June 30, 2023
Sathapana Bank Plc.
NETSTARS Co., Ltd.
NETSTARS’ “StarPay” Adopted by Cambodia’s Sathapana Bank
as Overseas QR Code Payment Service Payment by “WeChat Pay” Available from June 30
NETSTARS Co., Ltd. (Headquarters: Chuo-ku, Tokyo; Representative Director and President: Tsuyoshi Ri; hereinafter, “NETSTARS”) will commence provision of StarPay, NETSTARS’ multi-cashless payment gateway, to Cambodia’s Sathapana Bank (Headquarters:, Phnom Penh, Cambodia, CEO：FUNG Kai Jin). Through the StarPay gateway, payment by China’s “WeChat Pay” QR code payment service will be available for use in Cambodia, starting from June 30, 2023 (Fri).
Sathapana Bank Plc., a leading commercial bank in Cambodia, was established in 2016 as a result of the merger of two financial institutions namely Maruhan Japan Bank Plc., the first Japanese-owned commercial bank in Cambodia established since 2008 and Sathapana Limited, a microfinance institution, established since 1995.
Cambodia is currently focusing its efforts on attracting Chinese tourists, with a stated target of 1 million visitors this year. To encourage tourism, the government is permitting the use of the Chinese yuan as payment for tourism-related services within Cambodia, while also promoting the introduction of cashless payment. Sathapana Bank has adopted “StarPay” in order for Chinese tourists to use their own country’s QR code payment service when making payments in Cambodia.
NETSTARS’ “StarPay” is a multi-cashless payment solution gateway for various Japanese and international QR code payments and other cashless payment services. At present, StarPay supports payment at 340,000 locations within Japan for 15,000 companies. Utilizing knowledge cultivated in the domestic market, NETSTARS is now expanding provision of the StarPay gateway to overseas financial institutions, as part of its “StarPay-Global” project. By enabling inbound foreign visitors to use familiar payment services during their stays in various countries, the project aims to offer enhanced convenience to both tourists and stores.
NETSTARS will continue to promote the cashless revolution both in Japan and overseas, and strive to achieve borderless payment solutions.
*QR Code is a registered trademark of DENSO WAVE Incorporated.
■About Sathapana Bank
Sathapana Bank is a leading Cambodian commercial bank with total assets of over 2.7 billion USD and more than 4,400 employees. The bank has an extensive branch network encompassing over 170 branches nationwide, in addition to three Sathapana Premium Banking Halls, and more than 300 ATMs. Various banking services are provided, including loans, savings, mobile banking, debit cards, credit cards, domestic and international remittance, cross-border funds transfers via SWIFT, Visa B2B Connect, etc., the international remittance service Western Union, trade finance, and other financial services. In addition, the bank also handles tax collecting services and public service payments for the Cambodian Ministry of Public Works and Transport and the Ministry of Labour and Vocational Training. In collaboration with mobile payment providers such as WING, Pi Pay, TrueMoney, Ly Hour Veluy, eMoney, and Bakong, the bank strives to further improve convenience for its customers.
Official Website
■About NETSTARS
Established in 2009, NETSTARS has progressively expanded its payment gateway business. In 2015, it was the first agent to introduce China’s QR code payment service “WeChatPay” to Japan. Since then, NETSTARS has expanded StarPay, a payment solution service that provides stores with integrated implementation and management of various Japanese and international QR code payments and other cashless payment services. At present, using StarPay’s technological capabilities as a foundation, NETSTARS is working on further development of diversified services.
Official Website