MICROCAPITAL BRIEF: Cambodian Microbank Sathapana, ElectraCard Partner to Provide ATM, Debit Card Services

Sathapana Limited, a Cambodia-based microfinance institution (MFI), reportedly has partnered with ElectraCard Services (ECS), a subsidiary of India-based Opus Software Solutions that provides electronic payment services, to provide automated teller machine (ATM) and debit card services to Sathapana customers. Sathapana plans to provide card-less remittances, airtime top-up for mobile phones, dual currency cash dispensing, and check and cash deposit services through ElectraCard’s electronic payment platform. ElectraCard’s products include electraSwitch, a routing system that allows financial institutions to deliver services via ATMs, kiosks, cash deposit machines, point of sale (POS) terminals, internet, land-line telephone and mobile phone; and electraDebit, which supports various debit card operations that are compatible with networks such as Visa and MasterCard.

Sathapana is majority-held by Mahuran Japan Bank. As of 2012, Sathapana reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 150 million, a gross loan portfolio of USD 121 million, approximately 68,000 active borrowers and deposits of USD 66.7 million from 44,000 depositors. In addition to India, Opus Software Solutions, has Dubai, Singapore, the United Kingdom and the United States. Financial information for ElectraCard Services and Opus Software Solutions are unavailable.

By Adrija Vaiciulionis, Research Associate

About Sathapana Limited:
Originally established as a nonprofit organization called Cambodian Community Building (CCB), Sathapana Limited registered with the National Bank of Cambodia (NBC) as a microfinance institution (MFI) under its current name in 2003. Sathapana obtained a deposit taking license from NBC in 2009. Sathapana is majority-held by Mahuran Japan Bank. Dr Bun Mony serves as Chief Executive Officer (CEO) of Sathapana as of 2013. For the year 2012, Sathapana reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 150 million, a gross loan portfolio of USD 121 million, approximately 68,000 active borrowers and deposits of USD 66.7 million from 44,000 depositors.

About ElectraCard Services (ECS):
Electracard Services (ECS) is a subsidiary of Opus Software Solutions based in India. ECS provides acquiring, issuing and risk management solutions for electronic payments. ECS provides turnkey solutions to financial institutions. ECS has created products for debit and credit cards, prepaid cards, electronic fund transfer (EFT) and e-commerce solutions. Financial information for ElectraCard Services is unavailable.

Sources and Additional Resources:

ATM Marketplace Article, “ElectraCard to Drive E-Banking Services for Cambodia’s Largest MFI,”
http://www.atmmarketplace.com/article/218895/ElectraCard-to-drive-e-banking-services-for-Cambodia-s-largest-MFI

MicroCapital Article, May 2, 2013, “MICROCAPITAL BRIEF: Cambodian Microfinance Institution Hattha Kaksekar Launches SmartVista E-Payment Service from BPC,”
https://www.microcapital.org/microcapital-brief-cambodian-microfinance-institution-hattha-kaksekar-launches-smartvista-e-payment-service-from-bpc/

MicroCapital Article, January 9, 2013, “MICROCAPITAL BRIEF: Maruhan Japan Bank Acquires Stake in Microfinance Institutions Sathapana Limited of Cambodia,”
https://www.microcapital.org/microcapital-brief-maruhan-japan-bank-acquires-equity-stake-in-microfinance-institution-sathapana-limited-of-cambodia/

MicroCapital Universe Profile: Sathapana Limited
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Sathapana

MicroCapital Universe Profile: ElectraCard Services
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=ElectraCard+Services

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