Wing and Chief Bank partner to grant Cambodians convenient digital loan payment option

January 27, 2021

Chief Bank clients can now repay their loan through Wing’s financial ecosystem.

Wing (Cambodia) Limited Specialised Bank, Cambodia’s leading mobile banking service provider, and Chief (Cambodia) Commercial Bank Plc, founded by Mr. Chau Chung Kai Peter, the respectful chairman and successful entrepreneur in Hong Kong where Chief Group, a well-known financial group established over 41 years ago with extensive financial business​ announced a new partnership that will enable clients to repay loans through Wing agents or the Wing Money App.

The partnership grants Chief Bank clients the freedom to repay loans by simply visiting a nearby Wing agent, even in some of the most remote regions of the Kingdom, simply, conveniently and securely. Users will also have the option to make payments via the innovative Wing Money App with just a few taps on their smartphones. Customers of Chief Bank can also transfer funds with ease through Bankong to Wing’s financial ecosystem.

“I am delighted to join Chief Bank in our mission to provide our clients with convenient solutions,” said Manu Rajan, CEO of Wing. “This marks a pivotal milestone that reflects our commitment to refining digital financial services to raise the living standards in our community.”

Wing, a specialized bank in payment, has diligently worked over its 12-year history to realise the goal of providing every Cambodian with convenient access to relevant mobile financial services that are safe, instant and designed to improve people’s daily lives.

Wing’s commitment to empowering Cambodians with financial inclusion has led them to foster a strong network of Wing Agents and the development of the Wing Money App.

A key point in the Wing-Chief Bank partnership is the shared vision of deploying their financial capacity to raise the living standard of Cambodians across the Kingdom.

“This partnership reflects Chief Bank’s commitment to refine our products to meet the financial needs of our growing client base so that they can focus on their business growth,” said Dr. Soeung Morarith, Chief Bank Cambodia CEO. “Chief Bank customers will have an exciting new option which allows them to pay their loans without having to visit our brick-and-mortar banks.”

Chief Bank Cambodia has seen continued growth in the Kingdom since beginning operations in December 2013 with initial capital of just $10 million, while total assets were at more than $143 millions as of January 19, 2021 and total staff members over 140, and Dr. Morarith considers clients to be long-term partners as the financial institution continues to flourish.

Chief Bank utilizes a business model that is localized, customized and best suited to the real needs of our clients in Cambodia. We have been actively working to further refine our existing products and introducing new products and services to meet our clients’ growing needs.

Originally established in Hong Kong in 1979, Chief Group has gone from strength to strength by adhering to its core beliefs of ethical practices and prudent investment. We have stayed the course by sticking to our vision, mission, goals and philosophy, and by serving our customers better than ever, to yield sound results. Our successes are attributed to a strong team spirit with clear vision and policies.