What E-Money Payment Solutions PLC does

E-Money Payment Solutions PLC is a Cambodia-based mobile financial services provider operating under the eMoney and iMoney brands. The company runs a multi-channel digital wallet platform accessible via iOS and Android applications, a USSD dial code (*1568#) exclusive to Metfone subscribers, and a nationwide network of more than 8,000 authorized agents equipped with POS terminals. Its service suite spans domestic and cross-border (Cambodia–Vietnam) money transfers, QR payments via the KHQR national standard, utility and microfinance bill payments, mobile airtime top-up for Metfone, Smart, and Cellcard, cash-in/cash-out, and bank-integration services (eSaving, eCard, ACLEDA Bank linking). The platform also extends to corporate clients through a Payroll Service and a bulk Payout Service, serving 127+ companies with claimed 90% time savings on payroll preparation.

Revenue is generated predominantly through transaction-based fees: per-transfer charges on domestic and Vietnam remittances, commissions on cash-in/out at agent locations, bill-payment processing fees, and telecom airtime commissions standardized at 6%-9% for Metfone and 3% for Smart and Cellcard top-ups. Supplementary streams include payroll service fees to corporate clients, idle-account maintenance fees ($0.25/month after 6 months inactivity), and a $1 transaction rollback fee on unclaimed remittances. User engagement is reinforced by gamified promotions—Lucky Ocean (in-app fishing games), Lucky Dragon Jackpot (lottery 6/39), and Lucky Machine (lucky draws)—alongside co-marketing campaigns with ACLEDA Bank, Honda Cambodia, and Apple. Distribution is hybrid: direct digital self-serve (app, USSD) for consumers, an agent/reseller network for cash access, and direct sales for enterprise payroll clients.

Technology integration is concentrated around Cambodia's national payments rails: KHQR interoperability, ACLEDA Bank account linking, and Metfone USSD. The company is incorporated as a PLC in the Kingdom of Cambodia, though no stock exchange listing or public ticker is disclosed, and no funding rounds, parent company, or institutional investors are identified. Contact emails referencing the @viettel.com.vn domain and the close Metfone partnership indicate a strategic relationship with Viettel Cambodia. Recent product launches in 2023 (Payroll Service, multiple lottery/gaming features) and a stated 2025 target of 2-3 million subscribers indicate ongoing user-base expansion, while a 2026 outsourced software development bid suggests planned platform scaling.

Name

E-Money Payment Solutions PLC

Legal name

E-MONEY PAYMENT SOLUTIONS PLC

Website

https://emoney.com.kh

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

E-Money Payment Solutions PLC operates a Cambodia-based mobile wallet platform offering domestic and Vietnam money transfers, bill payments, QR payments, and payroll disbursements via iOS/Android apps, USSD, and an 8,000+ agent network serving mass-market consumers and 127+ corporate clients.

Ownership category

akta.pro rank

Product category

Mobile Financial Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Cash-in/Cash-out Agent Network Wallets (FSAMAEAJ)

akta.pro secondary industries

General-Purpose Digital Wallets (P2P + Merchant) (FSAMAEAA), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Carrier Billing & Telco Mobile Money (FSAMAEAD), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC)

Keywords

• Mobile wallet services
• Digital payments
• Money transfer services
• Bill payment processing
• Agent banking network

Headquarters

HQ city

Phnom Penh

HQ country

Cambodia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Money Transfer Fees: Transaction fees charged for domestic money transfers between eMoney accounts and cross-border transfers to Vietnam. Fees are kept low to promote usage.
2. Cash-in/Cash-out Services: Commission earned from cash deposit and withdrawal transactions at agent locations.
3. Bill Payment Processing: Fees collected for processing utility bill payments (electricity, water), internet bills, and microfinance institution payments.
4. Mobile Airtime Top-up Commission: Commission from telecom operators (Metfone, Smart, Cellcard) for airtime and data top-up transactions through the platform. Agents receive 6%-9% commission for Metfone and 3% for Smart & Cellcard.
5. Payroll Service Fees: Fees charged to corporate clients for salary disbursement services through the eMoney payroll platform, serving 127+ companies.
6. Account Maintenance Fees: Idle account maintenance fee of $0.25/month after 6 months of inactivity, and dormant account management fees after 12 months of no transactions.
7. Transaction Rollback Fees: Fee charged for returning funds from expired transactions (wallet-to-non-wallet or cash-out after 30 days), currently $1 per transaction.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

