Singapore-listed fintech and digital banking solutions provider Silverlake Axis Ltd. (SAL) has ventured into Cambodia through strategic partnership with Chip Mong Group, a Cambodian conglomerate.

SAL said in a statement on Tuesday that it has inked a a new partnership with Chip Mong.

This partnership reaffirms SAL’s dedication to expanding its presence in Southeast Asia and marks the next milestone in its growth strategy, particularly in areas beyond banking technology.

Following this agreement, SAL’s QR AgoraCloud for digital solution will be deployed across nine General Merchandise Stores and two Express Stores of Chip Mong Retail, pushing the digital ecosystem in Cambodia towards modernization.

“Our goal to become the leading fintech solutions provider in Southeast Asia remains unchanged, and our entry into Cambodia marks our next significant milestone,

“We see vast potential for digitalization in this market,” said Andrew Tan, Chief Executive Officer of SAL.

“Collaborating with a key player such as Chip Mong Group is the logical next step, and we look forward to delivering solutions that meet the evolving needs of consumers and
businesses,” he added.

It is noted that QR AgoraCloud is rapidly gaining momentum across Southeast Asia.

Recognizing this potential, SAL is pioneering efforts to seize this opportunity while also expanding its business in the region through strategic partnerships with top firms like Chip Mong Group.

“We are pleased to work with Silverlake Axis and implement QR AgoraCloud in our daily business operations,

“The group’s steady collaborative streak has proved true pioneering spirits and demonstrated an innovative approach to digital expertise and implementation,” saidHenry Leang, Cluster President of Chip Mong Group.

“Their long-standing track record of success assures us that we have the right partner to fulfil our goals,” he added.

It is noted that SAL’s QR AgoraCloud offers a comprehensive digital transformation comprises merchandising and material management, omnichannel and supplier collaboration functionalities, designed to meet the diverse needs of supermarket chain store.

This collaboration builds upon SAL’s strategic alliances with leading institutions across Southeast Asia and furthers its mission to enhance access to financial services regionally.

Since 2023, the group has forged multiple new partnerships with leading enterprises across the region, including KMS Solutions in Vietnam, Safeguards Corp in Malaysia, and Bank Mandiri Taspen in Indonesia.

SAL is a leading enterprise technology, software and services company focused on financial services and serves 40 percent of the top 20 largest banks in South East Asia.

Founded in 1989, the group has more than 380 enterprise customers in over 80 countries across Asia, Europe, the Middle East, Africa and the Americas.

Under Axis Systems Holdings Limited, SAL was listed on the SGX-SESDAQ on 12 March 2003.

The firm was renamed Silverlake Axis in 2006 and the listing was transferred to the mainboard of the Singapore Exchange on 22 June 2011.

Chip Mong is a Cambodian corporate firm involved in various sectors including land and property development, hospitality, retail, banking, beverages production, construction materials, and consumer products.

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