to cater to our customers both the locals and international ones.”
The new operation will now encourage purchase completion by scanning the special QR code that is made available at DaraPay- enabled merchant partners. This new mode will be quite more effective than making cash payments or money transfers.