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Cambodia’s Banking Evolution: Trust and Innovation at the Forefront

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PHNOM PENH, Cambodia, March 25, 2025 /PRNewswire/ — In a rapidly changing financial landscape, Cambodia’s banking sector is emerging as a beacon of trust and innovation. Through significant advancements in digital banking, stringent cybersecurity measures, and transparent regulatory frameworks, the nation is positioning itself as a leader in ethical banking practices.

Digital Banking Surge Enhances Financial Inclusion

Recent data from the National Bank of Cambodia (NBC) reveals a notable shift towards mobile banking. In 2024, over 608 million transactions and payments, an increase of 334% from 2023, were made through the Bakong Payment System with the total value of 183 trillion KHR or 457 billion USD, a 127% increase from 2023. This trend underscores a growing consumer preference for accessible and user-friendly mobile platforms, reflecting its widespread adoption. NBC’s Bakong System has been instrumental in this digital transformation. By integrating e-wallets, mobile payments, and online banking into a single platform, Bakong has simplified transactions and broadened financial access, particularly in rural areas.

“Digital payments are transforming financial inclusion in Cambodia, especially for underserved communities. By using mobile banking and platforms like the Bakong system, we are making financial services more accessible, affordable, and secure—particularly for those in rural areas,” said Ms. Dith Nita, Chairwoman of the Cambodia Microfinance Association (CMA). 

Strengthening Cybersecurity and Regulatory Transparency

To maintain financial stability amid rapid digitalization, Cambodia’s banking sector has prioritized cybersecurity and transparent regulatory practices. The Association of Banks in Cambodia (ABC), together with the Cambodia Microfinance Association (CMA) has been proactive in promoting consumer protection, financial literacy, and industry-wide cybersecurity initiatives, thereby fostering a stable and resilient financial environment.

In a significant regulatory development, NBC has introduced a framework that uses blockchain technology, providing clear guidelines to encourage innovation in digital finance while safeguarding financial stability. This move not only positions Cambodia as a responsible player in the global financial ecosystem but also attracts fintech firms seeking a regulated yet flexible environment for growth.

Commitment to Ethical Banking Practices

Cambodia’s financial institutions are dedicated to ethical banking, emphasizing responsible lending and financial inclusion. The NBC-UN Multi-Stakeholder Consultation on Microfinance, held in January 2025, highlighted key reforms such as prohibiting the use of Indigenous Communal Land Titles (ICLTs) as collateral and establishing a Financial Consumer Centre under the ABC and the Cambodia Microfinance Association (CMA) to assist borrowers in financial distress. These measures underscore the sector’s commitment to ethical practices and consumer protection.

ABC Chairman Rath Sophoan said, “As responsible providers, we are committed to ensuring financial access while contributing positively to the well-being of the population, always upholding the principles of transparency, fairness, and social responsibility.”

A Model for Regional Banking Excellence

With secure digital platforms, clear regulatory frameworks, and a steadfast commitment to ethical practices, Cambodia’s banking sector is setting a high standard in the region. As global investors seek stability and transparency, Cambodia is proving itself as a reliable and innovative financial hub.

By balancing technological advancement with ethical banking, Cambodia’s financial institutions are fostering long-term trust, ensuring the country remains a key player in Southeast Asia’s financial landscape—ready for the future, yet firmly grounded in stability.

For further details please contact:
ABC Secretariat
Mr. Sok Chan, Head of Financial Inclusion and Public Relations
Email: abc_fi@abc.org.kh
Phone: +855 92 683 330

CMA Secretariat
Mr. Tongngy Kaing, Head of Communications
Email: hcd@cma-network.org
Phone: +855 95 262 111

About ABC

The Association of Banks in Cambodia was formed in 1994 and is recognized by the Royal Government as the official organization to represent the country’s private banking sector. Our purpose is to promote constructive dialogue amongst member banks, and to serve as an industry voice to the public and the Government.

About CMA

The Cambodia Microfinance Association is an NGO and professional association that aims to ensure the prosperity and sustainability of the microfinance sector in Cambodia. CMA plays a vital role in creating local and international networks as well as seeking equity and loan funds, new technologies and overseeing conflict resolution between microfinance operators. All of these activities have led each member microfinance institution to become stronger and more successful and thereby attract support from the international market to enable industry expansion.

For media inquiries:
TWPR
Ms. Pheng Kim Hoan, Managing Director
Email: kim@twowaypr.com
Phone: +855 10 455 466

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cambodias-banking-evolution-trust-and-innovation-at-the-forefront-302410437.html

SOURCE The Association of Banks in Cambodia (ABC)

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PXPay Plus and J.P Morgan Asset Management Taiwan Join Forces to Launch Industry-First Direct Fund Dividend Direct Deposit into E-Wallet Accounts

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Endless Growth of Wealth: Reinvest Dividends into Micro-Investment Funds

TAIPEI, March 31, 2025 /PRNewswire/ — “Digital Hen” is a fund investment service jointly launched by PXPay Plus and Fund swap, integrating payment and investment functions. It is designed for beginner investors and budget-conscious individuals, allowing them to invest while they spend. The service offers two investment options: “Spare Change Saving” and “Regular Saving.”

