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Inpay and CPBank to offer international money transfer services to Cambodians worldwide
Inpay , one of Europe ’ s fastest growing FinTech companies , and Cambodia Post Bank ( CPBank ), one of Cambodia ' s leading commercial banks , have entered into a partnership to introduce international money transfer services in Cambodia . largest post banks access to global remittances from overseas diaspora through Inpay ’ s Eurogiro network , we make it easier , more affordable and faster than ever before for Cambodians to receive cash transfers from friends and family abroad .”
Through the partnership , CPBank ’ s customers in Cambodia and abroad will benefit from the convenience and extensive network of the postal services that Inpay ’ s Eurogiro network provides . Eurogiro is an Inpay-owned postal network comprised of 70,000 post office locations worldwide , allowing instant , seamless and hassle-free international cash remittances .
Toch Choacheck , CEO of CPBank , said : “ Cambodia has a lot of migrant workers who need to send money back home to support their families . With this new service , CPBank will not only provide a wider option for remittances in the country , but also contribute to improve overall economic activity in Cambodia .”
With the new partnership , Cambodians abroad can instantly and affordably send money to their friends and family in Cambodia through CPBank ' s 60 + nationwide branches . It is the first time such cross-border cash remittance services have been made available to Cambodians , providing a much-needed lifeline between Cambodians abroad and their loved ones at home .
CEO of Inpay , Thomas Jul , said : “ We are excited to announce our partnership with Cambodia Post Bank , which marks a significant step towards enabling international and easy-to-access financial infrastructure in the region . By granting one of the country ’ s
Connectivity challenges in new regions and markets top world IT leaders ’ growth concerns
Nearly half ( 46 %) of world IT leaders said they are planning to deliver global growth in the next 12 months by expanding into new markets and that establishing and managing global connectivity ( 47 %) is the single most critical factor in ensuring success when it comes to that global expansion . This is according to Expereo ’ s research of more than 650 CIOs in global enterprises with over US $ 500 million annual revenues across Europe , US and APAC .
When asked specifically about the biggest concern to delivering global growth in new regions , connectivity came out on top .
Thirty-seven percent of CIOs said that effectively establishing connectivity in new regions is one of the major challenges in their role , 37 % a major challenge for their organisation and 35 % that their organisations ’ business ambitions are constrained by legacy connectivity . The findings revealed that 42 % of boards view global connectivity as a business asset that is critical to growth .
Other challenges to global growth included skills and resource retention ( 35 %), complicated physical and geopolitical infrastructure ( 33 %), regulation and compliance ( 32 %) and legacy systems and local knowledge ( both 31 %).
When asked about where their organisation saw the biggest opportunity for growth , North America ( 37 %) led the way , followed by Western Europe ( 32 %), Eastern Europe ( 26 %), Northern Europe ( 25 %) and South America ( 25 %).
Jean-Philippe Avelange , CIO for Expereo , said : “ Evidently , connectivity is key to managing global offices and keeping them operational , keeping staff members and customers connected and engaged and ensuring the smooth roll-out of cloud and SaaS strategies , as well as hybrid , remote and flexible working practices .” x
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