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Wing Bank with its innovative technology providing a suite of banking products and services – The Phnom Penh Post

| Publication date 08 February 2022 | 08:10 ICT
Wing Bank is now a fully fledged commercial bank offering a huge range of financial products and services to improve the lives of every Cambodian.
After 13 years of serving Cambodia, Wing Bank is now a fully fledged commercial bank utilising its large user bases, innovative digital technology, problem-solving products and services, as well as partnering with giant industry leaders in the global market.

Wing Bank has served more than 13 million users in the past year alone through its financial ecosystem. More than 500 corporate companies and 10 government agencies are now using Wing Bank’s payroll and disbursement services, speeding up payments and business operations.
More than 80,000 merchant partners such as restaurants, retail shops, salons, bars, fashion outlets and many others are using Wing Bank for its reliable and secure payment solutions.

Wing Bank after obtaining its commercial licence in 2021 has designed a range of advanced financial products – both for individual and corporate customers.
These include loans, deposits, micro-savings, credit referral services, money transfers, utilities and insurance payments, supply chain payments, payroll services and even phone top-ups. In addition, Wing offers retail payments via “WingPay” and has also introduced the “WingMall” e-commerce platform.
“The digital ecosystem has tremendously changed the consumer landscape, especially during the Covid-19 pandemic. We have worked diligently to ensure that everyone can access a broad range of financial services in a safe, convenient, secure and instant manner,” said Han Peng Kwang, CEO of Wing Bank.
“Providing these greatly needed services to the people will help to relieve their immediate financial burdens quickly and efficiently, and give them a helping hand in recovering their businesses post-pandemic.”
Through its revolutionary Wing Bank App, Wing Bank offers more than 100 digital solutions to solve specific problems for every Cambodian.
Everyone can now apply for a loan digitally, from the comfort of their home, and get their loan disbursed right away to meet their financial needs in a timely fashion when they need it most.
Customers can request loans without waiting in long queues, filling out copious amounts of paperwork or waiting indefinitely for approval, and no collateral is required. Wing Bank has revolutionised the way to issue loans.
“Wing Bank offers the highest value services to everyone. Customers can enjoy exclusive limited-time offers when opening a deposit account, earning up to eight per cent per annum and enjoying low-interest rates when taking out loans – paying interest as low as 7.5 per cent per annum – when requested by visiting our branches,” said Han.
Customers can also enjoy receiving cashback on their Wing Bank merchant transactions in the form of WingPoints and enjoy huge discounts on WingMall when paying through Wing Bank.
Thousands of Cambodians working abroad are using Wing Bank as a means to send money home instantly and cost effectively, saving on large fees that other financial companies charge.
Wing partners with international global payment giants such as Mastercard, Visa, AliPay, Wechat, Western Union, MoneyGram, Ria and Tranglo, which are present in more than 200 countries and territories.
Wing Bank is committed to providing financial, gender and digital inclusion to the unbanked and underbanked, allowing every Cambodian to enjoy convenience and security when it comes to financial services.

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