Industrial and Commercial Bank of China Limited Phnom Penh Branch (ICBC PP) and UnionPay International (UPI) today announced that ICBC PP has enabled UnionPay Chip card and Contactless card payment for UnionPay Cardholders on Phnom Penh Sihanoukville (PPSHV) Expressway. UnionPay is the only payment brand that has enabled Chip card and Contactless card payment on PPSHV Expressway.

UnionPay Cardholders can now make fast, instant, secure and Contactless payment by simply tapping or inserting their UnionPay card to pay as compared to the hassle of using cash to make toll payment on this Expressway.

Under the Belt and Road Initiative (BRI), the PPSHV Expressway strengthens the bilateral relationship between China and Cambodia, and is the largest transportation infrastructure in Cambodia, stretching 187 kilometers between Phnom Penh and City of Sihanoukville. Some benefits of PPSHV Expressway include savings on transport cost between both cities, over 50% reduction in traveling duration from up to five hours on National Road Four to just two hours on PPSHV, making logistics more efficient and decrease in traffic accidents. Drivers have reported positive driving experience on this highway, with the Cambodian government planning for a second highway between Phnom Penh and Bavet under the BRI.

“We are pleased to work with our long trusted partner ICBC PP to enable Contactless payment for drivers to pay toll charges easily at the expressway. UPI actively participates in building the payment infrastructure in Cambodia to foster a cashless society, and we are happy to help enhance the transportation infrastructure by providing a superior payment experience for drivers on the PPSHV Expressway,” said Ms. Leang Chenda, Cambodia Country General Manager, UnionPay International South East Asia.

Said Mr. Lin Shiqiang, General Manager, ICBC PP, “We are very pleased to be able to collaborate with UPI to participate in this strategic BRI project to improve transportation and logistics efficiency in Cambodia. Enabling electronic and cashless payment on the PPSHV Expressway is in line with our aim to better serve our customers in the kingdom by providing more relevant products and services.”

To promote the usage of UnionPay Contactless payment on PPSHV Expressway, UnionPay Cardholders enjoy 10% discount when making Contactless payment at PPSHV Expressway toll booths. The discount is capped at USD5 per UnionPay card per day, limited to Contactless transaction only, valid till April 30 2023, or while stock lasts.