ReNet Japan, fintech startup to move into Cambodia internet banking

BANGKOK, NNA – Recycling firm ReNet Japan Group Inc. will team up with a Japanese fintech startup to provide internet banking services in Cambodia as early as the spring of 2021.ReNet Japan and Soramitsu Holdings AG, a Japanese venture based in Switzerland, will establish a joint operation in Cambodia by April, with ReNet Japan holding an 80 percent stake and Soramitsu the remainder, according to a ReNet Japan statement released on Thursday.Soramitsu is seeking to put into full operation its blockchain technology-based digital payment platform “Bakong” which it developed for the National Bank …

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