Cambodia's fourth-largest microfinance institution, Hattha Kaksekar, has gone live with SmartVista, the end-to-end payments solution from BPC Banking Technologies. The software will support the the delivery of a wide range of customer services across various channels, including ATMs, POS devices and mobile phones.

SmartVista is providing financial transaction switching for Hattha Kaksekar, plus card management for all types of cards — debit, local credit, prepaid and virtual. Built-in EMV support on SmartVista for EMV will allow the FI to issue local chip cards on EMV standards, as Cambodia joins the worldwide shift to smartchip technology.

The BPC solution will enable balance and mini statement inquiries, funds transfers, and remittance transactions on ATMs and POS devices. In addition, it supports mobile payment services nationwide. Built-in EMV support on SmartVista will allow the FI to issue local chip cards on EMV standards.

BPC also implemented a number of features that will help Hattha deliver advanced services, including cardless foreign currency exchanges on ATMs and biometric authentication on ATMs and POS devices. 

"With BPC's SmartVista as our core payments processing system we are confident that we can provide our valued customers flexible access to a wide range of innovative products and services, and an enhanced financial services experience," said Hout Ieng Tong, president and CEO of Hattha Kaksekar Ltd. "We are the only microfinance company to have a solution with such advanced capabilities, and we believe that it gives us a competitive advantage that puts us five years ahead of the other players in the market." 

"Powered by SmartVista, not only is Hattha ahead of other local players in offering innovative products, but it is able to bring new products to market much more quickly, while significantly reducing costs," said Rajan S. Narayan, managing director for BPC Asia Pacific. "Hattha is well positioned for further payment business innovation. We are delighted to be part of the payment transformation in Cambodia combining biometric authentication with microfinance products to enhance the everyday payment experience of Cambodians, and to partner with Hattha to achieve its ambitious business strategies."

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