Financial Services Made Easy through Sathapana Bank and Wing’s Partnership
Phnom Penh – June 12, 2018: Sathapana Bank and Wing (Cambodia) Limited Specialised Bank officially launched today new financial services for customers of both banks. Sathapana customers can now access the platform offered by Wing to transfer money and pay their loans.
Also, Sathapana customers have now access to Wing’s mobile banking facility consisting of 12,000 merchant partners, more than 200 corporate billers, international instant money transfer receivers from any of the 50+ countries worldwide, other basic Wing services and more.
Wing Chief Executive Officer, Mr. Jojo Malolos, trusts the partnership will open more opportunities for millions of banked and under banked people, residing in the areas where Wing is present, to access the financial services from Sathapana Bank meant for the expansion of their business, paying mortgage, child education, and other activities.
“We have seen thousands of people whose life have been positively changed through the loan and deposit service from Sathapana Bank. Wing is here is help make their dream even easier through fast, secure, and convenient way of mobile payment and fund transfer,” Mr. Malolos said.
“I am pleased to announce that it is now very easy and smooth to make fund transfer from Wing’s electric Wallet to Sathapana Bank accounts. Sathapana’s loan customers can make loan repayment through Wing’s Wallet by making money transfer to Sathapana’s savings or current account which will be automatically applied for loan repayment,” said Mr. Kato Norihiko, Chief Executive Officer of Sathapana Bank.
“Or the loan customers can also make loan repayment by making Cash-in at Wing’s more than 5,000 Cash Express shops all over the country. Fund transfer (or top-up) from Sathapana account to Wing Wallet will be also become easy and smooth once Sathapana’s mobile banking and new i-banking service start,” Mr. Norihiko said.
The financial services, made available through the partnership, allow Sathapana Bank’s customers to pay their loan or transfer the fund through Wing Account via USSD Code *989#, Wing Money App, and over 5,000 Wing Cash Xpress (WCX) agents nationwide.
For the first three months after the launch of services, the service fee will be waived for customers transferring funds between Sathapana and Wing accounts. This will enable customers to experience the services offered by both banks.
In addition, Sathapana customers can also access other Wing services such as phone top-up, utility bill payment, online payment, money transfer to both Wing and non-Wing account holder through the Wing Mobile Banking App.
ABOUT SATHAPANA BANK
Sathapana Bank is one of the leading commercial banks in Cambodia with total assets of over US$ 1 Billion. The bank has the second-largest branch network in the country with 169 branches and more than 4,000 employees. The bank provides full banking products and services such as loans, deposits, domestic and foreign remittances, guarantees, and export and import settlement, among others. For more information, please visit www.sathapana.com.kh
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 2008, Wing has transformed the way Cambodians send and receive, using a mobile phone for anytime, anywhere convenience.
Wing is committed to providing financial inclusion via mobile banking services to the unbanked and under-banked, with innovative products and services allowing every Cambodian access to financial services such as local money transfer, instant international money transactions, phone top up and bill payment.
Wing’s success was recognised when it was named ‘Best Mobile Payment Solutions Cambodia’ in the prestigious Global Banking & Finance Awards 2017.
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 5,000 Wing Cash Xpress outlets. It has partnerships with more than 12,000 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 the spread of payment ecosystems.