Since its launch, it has achieved impressive results, gaining nearly 10,000 new users in Q4 2024 compared to Q3. On average, Digital Hen users have seen a return of approximately 10.9% (investment always carries risks; fund investments may gain or lose value; please read the prospectus carefully before subscribing). This service also makes it easier for beginner investors to build their wealth.

Following the launch of the “Digital Hen” service, PXPay Plus is once again expanding its footprint in financial innovation! Today (27th), PXPay Plus announced a partnership with J.P Morgan Asset Management Taiwan, a global leader in asset management, to launch a new service integrating  e-wallet with asset management. This service allows users to flexibly utilize their fund dividend earnings, enhancing daily convenience and quality of life while achieving their ideal financial goals.

With this innovative service, investors can have their fund dividends deposited directly into their PXPay Plus account balance, which can then be used for daily expenses. Additionally, by participating in designated promotional campaigns, users can earn “PXPay Plus Points” (1 PXPay Plus Point = 1 TWD, which can be redeemed for purchases). Alternatively, they can leverage the “Digital Hen” service to allocate small amounts of change into investments, reducing financial risks through diversification.

This service not only makes wealth management easier but also enables smarter spending! It offers investors a more flexible and diverse approach to asset utilization, creating a new experience in both financial management and payments.

※ Investment involves risks. Fund investments may result in gains or losses. Please read the fund prospectus carefully before making any investment decisions.※

First Ever in the Industry: Fund Dividends Deposited Directly into E-Wallet Accounts

J.P Morgan Asset Management Taiwan has been deeply rooted in the local market for 40 years and was the first foreign asset management company in Taiwan to offer online fund trading. By providing a diverse range of financial products and services, it integrates quantitative data with qualitative expertise to ensure clients benefit from convenient financial solutions.

Henry Tong, Chairman of J.P Morgan Asset Management Taiwan, emphasized that “products” and “customers” are the two core values of the company. Recognizing the growing demand for fund dividends, J.P Morgan Asset Management Taiwan has partnered with PXPay Plus to launch an innovative service, “Dividend Deposit into PXPay Plus” This new financial solution integrates PXPay Plus as one of the fund dividend deposit channels, allowing dividends to be directly credited to PXPay Plus accounts. This enhances capital utilization efficiency and offers dividend fund investors an additional option to use their earnings for daily expenses.

General Manager of PXPay Plus, Kennith Yu, highlighted that J.P Morgan Asset Management Taiwan is a globally trusted investment partner that stays ahead of market trends. Through this collaboration, PXPay Plus aims to achieve three key objectives: First, to attract more new users. Secondly, increase users’ consuming power to raise the transaction volume, since they have deposited their fund dividends into PXPay Plus wallet. Last of all, foster more cross-industry cooperation, creating opportunities to develop a more diverse financial platform. 

9 Funds Eligible for “Dividend Deposit to PXPay Plus” – Earn PXPay Plus Points with Qualifying Purchases!

To celebrate the launch of its new financial service, PXPay Plus is offering a special reward program for users. From April 1 to December 31, 2025, PXPay Plus members who are also users of the J.P Morgan Asset Management Taiwan DIRECT investment platform, who participate in the “Dividend Deposit to PXPay Plus” program and have at least one successful dividend deposit into a given month can earn  500 PXPay Plus Points by making a single purchase of NTD 500 or more using PXPay Plus in the following month.(This offer applies only to domestic J.P Morgan Asset Management Taiwan funds) Each user can receive a maximum of 500 PXPay Plus Points per month, up to 4,000 PXPay Plus Points throughout the campaign period.

For Example:

Scenario A:Hu-Li(The mascot of PXPay Plus) subscribes to a designated J.P Morgan Asset Management Taiwan fund before 4:00 PM on April 7, 2025, and links  their PXPay Plus account to receive fund dividends. In April 2025, the fund dividends are successfully credited to their PXPay Plus account. On May 2, 2025, Hu-Li makes a single purchase of NTD 568 at RT-Mart using PXPay Plus and receives 500 PXPay Plus Points as a reward.

Scenario B- Pang-P(Mascot of PXPay Plus) previously subscribed to a designated J.P Morgan Asset Management Taiwan fund and updated their dividend deposit method to PXPay Plus before March 31, 2025. In April 2025, the fund dividends are successfully credited to their PXPay Plus account. On May 5, 2025, Pang-P makes a single purchase of NTD 888 at RT-Mart using PXPay Plus,  Pang-P then receives 500 PXPay Plus Points as a reward. On the other hand, if users who do not receive fund dividends in April 2025 will not be eligible for the reward in May.)

