Ongo digital payments increases CP Group’s efficiency by 40% during pilot period
A new long-term contract between Ongo digital payment services and CP Group will continue to solve issues around cash collection, by improving security, reducing fraud and saving time so that more food sales can be made in less time.
YANGON, Myanmar – 13 December 2019 – Ongo, the market leading business-to-business (B2B) digital payment service in Myanmar, is proud to announce the expansion of their partnership with CP Group, one of the leading companies of Agro Industries and Food Business in Myanmar, by bringing cash digitization to hundreds of vendors in Yangon and Mandalay. After a very successful nine-month pilot period, which drastically improved CP’s cash handling concerns such as cash collection, finance settlement and logistic settlements by 40%, the two companies are excited to expand their operations and continue to make strides in cash digitization.
Ongo’s e-money services solve many problems that vendors like CP face on a regular basis. By converting real cash into digital currency through Ongo, CP’s hard-working delivery staff save time on each payment as well as ensure security by removing the chance to fraudulent bank notes to change hands as well as removes the cash settlement process entirely.
“Collecting cash payments from our customers can be a lengthy and inconvenient process,” said CP Myanmar CFO Mr. Phongtron Kavanna. “However, this pilot program with Ongo has proven to be beneficial not only to our customers but to our delivery staff and finance team as well. We are excited to roll-out these services to our customers throughout the Yangon and Mandalay regions.”
“We are always working to find the best solutions for our partners, helping them enhance and improve their operations is our goal,” explains Ongo CEO, Allen Gilstrap. “Ongo service with the CP Group exemplifies how beneficial a digitized cash collection service can be, especially for a food business as prominent as CP Group’s. With their financial data safely and securely stored automatically through via Ongo’s services, they are able to retrieve data quickly, saving their team time while ensuring quality processes in the future”.
For more information on the Ongo/CP digitized payment system partnership or Ongo’s other innovative digital payment services, please visit the company’s official website at ongo.com.mm or Facebook account at facebook.com/ongomobilemoney, e-mail mailto:email@example.com or call 09-450888996-7, 09-444450816-8.
Ongo is the brand name for Ronoc Myanmar Limited and is the leading B2B digital payment service provider in Myanmar. Ongo operates in 74 Myanmar cities with over 1,900 Ongo agent employees providing digital payment services to over 140 corporate clients, 26,000 merchants, and 850,000 consumer users.
With its licensing partner Myanmar Oriental Bank (MOB), Ongo App Users can use their smartphone to Cash-in (convert their cash into e-money) and Cash-out at hundreds of Cash Agent locations across Myanmar. Ongo services include; mobile airtime top-up, P2P money transfer, B2B payments, bill payments, digital payroll services, and online shopping payments. In addition, Ongo Users receive rewards in their Ongo App from leading Myanmar retailers and online merchants. Our goal is to promote financial inclusion in a safe, simple and convenient fashion.
About CP Group
Myanmar C.P. Livestock Co., Ltd is one of the leading companies of Agro Industries and Food Business in Myanmar since 1997. We are under the Thailand based Charoen Pokphand Group (CP Group), the largest business conglomerate. Over a decade with sustainable growth in Myanmar, we are expanding the business more rapidly in food production channel with high quality products dedication to “Safe Food Good Taste.”
For more information, please contact:
09 447 420 993 firstname.lastname@example.org