Wing’s Parent Company, Inter Logistics (Cambodia) Co. Ltd to Invest in Camboticket to Scale Up Online Ticket & Holiday Booking in Cambodia
Phnom Penh, 03 April 2020— Inter Logistics (Cambodia) Co. Ltd, the parent company of Wing (Cambodia) Limited Specialised Bank, plans to invest a significant stake in the business of Camboticket, operated by in Sea Venture Co., Ltd, in bid to offer greater online ticket booking and holiday planning experience in Cambodia through Wing App and Camboticket.com.
“We are delighted that through this investment we will be able to revolutionize the way Cambodians book their local travel tickets and holiday experiences through a new age online booking system that makes the entire booking experience simple and efficient to both local and international travelers,” Neak Oknha Kith Meng, Chairman & CEO of the Royal Group of Companies and Inter Logistics (Cambodia) Co. Ltd said. “We will help drive digitalization of Cambodia through this investment and support startup companies like Camboticket that help make the lives of Cambodian people easier and better.”
Through this deal that is subject to approval from the authorities, both partners will provide strategic support on key functions. “This agreement will let us serve the people of Cambodia better by offering seamless experience of Online Ticket Booking when it comes to travel to various destinations in the region,” said Shivam Tripathi, CEO and Co-Founder of Camboticket. “Innovation is what drives us at Camboticket and we will continue to innovate to make Camboticket a one stop solution for every Cambodian to book their local Bus, Taxi, Ferry and Holiday Experiences.”
Established in Cambodia in early 2015, Camboticket has grown up to be one of the leading Online Ticketing platforms in Cambodia and is extending its presence to Vietnam, Thailand, and Laos covering route to and from the major destinations of the region such as Phnom Penh, Siem Reap, Sihanoukville, Bangkok, Ho Chi Minh, Kep, Kampot, Battambang, Pakse, and others.
“I am glad to witness both these companies deciding on this association today,” Mr. Manu Rajan, CEO of Wing (Cambodia) Limited Specialised Bank said. “As a part of Inter Logistics (Cambodia) Co. Ltd, we are happy for our parent company that has entered into this agreement which we believe will go a long way in making ticket booking and holiday planning easier for every single Cambodian. Camboticket has been one of the merchant partners of Wing for some time. Wing customers are currently able to use the transport section within the Wing Money App to select Camboticket to book their local Bus, Taxi, Ferry and Holiday Experiences safely, securely and instantly”.
Both Inter Logistics (Cambodia) Co. Ltd and Camboticket share the same vision to utilize cutting edge digital technology for the improvement of the living standards of every Cambodian. Camboticket is a multiple award-winning online travel ticketing platform and provides SaaS solutions to suppliers helping them to manage their inventory sales apart from enabling individual ticket booking and holiday planning.
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 over 7,500 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.
Camboticket (www.camboticket.com ) is Cambodia’s pioneering travel ticketing platform which is revolutionizing the travel industry in Cambodia and other emerging markets. Camboticket is bringing hundreds of suppliers online and enabling them to sell their inventory online through Camboticket websites, apps and its affiliate partner networks. Camboticket currently offers online booking of more than 2,000 trips and 200 local tours and activities on its platform daily.
Camboticket was founded by Shivam Tripathi and Rahul Anand and is backed by OBOR Capital as its seed investor.