E-Money operates a mobile wallet platform in Cambodia enabling individuals and businesses to transfer money (domestic and cross-border to Vietnam), pay utility and microfinance bills, top up mobile airtime, and conduct QR payments. The platform is accessible via iOS/Android apps, USSD (*1568# for Metfone), and a network of 8,000+ authorized agents operating POS terminals for cash-in/cash-out. Corporate clients receive payroll disbursement and bulk payout services through a dedicated B2B platform.

Product overview

E-Money Payment Solutions PLC operates a mobile financial services platform in Cambodia centered on the eMoney eWallet, accessible via iOS and Android apps and USSD (*1568# for Metfone). The core offering includes money transfers (domestic and cross-border to Vietnam), QR payments (KHQR standard), bill payments, phone top-ups, cash-in/cash-out, and bank integrations (eSaving, eCard). A nationwide agent network of over 8,000 agents serves customers without smartphones via POS terminals. Corporate additions include Payroll Service (supporting 127+ companies) and Payout Service for bulk disbursements. The eShop sub-brand extends QR payment acceptance at merchant locations. Additional engagement products include Lucky Ocean (gaming), Lucky Dragon Jackpot (lottery), Lucky Machine (promotion), and bus ticket purchase. The platform supports individual and corporate customers and handles transactions in both KHR and USD.

Differentiator

Problem solved

Functional benefit

Brands

• eShop: Electronic payment cooperation between eMoney and shops, restaurants, financial institutions and companies offering QR code payments with discounts across Cambodia.
• Payroll Service
• Payout Service

Products and services

• eMoney eWallet Mobile wallet application enabling individuals to transfer money, make QR payments, pay bills, top up mobile phones, cash in/out, and access banking services. Available on iOS and Android, and via USSD (*1568#) for Metfone subscribers.
• eMoney Agent Network Over 8,000 agent points nationwide enabling cash-in, cash-out, money transfers, bill payments, phone top-ups, and account creation for end customers, operated via POS Terminal Machines and the eMoney Agent App.
• Payroll Service Corporate payroll disbursement service allowing factories and enterprises to pay employee salaries via eMoney wallet. Supports 127+ companies with 90% time savings, 24/7 payroll support, and clear legal reporting.
• Payout Service Bulk payment service for companies to perform massive disbursements such as electricity bills, water bills, and other supplier/partner payments via eMoney's payment infrastructure.
• eShop Merchant QR payment network where eMoney partners with shops, restaurants, and financial institutions to offer electronic payments via QR code scanning with merchant discounts.
• Lucky Ocean Gaming and lottery feature within the eMoney app offering daily chances to win prizes including iPhone 14 Pro Max, with multiple game types available for retention and engagement.
• Lucky Dragon Jackpot Lottery/gaming promotion (Lucky Dragon Lotto 6/39) offering cashback deals (up to 50%), buy-5-get-1, and buy-10-get-2 promotions with over $180,000 in prizes.
• Lucky Machine Promotional lucky draw campaign awarding codes to customers who transact at eMoney agents, with chances to win Honda Dream motorcycles, iPhones, and iPads.
• Cross-Border Transfer to Vietnam Cross-border remittance service enabling money transfers from Cambodia to Vietnam via the eMoney agent network.
• Bus Ticket Purchase Service allowing users to purchase bus tickets via the eMoney app, with promotional cashback offers.

Quantifiable outcome

• 90% saving time preparing cash flow for payroll
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core, secondary and minor.