Looking to  the future, this collaboration marks the beginning of a long-term partnership between PXPay Plus and J.P Morgan Asset Management Taiwan. Both companies aim to develop more innovative financial services, making fintech solutions accessible across different social sectors while enhancing platform competitiveness and market influence. Furthermore, PXPay Plus and J.P Morgan Asset Management Taiwan will continue to offer diverse and customized financial management and payment services, helping users achieve long-term financial goals while  creating a smarter, more convenient financial lifestyle.

【Attachment 1】

Promotion Period: 2025 April 1st to 2025 December 31st

Eligible Participants: This promotion is open to all PXPay Plus members who are also J.P Morgan Asset Management Taiwan DIRECT investment platform customers at the time of cashback calculation.

Promotion Details:

How to participate:

Log in to J.P Morgan Asset Management Taiwan DIRECT: PXPay Plus members must log in to the J.P Morgan Asset Management Taiwan DIRECT investment platform. Link the  Fund Dividend to PXPay Plus account, set up the deposit of domestic fund dividends to the PXPay Plus wallet. After identity verification and successful linking, the PXPay Plus membership number will appear in the fund account information under “My Account” > “Withdrawal/Deposit Account” > “Dividend Deposit Bank/Account”. : When a J.P Morgan Asset Management Taiwan domestic fund reaches the distribution threshold for the current month, the dividend will be credited to the PXPay Plus wallet.

Only domestic J.P Morgan Asset Management Taiwan funds qualify for the dividend deposit to PXPay Plus accounts. If the fund is an international J.P Morgan Asset Management Taiwan fund, the dividend will be credited to the previously set bank account, and the user will not be eligible for this event.If a fund does not reach the distribution threshold for dividends in a given month, the dividend will not be credited to PXPay Plus, and the user will not be eligible for the event’s rewards. Please refer to the fund prospectus for the specific distribution threshold.You can view dividend deposit records in the PXPay Plus App under “My” > “Transaction Records”.Boosting spending power:

Once the user  qualifies for the event, they can earn 500 PXPay Plus Points by making a single purchase of NTD 500 or more in the following month. Eligible purchases can be made with your PXPay Plus balance account, linked bank account, or linked credit card, including payments for domestic and international purchases.

The 500 PXPay Plus Points promotion points will be awarded starting in May 2025. Each customer can receive the reward once per month, up to 8 times during the event period.. The final month for receiving rewards is December 2025. A total of 5,000,000 PXPay Plus Points will be distributed, allocated on a first-come, first-served basis, until the total allocation is exhausted..

Example 1:

Your J.P Morgan Asset Management Taiwan domestic fund’s dividend is successfully credited to your PXPay Plus account in April (qualifying for the event). On May 3, 2025, you make a NTD 550 purchase with PXPay Plus wallet (meeting the NTD 500 minimum), and you will immediately receive 500 PXPay Plus Points. If you make another purchase on May 10, 2025, the reward will not be issued again in May as you are only eligible for one reward per month.

Example 2:

Your J.P Morgan Asset Management Taiwan domestic fund’s dividend is successfully credited to your PXPay Plus account in mid-April (qualifying for the event). If you make a purchase of NTD 600 on April 28, 2025, you will not receive the reward because the reward is applicable to purchases made in the month following the dividend deposit.The PXPay Plus Points will be issued by  PXPay Plus Co., Ltd., and the event is concurrent with other PXPay Plus promotions.

This collaboration with J.P Morgan Asset Management Taiwan is limited to fund dividends being deposited into PXPay Plus. Users cannot use PXPay Plus to purchase J.P Morgan Asset Management Taiwan funds, nor can they use PXPay Plus to make fund subscriptions or redemptions. Fund subscriptions and redemptions must be made through the J.P Morgan Asset Management Taiwan DIRECT platform.

<For more details, please refer to the PXPay Plus App announcement, PXPay Plus reserves the final right to make decisions regarding this promotion>

About PXPay Plus

PXPay Plus, an e-wallet brand founded and 100% fully owned by the PX Mart Group. In June of 2021, PXPay Plus obtained licenses and approval for operating electronic payment related business from the FSC (Financial Supervisory Commission) in Taiwan. Continuing the company culture of the PX Mart group, building a delightful company environment for everyone. With the launch of PXPay Plus, users can now enjoy enhanced wallet features, providing a seamless and secure payment experience.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/pxpay-plus-and-jp-morgan-asset-management-taiwan-join-forces-to-launch-industry-first-direct-fund-dividend-direct-deposit-into-e-wallet-accounts-302415478.html

SOURCE PXPay Plus

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JK Tech Appoints Sameer Nagpal as President & CEO to Propel Growth in the Gen AI Era

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A leader set to drive expansion and elevate brand presence in the US and global markets.

