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Leading Singapore-mainboard listed FinTech and digital banking solutions provider Silverlake Axis Ltd. has announced a new partnership with Chip Mong Group, a Cambodian corporate leader in various sectors including land and property development, hospitality, retail, banking, beverages production, construction materials, and consumer products.

This partnership reaffirms Silverlake Axis’s dedication to expanding its presence in Southeast Asia and marks the next milestone in its growth strategy, particularly in areas beyond banking technology.

Following this agreement, Silverlake’s QR AgoraCloud for digital solution will be deployed across nine General Merchandise Stores and two Express Stores of Chip Mong Retail, pushing the digital ecosystem in Cambodia towards modernisation.

“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 digitalisation in this market,” shared by Andrew Tan, Group Chief Executive Officer of Silverlake Axis. “Collaborating with a key player such as Chip Mong Group is the logical next step, and we look forward to delivering solutions that meet the evolving needs of consumers and businesses.”

Silverlake Axis Expands Through Strategic Collaborations

QR AgoraCloud is rapidly gaining momentum across Southeast Asia. Recognising this potential, Silverlake Axis is pioneering efforts to seize this opportunity while also expanding its business in the region through strategic partnerships with top firms like Chip Mong Group.

“We are pleased to work with Silverlake Axis and implement QR AgoraCloud in our daily business operations. The Group’s steady collaborative streak has proved true pioneering spirits and demonstrated an innovative approach to digital expertise and implementation,” said Mr. Henry Leang, Cluster President of Chip Mong Group. “Their long-standing track record of success assures us that we have the right partner to fulfil our goals.”

Silverlake’s QR AgoraCloud offers a comprehensive digital transformation comprises Merchandising and Material Management, Omnichannel and Supplier Collaboration functionalities, designed to meet the diverse needs of supermarket chain store.

This collaboration builds upon Silverlake’s strategic alliances with leading institutions across Southeast Asia and furthers its mission to enhance access to financial services regionally. Since 2023, the Group has forged multiple new partnerships with leading enterprises across the region, including KMS Solutions in Vietnam, Safeguards Corp in Malaysia, and Bank Mandiri Taspen in Indonesia.

From left to right: Yew Yee Ming Chief Executive Officer at QR Retail Automation; Andrew Tan, Group Chief Executive Officer at Silverlake Axis; Madam Sovanny Te, Cluster President; Henry Leang, Cluster President

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