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Wing granted commercial bank licence

Share 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.

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

Share 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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