LONDON, March 31, 2025 /PRNewswire/ — JK Tech, a leading provider of new-generation Gen AI and data transformation services, proudly announces the appointment of Sameer Nagpal as its new President & CEO. Aloke Paskar, the current President & CEO, moves to the Advisory Board of the company. This significant move comes as JK Tech continues its mission to transform businesses with its Generative AI platform, JIVA, and drive innovation across the Retail, CPG, and Financial Services industries.

With over 25 years of experience in the US market, Sameer brings a proven track record of driving revenue growth through consultative selling, digital transformation, and cloud enablement. His deep expertise and strategic vision align perfectly with JK Tech’s focus on delivering scalable, AI-driven solutions powered by strong partnerships with hyperscalers.

Under Sameer’s leadership, JK Tech is set to expand its market footprint during a pivotal time in the Gen AI era. His role will emphasise leveraging JIVA to unlock data-driven insights and create transformative value for clients. By harnessing the power of Gen AI and JK Tech’s industry-focused approach, Sameer aims to shape the next chapter of the company’s success.

Aloke Paskar, former President & CEO of JK Tech, expressed his enthusiasm: “We are thrilled to welcome Sameer Nagpal as our new President & CEO. His exceptional leadership, deep industry relationships, and ability to foster innovation make him an ideal partner for JK Tech’s next phase of growth and innovation. Sameer’s expertise will play a pivotal role in enhancing our US market presence and driving transformative outcomes for our clients in the Gen AI era, establishing JK Tech as a unique platform-driven services company in the disruptive world of AI.”

Sameer Nagpal, now President & CEO of JK Tech, shared his vision, “I am honored to join JK Tech during such an exciting phase of its growth. The company’s commitment to innovation and client success is inspiring. Together, we will build on JK Tech’s momentum, delivering groundbreaking solutions that empower enterprises to thrive in a competitive, AI-driven landscape.”

About JK Tech

JK Tech is a Gen AI-focused data services organisation dedicated to empowering enterprises in the Retail, CPG, and Financial Services industries. Through its strategic partnership with Google Cloud, JK Tech helps clients unlock the full potential of their data, enabling actionable insights, automation, and sustainable growth. JK Tech’s flagship platform solution, JIVA, serves as a cornerstone for transforming business operations and achieving measurable ROI. To learn more, visit www.jktech.com. Find JK Tech on Twitter, LinkedIn

Logo: https://mma.prnewswire.com/media/2088130/4059438/JK_Tech_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/jk-tech-appoints-sameer-nagpal-as-president–ceo-to-propel-growth-in-the-gen-ai-era-302414197.html

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Scope Technologies Corp Closes First Tranche of Private Placement Financing

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VANCOUVER, BC, March 31, 2025 /CNW/ — Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) (“Scope Technologies” or the “Company”) is pleased to announce that it has received the proceeds for the first tranche of its previously announced $1,500,000 non-brokered private placement financing (the “Offering”) (see news release dated March 24, 2024).

The Company issued 2,000,000 shares (the “Shares”) at a price of $0.50 per Share for total proceeds of $1,000,000, for the first tranche of the Offering (the “First Tranche”).

No finders’ fees were payable under the First Tranche. The Shares under the First Tranche will be subject to restrictions on resale until August 1, 2025. The aggregate net proceeds of the Offering will be used to repay a $1,000,000 loan previously received from First Majestic Silver Corp. and the remaining funds will be used towards accelerating the development of the Company’s QSE mobile application.

This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America. The securities being offered as part of the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to available exemptions therefrom.

For more information on how QSE’s quantum security solutions can help healthcare providers comply with the proposed regulations, visit www.qse.group

About Scope Technologies Corp.

Headquartered in Vancouver, British Columbia, Scope Technologies Corp is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks, empowering businesses with secure, scalable technologies that drive growth and operational efficiency.

LinkedIn: scope-technologies-corp
Facebook: Scope Technologies Corp
Twitter:  @ScopeTechCorp

Contact Information:

James Young
CEO, Scope Technologies Corp.
Email: james@scopetech.ai 
Phone: +1 604-416-1720
Website: www.scopetechnologies.io

Cautionary Note Regarding Forward-Looking Statements 

This news release contains forward-looking statements that constitute forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “aim”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company’s latest management discussion and analysis, a copy of which is available under the Company’s profile on SEDAR at www.sedar.com. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company’s business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.

The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

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View original content:https://www.prnewswire.com/news-releases/scope-technologies-corp-closes-first-tranche-of-private-placement-financing-302415249.html

SOURCE Scope Technologies Corp.

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