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"Customers can now receive MoneyGram transfers MoneyGram Customers can now receive MoneyGram transfers at SBI LY HOUR Bank branches and send affordable cross-border payments to over 200 countries and territories”
Phnom Penh, Cambodia – July 2, 2025 – SBI LY HOUR Bank Plc. is pleased to announce a partnership with MoneyGram, a leading global payments network for consumers, businesses and communities. This partnership provides SBI LY HOUR Bank’s customers in Cambodia with a secure, fast, and convenient way to send and receive money to and from loved ones and business partners across the globe. MoneyGram’s services are now available across SBI LY HOUR Bank’s network of 51 branches operating across 25 provinces and cities in Cambodia.
Customers can now benefit from MoneyGram's blazing-fast transfer times, with money often ready for pick-up in minutes*. The service boasts MoneyGram’s global payments network that connects over 200 countries and territories worldwide, with over 480,000 MoneyGram agent locations and five billion digital endpoints around the globe.
“We are committed to making money transfers affordable, offering competitive fees for sending money globally. Customers will be delighted to know that there is absolutely no charge when receiving a MoneyGram transfer at any SBI LY HOUR Bank branch, making it a truly zero-fee experience for recipients. The entire process is designed to be simple and accessible, ensuring that these essential services are available to everyone,” said Mr. Chea Phalarin, CEO of SBI LY HOUR Bank.
“We are proud to welcome SBI LY HOUR Bank into the MoneyGram network and provide its customers with trusted cross-border payments,” said Ahmed Aly, Head of Middle East, Asia Pacific and South Asia at MoneyGram. “This partnership deepens MoneyGram’s presence across Cambodia, further connecting Cambodians with the world by making the movement of money across borders seamless, affordable and reliable for everyone.”
To send money, customers simply need to visit their nearest SBI LY HOUR Bank branch with their original and valid National ID/Passport (for Cambodians) or original and valid Passport (for foreigners). After completing a simple 'send' form and handing it to a teller along with the money and transfer fee, a reference number will be provided to share with the recipient. The money will then be ready for collection by the recipient.
Receiving money is straightforward. Recipients should ask the sender for the MoneyGram reference number to speed up the collection process. They then visit any SBI LY HOUR Bank branch, bring their original and valid National ID/Passport (for Cambodians) or original and valid Passport (for foreigners), complete a simple 'receive' form, and show their identification and provide the reference number to receive their funds with zero fee.
For more information on MoneyGram services, please contact SBI LY HOUR Bank at 023 980 888 or 093 671 111.
About SBI LY HOUR BANK PLC.:
SBI LY HOUR Bank Plc. began operations as LY HOUR Microfinance Institution in 2012 and transitioned into a commercial bank after receiving a banking license from the National Bank of Cambodia on March 23, 2020, with strategic investment from Lok Neak Oknha Ly Hour and the giant Japanese corporation, SBI Holdings, Inc.
Currently, SBI LY HOUR Bank has a network of branches operating across 25 provinces and city in Cambodia, with total assets exceeding US$1 billion, a total of 51 branch locations, over 30 ATMs/CRMs, and partnerships with over 3,000 LY HOUR Pay Pro Agent locations nationwide to facilitate customer convenience. Simultaneously, the bank is expanding its branch network, deploying additional ATMs/CRMs, enhancing domestic and international money transfer services through international money transfer provider like MoneyGram, and further modernizing digital mobile banking to expand the scope of banking operations and provide better financial services to meet customer needs.
For further information
- Ms. Chan Chinda
- Head, International Payment
- [email protected]
- Tel. 016 666 067
