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ATM machine in Cambodia



 
 
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  #1  
Old February 21st, 2004, 03:00 AM
Chris Blunt
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Posts: n/a
Default ATM machine in Cambodia

On 20 Feb 2004 09:48:56 -0800, (George Moore)
wrote:

Canadia Bank in Phnom Penh now has a web site about their ATM machine.
It is the only ATM machine in Cambodia so far. See details on

http://www.canadiabank.com/english/atm.htm

That ATM has been there for about 4 years now. Does it accept foreign
cards yet?

  #2  
Old February 21st, 2004, 02:34 PM
Horvath
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Posts: n/a
Default ATM machine in Cambodia

On Sat, 21 Feb 2004 10:00:30 +0800, Chris Blunt
wrote this crap:

On 20 Feb 2004 09:48:56 -0800, (George Moore)
wrote:

Canadia Bank in Phnom Penh now has a web site about their ATM machine.
It is the only ATM machine in Cambodia so far. See details on

http://www.canadiabank.com/english/atm.htm

That ATM has been there for about 4 years now. Does it accept foreign
cards yet?


What do you mean? It doesn't accept Vietnamese cards? Japanese
cards?




This signature is now the ultimate power in the universe
  #3  
Old February 21st, 2004, 08:11 PM
Markku Grönroos
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Posts: n/a
Default ATM machine in Cambodia


"Horvath" wrote in message
...
On Sat, 21 Feb 2004 10:00:30 +0800, Chris Blunt
wrote this crap:

On 20 Feb 2004 09:48:56 -0800, (George Moore)
wrote:

Canadia Bank in Phnom Penh now has a web site about their ATM machine.
It is the only ATM machine in Cambodia so far. See details on

http://www.canadiabank.com/english/atm.htm

That ATM has been there for about 4 years now. Does it accept foreign
cards yet?


What do you mean? It doesn't accept Vietnamese cards? Japanese
cards?

Is it Cirrus or Plus compliant?


  #4  
Old February 22nd, 2004, 12:05 AM
George Moore
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Posts: n/a
Default ATM machine in Cambodia

"Markku Grönroos" wrote in message ...
"Horvath" wrote in message
...
On Sat, 21 Feb 2004 10:00:30 +0800, Chris Blunt
wrote this crap:

On 20 Feb 2004 09:48:56 -0800, (George Moore)
wrote:

Canadia Bank in Phnom Penh now has a web site about their ATM machine.
It is the only ATM machine in Cambodia so far. See details on

http://www.canadiabank.com/english/atm.htm

That ATM has been there for about 4 years now. Does it accept foreign
cards yet?


What do you mean? It doesn't accept Vietnamese cards? Japanese
cards?

Is it Cirrus or Plus compliant?


Neither... Below is the Phnom Penh Post article from four years ago
that announced the opening of this machine. To this day, it seems that
this machine is not connected to banks overseas. The reason for it is
explained below. The guys at the Ministry of Posts want too much
money!
---------------------------

Phnom Penh's lonely only ATM

By Phelim Kyne

ON May 2 Au Siek Kheang flicked a switch that brought Cambodia's first
Automatic Teller Machine (ATM) on-line and officially initiated
Cambodia into the age of electronic banking.

Two months later, Kheang, the Assistant Manager of the Pochentong
Boulevard branch of Canadia Bank in Phnom Penh wonders if it was worth
the effort.

"The ATM is used only three or four times a day and only during
business hours," he said.

The major disincentive to public interest in the Canadia ATM is
apparently the fact that it's not linked to international ATM networks
such as Plus System and Interact which allow electronic transfers from
foreign bank accounts.

Instead, the ATM offers withdrawals of a daily maximum of $400 or one
million riel to Canadia customers only.

Kheang blames the lack of international network access for the Canadia
ATM on the high fees charged by the Ministry of Posts and
Telecommunications to lease phone lines necessary for such a system.

"It would cost us $10,000 a month to lease the phone lines, without
counting the increased number of staff salaries that would be
necessary to maintain the system," he said. "It would be impossible to
make the system pay for itself."

Not necessarily, according to Koy Kim Sea, Undersecretary of State for
the Ministry of Posts and Telecommunication.

"[The price] depends on how they want to do it, there could be other,
cheaper ways," Sea said.

While Kheang counts the number of Canadia ATM card holders as "more
than 600", he notes that the vast majority of those clients hold cards
inherited from the bank's Smart Card program, a debit card system used
mainly by "Chinese businessmen and a few Europeans" that also suffered
from a lack of public enthusiasm.

"Since the ATM began operation in May, we've opened 30 [ATM]
accounts," Kheang said.

The cool reception of the Cambodian public to the new ATM is described
by Kheang as symptomatic of a widespread distrust of banks in general.

"There are still lots of people who prefer to keep their money at
home, who don't dare put money in banks," Kheang explained. "Also
unlike in the West, Cambodians' salaries are not paid through [bank]
accounts, so people don't so much see the need for banks."

Interest in and development of electronic banking in Cambodia compared
to neighboring SE Asian countries such as Vietnam is also hampered by
the lingering effects of the KR.

"In Vietnam, even after thirty or forty years of war, nobody killed
the intelligentsia ... only in Cambodia was that done," Kheang said.
"The people who had the knowledge and skill level necessary for
electronic banking all disappeared [during the Khmer Rouge era]."

Until public interest in Canadia's $60,000 French-built ATM picks up,
Kheang says that the ATM's status remains "experimental", and prospect
of additional ATMs popping up at Canadia outlets around Cambodia
"won't occur very soon".

Phnom Penh Post, Issue 9/15, July 21 - August 3, 2000
© Michael Hayes, 2000. All rights revert to authors and artists on
publication.
For permission to publish any part of this publication, contact
Michael Hayes, Editor-in-Chief
http://www.phnompenhpost.com - Any comments on the website to
Webmaster
  #5  
Old February 22nd, 2004, 09:35 AM
Chris Blunt
external usenet poster
 
Posts: n/a
Default ATM machine in Cambodia

On Sat, 21 Feb 2004 08:34:58 -0500, Horvath
wrote:

On Sat, 21 Feb 2004 10:00:30 +0800, Chris Blunt
wrote this crap:

On 20 Feb 2004 09:48:56 -0800, (George Moore)
wrote:

Canadia Bank in Phnom Penh now has a web site about their ATM machine.
It is the only ATM machine in Cambodia so far. See details on

http://www.canadiabank.com/english/atm.htm

That ATM has been there for about 4 years now. Does it accept foreign
cards yet?


What do you mean? It doesn't accept Vietnamese cards? Japanese
cards?


Well what do you think such a question could mean? "Foreign", in this
context, means non-Cambodian. The last time I checked it only accepted
locally issued Canadia Bank cards.

  #7  
Old February 22nd, 2004, 07:43 PM
Miguel Cruz
external usenet poster
 
Posts: n/a
Default ATM machine in Cambodia

EAC wrote:
As for the Ministry of Posts. Well... It cost a LOT of money to
maintain communication networks ($10.000 per month seems to be quite
cheap), you want them to do charity work? And it should be noted that
until recently, the ATMs in Japan don't have much of interconnectivity
with outside networks too.


All they need is a telephone line, or at most a 64K data line. If that cost
$10000 (didn't the article say $100000?) then you'd expect all of the
world's phone companies would have long ago gone bankrupt. Costs me $20 here
from a profitable company.

miguel
--
Hundreds of travel photos from around the world: http://travel.u.nu/
 




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