Wing and Phillip Bank join hands to provide convenient loan repayments in Cambodia

October 1, 2020

Customers of Phillip Bank can now repay loans via Wing agents nationwide

Phnom Penh, 28 SEP 2020— Wing (Cambodia) Limited Specialised Bank, a leading mobile banking service provider in Cambodia, and Phillip Bank Plc, a member of PhillipCapital Group headquartered in Singapore, have officially partnered to offer convenient and secure loan repayment through the Wing financial ecosystem.

Through this partnership, Phillip Bank customers can now make loan repayments through Wing network of more than 8,000 Wing Cash Xpress outlets across Cambodia, saving time and money through ease of access.

“This partnership reflects our relentless efforts to give all Cambodians convenient access to financial services that give them freedom to grow and build their future,” said Manu Rajan, CEO of Wing. “I am especially glad that we can extend these payment solutions to help people during the ongoing pandemic.”

Through the past 12 years since its launch in Cambodia, Wing has constantly explored new ways to create opportunities for financial inclusion by building a more interconnected economy.

“With this collaboration, Phillip Bank customers will now have another option to repay their loans easily without the need to visit the bank branches,” said Han Peng Kwang, Deputy CEO of Phillip Bank. “This partnership will help us achieve another milestone in delivering more digital products and services for all our customers who ranges from the micro to retail, SME and Corporate clients.”

Both Wing and Phillip Bank Plc share the same vision of using digital financial services to lift the standard of living for the communities they serve. Phillip Bank serves more than 100,000 clients, more than 90% of whom are Cambodians. Wing has created innovative digital products to simplify the daily lives of Cambodians, allowing them to send money and facilitate transactions using their mobile phones and simple “over the counter” services at Wing Cash Xpress outlets.