• MetfonecoreTechnology or IntegrationStrategic partnership with Viettel Cambodia (Metfone) enabling USSD service (*1568#) for Metfone subscribers and preferential commission rates (6%-9%) for airtime top-ups through eMoney platform.
• Smart & CellcardcoreTechnology or IntegrationTelecom operator partnerships enabling mobile airtime top-up services with 3% commission rates for Smart and Cellcard subscribers.
• ACLEDA BankcoreTechnology or IntegrationBank integration partnership allowing eMoney users to link ACLEDA bank accounts, deposit money into eMoney wallet, and participate in joint promotional campaigns including prize draws for iPad and Apple Watch.
• KHQRcoreTechnology or IntegrationNational QR payment standard partnership enabling interoperable QR code payments across Cambodian financial institutions and payment platforms.
• PassAppsecondaryStrategic or Co-development PartnerTransportation partnership for integrated mobility services, part of a three-party collaboration with Metfone.
• Utility Providers (Electricity, Water)coreTechnology or IntegrationBill payment partnerships enabling eMoney users to pay electricity bills (EDC) and water bills with processing services.
• Microfinance InstitutionssecondaryTechnology or IntegrationBill payment partnerships with various MFI institutions allowing loan repayments and financial services through eMoney platform.
• Cambodian Children's FundminorStrategic or Co-development PartnerSocial responsibility partnership announced for community development initiatives.
• Lucky Ocean / Lucky DragonminorGTM or Marketing PartnerGaming and entertainment partnerships for promotional campaigns including fishing games and lottery services with prize incentives.
• Lucky Machine Promotion PartnersminorGTM or Marketing PartnerJoint promotion with Honda Cambodia and Apple for lucky draw prizes including Honda Dream motorcycles and iPhone devices to drive transaction volume.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Sathapana Bank: Major Cambodian commercial bank with growing digital wallet and QR payment services. Comparable as a broad incumbent with overlapping consumer and merchant payment products in the same geography.
• ACLEDA Bank (ACLEDA Pay / Toanchhay): Largest Cambodian commercial bank; eMoney is already integrated with ACLEDA for cash-in and joint promos, but ACLEDA's own digital channels and Toanchhay wallet compete with eMoney on the same user base.
• Metfone (Viettel Cambodia): Largest Cambodian mobile operator and strategic partner/affiliate of eMoney (USSD exclusive channel). Comparable as a telco-driven mobile money enabler and a key dependency for eMoney's distribution.

Direct peers

• Wing Bank (WingPay): Cambodia's largest mobile wallet/neo-bank with deep agent network and bill payment services. Directly comparable as a domestic P2P + merchant + agent-network wallet targeting the same Cambodian consumers.
• ABA Bank (ABAPay): Cambodia's largest bank with a flagship mobile wallet and nationwide agent network. Competes head-on with eMoney on consumer transfers, merchant QR, and bill payments in the same country.
• TrueMoney (Ascend Money): Major Southeast Asian agent-network wallet with Cambodia operations and strong Vietnam cross-border presence. Comparable model to eMoney (agents + wallet + cross-border) and the most direct competitor on the Cambodia–Vietnam corridor.
• Pi Pay: Cambodia-based mobile wallet for payments and transfers with merchant QR acceptance. Closest peer in terms of wallet-only (non-bank) positioning and consumer P2P + merchant focus in Cambodia.

Regional players

• Smart Cambodia (SmartLuy): Second-largest Cambodian telco with its own mobile money service. Comparable as a telco-led wallet competing for the same smartphone/feature-phone segments and offering airtime top-up flows.
• Cellcard (CamGSM): Cambodian telecom operator with mobile money capabilities. Comparable as a telco wallet partner/competitor in Cambodia, integrated with eMoney for top-ups but also a competing consumer-facing payment channel.

Emerging players

• MoMo (Vietnam): Vietnam's leading super-app wallet with bill payment, P2P, and merchant services. Comparable as the natural counterparty on the Cambodia–Vietnam remittance corridor and a benchmark for cross-border monetization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/emoney
• LinkedInlinkedin.com/company/e-money-payment-solutions-plc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about E-Money Payment Solutions PLC