Phnom Penh, Friday, 2nd –March- 2018: Cambodian workers and people living in South Korea will be able to have additional choice on sending money back to Cambodia with Wing and GME Remittance.
The two money transfer companies have teamed up to offer the fast and convenient service yet without the need for a bank account or endless paperwork.
With the new partner, the choices for transferring money to Cambodia provides financial freedom and becoming easier. Providing an inclusive financial solution for the 50,000 or so Cambodian migrant workers legally living and working in South Korea has always been one of the important consideration of Wing and GME Remittance.
Cambodians in South Korea will be able to send money back home by using the GME Remittance App, which provides a secure way to get cash to family and loved ones fast. Money can be seamlessly transferred between the two countries without fuss.
Cambodian migrant workers in South Korea sent home $260 million in 2017, according to the Ministry of Labour.
Workers can send up to $1,000 a time with attractive, affordable fees.
Unlike conventional money transfer through banks in Korea, the service is designed to be as easy as possible.
And as the transfer runs in the banking system, only the recipient will be able to collect the transferred cash at the other end, providing peace of mind to the sender.
The partnerships marks the first collaboration between Wing, Cambodia’s leading mobile banking services provider, and Global Money Express Company Limited (GME), the first non-bank remittance service provider in South Korea.
“We are always looking for ways to make life easier for our customers and offer new payment solutions,” said Jojo Malolos, Wing’s Chief Executive Officer.
“Wing and GME have similar core values and a shared belief that the customer always comes first. We understand how important is it to connect those working and living away with their loved ones back home.”
Sung Jung Hwa for GME, said: “We are committed to providing our customers with a hassle-free money transfer every single time.”
“Our teams is constantly working hard to make sending money simpler and more cost effective. We are delighted to be teaming up with Wing to make this happen.”
Highlights of partnership:
- Fast and secure
- Convenient and affordable
- Fees are $10-$500: 5,000 KRW ($4.6) and $501-$1,000: 7,000 KRW ($6.5)
- Money can be transferred direct to a Wing account or to be collected at one of Wing’s 5,000 Cash Xpress agents nationwide via a secure 8-digit code.
Wing (Cambodia) Limited Specialised Bank is Cambodia’s leading mobile banking services provider and one of the few specialised 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 is committed to providing financial inclusion via mobile banking services to the unbanked and under-banked, allowing every Cambodian access to local money transfer, instant international money transactions in more than 50 countries, phone top up and bill payment.
Wing’s success was recognised when it was named ‘Best Mobile Payment Solutions Cambodia’ in the prestigious Global Banking & Finance Awards 2017.
Wing remains at the forefront of the mobile money and electronic payment services market in Cambodia with 100% district coverage via a nationwide network of 5,000 Wing Cash Xpress outlets. It has partnerships with more than 6,000 merchants and global industry leaders including Mastercard and WorldRemit.
Wing also provides funds and payment solutions to the corporate sector via enterprise services. Small and medium enterprises (SMEs) and companies can use Wing’s payroll and disbursement services for their employees, helping growth and the spread of payment ecosystems.
Global Money Express Company Limited (GME) is the first non-bank remittance service provider in Korea. Licensed by the Ministry of Strategy & Finance in Korea to provide remittance services to selected countries, GME will in time be opening its services to rest of the world too.
GME’s team is constantly working hard to make sending funds simpler and more cost effective than ever before. Increasing its presence in-store and online (web and mobile App), GME is working to ensure everyone can benefit from its services.
Technology has helped bring down the cost and speed up sending money, which in return has benefited hundreds of customers able to send more money than ever before and in much lesser time. GME has made a promise to continue to speed up the process and offer the lowest cost of sending money to all its customers.
For more information, please contact:
Wing (Cambodia) Limited Specialised Bank:
Wing Marketing Team
Email: [email protected]