Mobitel money-transfer mess

Photo by: Pha Lina
Cellcard umbrella on Sothearos Boulevard, in front of a WING outlet

via CAAI

Tuesday, 21 September 2010 19:46 Jeremy Mullins

MOBILE-phone provider Mobitel has launched a money-transfer service, but officials say it has yet to apply for central bank oversight.

The Cellcard Cash service is described on Mobitel’s website as a way of storing cash, allowing users to make money transfers across Cambodia, top-up prepaid accounts, and pay certain bills through mobile phones.

In July, the National Bank of Cambodia confirmed that Mobitel would be required to submit to oversight of the scheme, as money transfers are considered banking and fall under NBC regulation.

Yesterday, NBC director general Tal Nay Im said Mobitel had "still not applied” for such oversight, though to her knowledge the service had not yet been put in place.

But when reporters visited Mobitel’s showroom on Phnom Penh’s Sihanouk Boulevard, a saleswoman confirmed that the service had been launched on Monday and was available for use. ...

read the full story in tomorrow’s Phnom Penh Post or see the updated story in online from 3PM UTC/GMT +7 hours. (New York 4AM, Los Angeles 1AM, Chicago 3AM, Paris 10AM, Toronto 4AM, Sydney 6PM, Bejing 4PM, Tokyo 5PM, London 9AM, Johannesburg 10AM, Riyadh 11AM, Mumbai 1:30 PM)