Cambodian payment platform CoolCash's parent company has had its license revoked and entered into liquidation proceedings

The payment service provider license of Tianxu International Technology Co., Ltd., the parent company of CoolCash, a Cambodian payment platform, has been revoked and entered into liquidation procedures. The company and its director Pang Weizhi were included in the sanctions list by the UK government in March this year due to alleged connections with the Crown Prince Group. (Source: Cambodia China Times)