eNett Choose Cambodia as First Country to benefit from ‘Repay the eNett way’
June 2, 2016
Singapore, 1 June: eNett International, a leading provider of dedicated B2B payment solutions, has announced Cambodia as its first country to launch its ‘Repay the eNett Way’ initiative.
Tourism is an important part of Cambodia’s economic growth, with contribution to GDP forecasted to rise 6.3% pa from 2015-20251. 2015 saw tourist arrivals increase 6% year-on-year to 4.8 million, and by 2025 tourism is predicted to directly support 16.7% of total employment1. Yet following decades of civil war, Cambodia remains one of the poorest countries in Asia, and benefiting from tourism is out of reach for many of the Phnom Penh residents.
In order to address this, eNett will make a difference to the poorer individuals and displaced communities there through a series of grassroots initiatives, facilitated by local non-government organisations. This includes sponsoring a disadvantaged resident to become a qualified tour guide, providing a young student the opportunity to learn English at a world leading international school and identifying and supporting sustainable business and income generation ventures. In early 2017, eNett will take staff volunteers from its global offices out to Phnom Penh to learn more about the culture and take a hands-on approach to giving back to the community there.
eNett CEO and Managing Director, Anthony Hynes, said, “Repay the eNett Way is about drawing industry attention to the issues faced by displaced communities, and making a difference to their way of life. Cambodia, with its high travel industry growth but widespread poverty, allows us to achieve those objectives. We look forward to working with our partners and customers in making a real impact in the region, and we welcome others in the industry to join us in giving something back.”
eNett’s employees will also be holding various fundraising events to further support the initiative throughout the year. The first event carried out by the global offices saw employees set up a sweet station, generating income through the sale of bags of sweets on International Children’s Day. All proceeds will be added to eNett’s Cambodia fundraising pot. Photos of the event can be found here
and to find out more about the ‘Repay the eNett Way’ programme click here
1. WTTC, Travel and Tourism Economic Impact Cambodia 2015
About eNett International
eNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.
We pioneer innovative B2B payment solutions that reduce risk and facilitate even more travel content, at a lower cost. Easily integrated into existing travel booking workflows, our payment solutions deliver financial, data and efficiency rewards for travel agents and industry suppliers.
Our secure Virtual Account Numbers (VANs) enable travel agencies of all sizes to automatically generate a unique MasterCard number and pay their suppliers from directly within their booking flow. And our exclusive, long-term partnership with MasterCard provides access to the world’s fastest payments processing network and 35.9 million payment locations worldwide, wherever a supplier accepts MasterCard online.
We are majority owned by Travelport, which is listed on the New York Stock Exchange, and our VANs are seamlessly integrated into its Travel Commerce Platform.
Further strengthened by our global banking services partner and shareholder Optal, eNett is building a reputation for trusted and practical B2B payment solutions for the travel industry and beyond.