Silverlake Axis Ltd. a prominent fintech and digital banking solutions provider listed on the Singapore Exchange, has announced a strategic partnership with Chip Mong Group, a leading Cambodian conglomerate with diverse interests spanning retail, banking, hospitality, and more.
The collaboration marks Silverlake Axis’ entry into Cambodia, aimed at bolstering its presence across Southeast Asia beyond traditional banking technology. Under the agreement, Silverlake Axis will deploy its QR AgoraCloud digital solution across 9 General Merchandise Stores and 2 Express Stores of Chip Mong Retail. This initiative seeks to streamline operations, enhance efficiency through automation, and elevate the digital ecosystem in Cambodia.
Andrew Tan, Group Chief Executive Officer of Silverlake Axis, expressed optimism about the partnership, stating, “Our goal to become the leading fintech solutions provider in Southeast Asia remains unchanged, and our entry into Cambodia marks our next significant milestone. We see vast potential for digitalization in this market.”
QR AgoraCloud, known for its comprehensive digital transformation capabilities encompassing Merchandising and Material Management, Omnichannel, and Supplier Collaboration functionalities, is set to play a pivotal role in modernizing Chip Mong Group’s retail operations.
Henry Leang, Cluster President of Chip Mong Group, emphasized the strategic importance of the partnership, noting, “Silverlake Axis’ innovative approach and track record of success make them the ideal partner for us as we enhance our digital capabilities. This collaboration underscores our commitment to delivering superior service and operational excellence.”
The expansion into Cambodia builds on Silverlake Axis’ momentum in Southeast Asia, following recent partnerships with key enterprises in Vietnam, Malaysia, and Indonesia since 2023. These initiatives underscore the company’s commitment to enhancing access to financial services and driving digital transformation regionally.
