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Wing granted commercial bank licence


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Wing granted commercial bank licence
Mon, 19 April 2021
The National Bank of Cambodia grants licence to Wing to operate a commercial bank through its extensive digital financial ecosystem.
Wing (Cambodia) Limited Specialised Bank, the Kingdom’s leading mobile financial service provider, was awarded a commercial banking licence by the National Bank of Cambodia, which allows Wing to operate a commercial bank under the name Wing Bank (Cambodia) Plc.
“This marks another milestone towards our vision of providing financial access to every Cambodian and to aid economic growth. With our innovative technology and extensive knowledge of the local market, Wing, our agents and partners are primed to combine efforts to bridge the gap by providing financial tools to the underbanked population,” said Wing’s chairman Neak Oknha Kith Meng. ....

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Wing Waives Off Fees for Wing-to-Wing Money Transfer


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Wing Waives Off Fees for Wing-to-Wing Money Transfer
Mon, 12 April 2021
Customers can now transfer up to USD 20,000 per day using the Wing Money App.
In a progressive move, Wing (Cambodia) Limited Specialised Bank has waived off money transfer fees for all Wing to Wing transactions using the Wing App and increased the daily money transfer limits to USD 20,000. This will make it easier for all Cambodians to send money to their families, and will reduce travel during the Covid-19 pandemic.
“The Covid-19 pandemic is affecting both the health and economic status of our communities,” said Mr. Manu Rajan, CEO of Wing. “Many people need financial support from friends and families to sustain their businesses. Free Wing to Wing transfers up to USD 20,000 daily will allow customers to help each other, on time, and without extra fees, thereby aiding a faster post-pandemic recovery.” ....

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Wing and Ria Money Transfer team up to advance cross-border fund transfers


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Wing and Ria Money Transfer team up to advance cross-border fund transfers
Sun, 24 January 2021
Now, Ria Money Transfer customers overseas can send funds to Cambodia with Wing
Wing (Cambodia) Limited Specialised Bank, the nation’s leading mobile banking services provider, is expanding inbound transactions to the Kingdom through a partnership with Ria Money Transfer, a global leader in the cross-border money transfer industry and subsidiary of Euronet Worldwide, Inc.
Customers can now use Ria services to send money from foreign countries into Cambodia, where recipients can cash out through any Wing Cash Xpress Agent branded with the Ria logo. There’s no fee charged at the receiver end, making the process easy and accessible to all. ....

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