Wing and ABA Bank Launch Fund Transfers and Cash Deposit Service
Phnom Penh, 28 January 2020. Wing (Cambodia) Limited Specialised Bank, Cambodia’s leading mobile banking service provider, and ABA Bank, the country’s leading commercial bank in digital finances, have officially partnered to offer a convenient and secure mode of transferring money in Cambodia.
Under this partnership, the customers of Wing and ABA will be able to transfer their funds from Wing account to ABA account and vice versa. The money transfers between entities are carried out in several taps and can be found under Transfers section of ABA Mobile app and Wing Money app.
Additionally, the partnership allows ABA customers to repay their loans at the nearest Wing Cash Xpress Agent without having to visit an ABA branch. The process of loan repayment is fast and simple – customers can either transfer money directly through over 7,300 Wing agents nationwide or send funds from Wing account to ABA account in Wing Money app or using USSD Code *989#.
“It’s our commitment to ensure that Cambodians enjoy a wealth of convenience and security when it comes to mobile financial services. We are very delighted that through this partnership today we can serve the diverse money transfer and deposit needs of our customers in the rural provinces and help to reduce their time at the bank,” said Manu Rajan, Chief Executive Officer of Wing. “Also, this is another example of how we never stop working to provide the people of Cambodia with more convenience and drive digital, gender and financial inclusion in the Kingdom of Cambodia.”
“We are delighted to officially launch our partnership with Wing on loan repayment and money transfer services. Our customers can now replenish their ABA accounts even easier, as well as transfer funds between Wing app and ABA Mobile app with attractive fees and use it for purchases or to support their relatives,” commented Askhat Azhikhanov, Chief Executive Officer of ABA Bank. “Modern digital financial services ABA provides have huge transformative potential, and I am sure our collaboration with Wing we are announcing today will accelerate the country’s transition to the cashless society.”
Wing and ABA are well known for its dedication to the development of Cambodian financial market. Wing has always used innovative products as tools to boost financial inclusion in the country by bringing the unbanked and underbanked on board. ABA is widely recognized both locally and internationally as the frontrunner of Cambodian banking sector thanks to its digital transformation, deep focus on technologies, and convenient mobile banking.
For additional information on services provided by Wing and ABA, please contact Wing call center
023 999 989 or ABA Contact Center at 023 225 333.
About Wing (Cambodia) Limited Specialised Bank
Wing (Cambodia) Limited Specialised Bank is Cambodia’s leading mobile banking services provider and one of the few specialized 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 7,300 Wing Cash Xpress outlets. It has partnerships with more than 40,000 merchants and global industry leaders including Mastercard, Visa, MoneyGram, AliPay, WeChat Pay and Western Union.
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.
For more information, please visit www.wingmoney.com.
About ABA Bank
ABA Bank (www.ababank.com) is Cambodia’s leading private financial institution founded in 1996 as the Advanced Bank of Asia Limited. ABA is now one of the Top 3 commercial banks in the country, offering the entire spectrum of services to customer segments covering SMEs, micro businesses, and individuals.
As of 31 December 2019, ABA Bank manages the total assets of US$ 4.42 billion and serves more than 730,000 customers through the extensive network of 77 branches, 550+ self-banking spots, and advanced online banking and mobile banking platforms.
The major shareholder of ABA Bank is National Bank of Canada (www.nbc.ca), the sixth largest bank in Canada and the leading bank in Quebec where it is the partner of choice among SMEs.
The Bank’s leading position in digital and mobile banking and strong growth across its businesses won it a credit rating upgrade in 2019 from S&P Global Ratings from ‘B’ to ‘B+’ with “Stable” outlook. The first credit rating was assigned to ABA in 2017.