Wing Wins Two Gold Stevies® at the 2019 International Business Awards

January 6, 2020

Nov 27, 2019 Phnom Penh–Wing (Cambodia) Limited Specialised Bank, the country’s leading banking service provider, was named the winner of Gold Stevie® award in two categories, “Most Innovative Company of the Year” and “Company of the Year”, in the 2019 16th Annual International Business Awards (IBA).

“Wing is extremely proud and humbled by these awards. We consider it a recognition of our unrelenting focus in bringing financial inclusion to the unbanked and underbanked customers in Cambodia through innovative interventions, progressive collaborations and technological advancements, “said Mr. Manu Rajan, Chief Executive Officer of Wing. “These two Gold Stevies® at the 2019 International Business Awards have reinforced our faith in our vision to stay committed to continue our efforts in making the lives of millions of Cambodians better through introduction of more innovative products and services that drives financial inclusion and economic development.”

The International Business Awards is one of the seven programs of the Stevie® Awards which is recognized as one of the world’s premier business awards. The award honors individuals and organizations for their achievements and positive contributions, and receives nomination submissions from a range of industry – public and private, for profit and nonprofit, organizations having small, medium and large operations – from across the world. In 2019, the IBA received entries from 74 nations which were judged based on average scores of 250 executives worldwide, who participated in the judging process.

Wing has been committed to its vision of creating a mobile banking ecosystem that is uniquely tailored to the needs of the Cambodian population and penetrates remote economies of the country, reaching out to the unbanked and the underbanked. This has been possible through creation of a network of 7000+ Wing Cash Xpress agents that have made financial services, accessible, convenient and secure for the underprivileged. Besides, Wing has been taking significant steps in introducing new products and services for its customers, consistently innovating to deliver on their requirements in a convenient and secure way.

The IBA, acknowledging the value of these initiatives in a developing economy like Cambodia, awarded two Gold Stevies® to Wing:

Gold Award for Company of the Year – Banking

In 2018, 100 Million transactions worth ~80% of the GDP value in Cambodia were carried out by over 4.5 million Cambodians on the Wing ecosystem. Wing is also the first mobile banking service provider in South East Asia to offer online Mastercard services. Wing has stayed focused on having a larger social impact and introduced the ‘Tini’ campaign to build awareness on the Wing App and its use. Furthermore, Wing partnered with a local NGO to onboard women entrepreneurs from rural markets to start cashless trading across the nation. For its continued social initiatives for financial inclusion, Wing was awarded the Best Social Impact Bank in Cambodia by Capital Finance International in 2018.

Gold Award for Best Innovative Company of the Year

In 2018, Wing partnered with various entities to provide accounting solutions tailored specifically to meet the needs of small businesses in Cambodia. Wing, through its partners, integrated the accounting system in its services that are extended to Wing MSME and SME customers and provided the tools to improve the way MSMEs and SMEs manage their businesses, placing them on clearer financial footing. This product innovation has allowed many small businesses in the country to take their businesses forward.

About the Stevie® Awards
Stevie® Awards are conferred in seven programs: the Asia-Pacific Stevie® Awards, the German Stevie® Awards, The American Business Awards®, The International Business Awards®, the Stevie® Awards for Women in Business, the Stevie® Awards for Great Employers, and the Stevie® Awards for Sales & Customer Service. Stevie Awards® competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies® recognise outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.stevieawards.com.