CFA and Wing Signed MoU for WingBiz+ Allowing Convenient Financial Solutions to their Members and Employees.
Phnom Penh, 13th Aug 2019 – Cambodia’s leading mobile banking service provider, Wing (Cambodia) Limited Specialised Bank and Cambodia’s leading manufacturing organization – Cambodia Footwear Association, signed a Memorandum of Understanding (MoU) on Tuesday outlining a new partnership agreement.
Under the agreement, CFA members, staffs and workers will have access to a variety of financial services wherever and whenever. Wing to provide the payroll solution to over 130K factory workers working for CFA. This also makes the entire pay roll process easy and cashless. Hassles like queuing up on the pay day and handling cash have been always time consuming. They can go cashless and pay for their goods and services using Wing Money App or through our 7000 agent network.
Cambodia Footwear Association is an association which is bound together by more than 50 shoes factory as members and other 7 suppliers. The Cambodia Footwear Association wishes to be a highly competent and influential association contributing to a competitive Cambodia’s footwear industry in the global market.
“ as we know that new regulation needs factories need to pay worker two times per month and wing provide services such as paying bil.CF welcome and is looking forward to have more cooperation with Wing to get more useful service for our member. “ said Chairman of Cambodia Footwear Association at the signing ceremony.
“Using Wing’s robust and secure network to withdraw cash, pay for utilities, Wing was an obvious choice for us as we are always looking for ways such as this to use technology to improve our workers life” he added.
“In addition to providing a convenient way to the factory workers to pay monthly utility bills, send and withdraw money, this will also allow CFA to help consolidate all payment services in one, including Payroll services & SME Business solutions .” said Wing Deputy Chief Executive Officer, Mr. Hor Bunthe, at the signing ceremony.
“This partnership aims at enabling Wing & CFA to contribute not just in making financial access easy for the 130k factory workers but allowing the growth of the Footwear industry in Cambodia by helping to enable payment ecosystems which combine user-centered design and innovation. With Wing, financial transaction is either at your fingertips through our mobile payment solution or within your nearby Wing Cash Xpress agents.” Mr. Hor Bunthe added.
Wing (Cambodia) Limited Specialised Bank is Cambodia’s leading mobile banking services provider and one of the few specialised banks in the world. Established in 2009, Wing has transformed the way Cambodians send and receive money, using a mobile phone for anytime, anywhere convenience.
Wing remains at the forefront of the mobile money and electronic payment services market in Cambodia with 100% district coverage via our nationwide network of 7,000 Wing Cash Xpress outlets. It has partnerships with more than 30,000 merchants and global industry leaders including Mastercard and WorldRemit.
Wing also provides funds and payment solutions to the corporate sector via our enterprise services. With Wing, small and medium enterprises (SMEs) and companies can use Wing’s payroll and disbursement services for their employees, helping growth and spread of the payment ecosystems.