# Cathay United Bank Cambodia Strengthens Digital Finance With Launch of CUBC Merchant App

- Link: https://www.thailand-business-news.com/pr-news/cathay-united-bank-cambodia-strengthens-digital-finance-with-launch-of-cubc-merchant-app
- Published: 2026-05-13T15:52:00+07:00
- Author: PR Newswire

Boosting operational efficiency through integrated KHQR payment collection and merchant
management features

PHNOM PENH, Cambodia, May 13, 2026 /PRNewswire/ — With over a decade of experience
in the Cambodian market, Cathay United Bank Cambodia (CUBC) has launched a wide 
range of diversified and innovative financial services to meet local market trends
and business needs. In light of the recent sharp rise in digital payments in Cambodia,
the National Bank of Cambodia (NBC) launched KHQR, a standardized QR code payment
system that has gone on to dominate the local market and become an indispensable
payment collection tool for businesses. Recognizing this trend, CUBC launched the
CUBC Merchant App, a merchant management platform incorporating KHQR features to
assist businesses in optimizing their payment collection and operational efficiency,
making CUBC the first Taiwanese bank to provide such services.

The CUBC Merchant App focuses on integrated management, operational insights, and
payment collection efficiency, enabling businesses to simultaneously manage multiple
branches with ease. In addition to centralizing payment collection, businesses can
control user access to the app. The CUBC Merchant App also includes extensive transaction
records that allow businesses to analyze operational performance and trends. As 
for payment collection features, the app supports the generation of dynamic and 
static KHQR payment codes which, together with real-time transaction notifications,
enable businesses to collect payments with ease and speed.

CUBC General Manager Kevin Yeh noted, "The Cambodian market has long been a key 
focus for Cathay United Bank. The launch of the CUBC Merchant App aims to integrate
digital tools for payment collection and operational analysis, thereby enhancing
operational efficiency and creating new growth opportunities alongside the development
of digital payment systems". Kevin Yeh further stated, "For the future, CUBC will
support small and medium-sized enterprises and businesses through digital financial
innovation and local investment, enabling Cambodia’s digital economy and financial
ecosystem to grow and thrive".

Kevin Yeh remarked that following the 2023 launch of the CUBC mBanking App, which
supported local transfers and KHQR payment services, and the 2025 launch of the 
CUBC Payment Link Portal (CPL), CUBC has continued its efforts to expand application
scenarios for payment collection and cross-border funds. The debut of the CUBC Merchant
App enhances payment collection and operational management services, marking a step
forward in creating a comprehensive digital financial service system. Furthermore,
CUBC recently held a groundbreaking ceremony for its new head office building in
Phnom Penh earlier this March, demonstrating its long-term commitment and confidence
in the local market. As a key hub for CUBC’s future operations, the new head office
is intended to enhance service capacity and support market strategies.

Cathay Financial Holdings has provided financial services to Taiwan for over six
decades and has set its sights on expanding across the Asian market. As of now, 
it operates 969 business locations throughout Asia and provides services to over
15.3 million customers. Cathay United Bank, a subsidiary of Cathay Financial Holdings,
has distinguished itself in the international arena, establishing over 67 business
locations across 11 regions. With branches and representative offices in nine countries,
including Singapore, Vietnam, and Malaysia, the Bank has cemented its position as
one of the leading Taiwanese banks in the ASEAN market. Going forward, CUBC will
remain committed to its principles of prudent management and digital financial innovation.
By combining local operations with international resources, CUBC aspires to help
both customers and businesses grow and thrive, driving the momentum for Cambodia’s
financial market growth.

[⌊The CUBC Merchant App integrates KHQR payment collection and operational management
features, allowing businesses to manage transactions, optimize daily payment collection,
and enhance operational efficiency through a single app, resulting in a new and 
improved digital experience for customers. (Picture provided by Cathay United Bank)⌉⌊
The CUBC Merchant App integrates KHQR payment collection and operational management
features, allowing businesses to manage transactions, optimize daily payment collection,
and enhance operational efficiency through a single app, resulting in a new and 
improved digital experience for customers. (Picture provided by Cathay United Bank
)⌉[
The CUBC Merchant App integrates KHQR payment collection and operational management
features, allowing businesses to manage transactions, optimize daily payment collection,
and enhance operational efficiency through a single app, resulting in a new and 
improved digital experience for customers. (Picture provided by Cathay United Bank)

 

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