Wing and Canadia Bank Join Forces to drive financial Inclusion in Cambodia
Wing and Canadia Bank are working together to fill in the gap of financial service in Cambodia.
Phnom Penh, June 23, 2020–Wing (Cambodia) Limited Specialised Bank and Canadia Bank Plc signed an agreement to explore a new partnership to drive financial inclusion and provide every Cambodian easy access to finance.
The signing ceremony was graced by the Chairman of Wing, Neak Oknha Kith Meng, Neak Oknha Dr. Pung KheavSe Chairman of Canadia Bank, special guests of honor, and the senior management of both companies.
Under this proposed partnership, Wing and Canadia Bank will work together to explore new opportunities to ensure that every Cambodian enjoys convenience and security when it comes to access to financial services—thereby improving their living standards.
“We are privileged that today Wing is signing the MoU to explore partnership with one of the oldest and largest bank in Cambodia to drive financial inclusion and economic growth through our robust financial ecosystem,” said Manu Rajan, CEO of Wing. “Wing has always been faithful to its vision to provide relevant mobile financial services in a convenient, secure, and instant manner, facilitating cash flow in the economy and driving up economic growth. This partnership with Canadia Bank will go farther in providing financial access to every Cambodian.”
Wing is one of the leading mobile financial services providers in Cambodia with a network of close to 8,000 Wing Cash Xpress agents widespread across the country, a super Wing Money App, and strong network of local and international financial partners.
“The partnership today reflects our continuous effort of delivering financial services and increase financial inclusion and access to Cambodians,” said Mr. Raymond Sia Say Guan, CEO of Canadia Bank. “We will bring the financial services closer to our clients now, even in the remotest area.”
Canadia Bank has established its market successfully for nearly 30 years providing a wide range of service to individual and corporate customers in Cambodia, and extended its market to the neighboring country—Laos.
Both Wing and Canadia Bank are the leading domestic banks in Cambodia, aiming to use financial technologies to improve the living standards of every Cambodian. Wing is recognized for widely establishing partnerships with over 40,000 merchant points, and key players of the industry such as Mastercard, MoneyGram, AliPay, WeChat Pay and Western Union. The professionally trained Wing Cash Xpress agents have assisted Cambodians with financial services in every corner of the country from the capital city to the remotest villag
About Canadia Bank Plc
Canadia Bank Plc. was established on 11th November 1991 as “Canadia Gold & Trust Corporation Ltd.”, joint-venture between Cambodian – Canadians and the National Bank of Cambodia (Central Bank of Cambodia). The bank’s management consisted of former staff of the National Bank of Cambodia and its Cambodian – Canadian shareholders.
The main activities were based on gold transactions, gold plaque manufacturing and lending to local merchants. On 19th April 1993 the name was changed into CANADIA BANK LTD., licensed as a Commercial Bank with the National Bank of Cambodia and registered with the Ministry of Commerce. On 16th December 2003 the name of the bank changed into CANADIA BANK PLC. (Public Limited Company).
Since privatization in 1998 the Bank has become the largest local bank in Cambodia. With a worldwide network of correspondent banking relationships and a solid base of local and international customers CANADIA BANK PLC holds commanding market shares in loans as well as deposits. The bank offers a wide range of financial services such as Deposit Accounts (USD, KHR and RMB), Consumer Loans (Home Loans, Vehicle financing, Personal Loans) and SME Loans, Trade Finance/Bank Guarantee, Funds Transfers, Payroll Services, Currency Exchange, Tax Payment, Credit Card, Mobile Banking through its Head Office and its 60 branches in Phnom Penh and major cities throughout the country and 1 branch in Laos.
Currently, our value customers can make the cash transaction more accessible and secure with 154 ATMs and 15 Cash Deposit Machines (CDM) 24/7.
For more Information: 023 969 222/ 023 868 222
Visit our website: www.canadiabank.com.kh
About Wing (Cambodia) Limited Specialised Bank
Wing (Cambodia) Limited Specialised Bank is Cambodia’s leading mobile banking services provider and is one of the few specialized banks in the world. Established in 2009, Wing has transformed the way Cambodians send and receive money, using mobile phones for anytime-anywhere convenience.
Wing remains at the forefront of the mobile money and electronic payment services market in Cambodia with 100% district coverage through our nationwide network of close to 8,000 Wing Cash Xpress outlets. It has partnerships with over 40,000 merchants, including both local vendors and global industry leaders such as Mastercard, MoneyGram, AliPay, WeChat Pay and Western Union.
Wing also provides funding and payment solutions to the corporate sector via our enterprise services. Small and medium-sized enterprises (SMEs) and larger companies can use Wing’s payroll and disbursement services for employees, helping to encourage the growth and spread of our payment ecosystem.
For more information, please visit www.wingmoney.com.
For media contacts:
Mr. Soratha Chan
Wing (Cambodia) Limited Specialised Bank
Public Relations Manager
Tel: 012 726 117