In a bid to facilitate banking for thousands of customers, Wing and Amret on Friday launched a partnership that will enable account-to-account transfers and direct cash deposits through Wing kiosks.
For in depth analysis of Cambodian Business, visit Capital Cambodia
Wing and Amret’s customers can now transfer money between accounts at either institution through the Wing Money App.
In addition, Amret’s customers can also deposit funds into their Amret account through any of Wing’s 6,000 agents nationwide.
Jojo Malolos, Wing’s CEO, said the partnership between Wing and Amret is grounded in a mutual commitment to financial inclusion and will enable the unbanked and under-banked more access to financial services. As a result, he said, the partnership will contribute to national economic growth.
“With this launch, we have reached another milestone in our quest to serve the diverse money transfer and deposit needs of our customers.
“Be it to process routine daily financial transactions, move funds for long-term investment decisions, or make immediate direct cash deposits, our account-to-account fund transfer and cash deposit services place more financial control in the hands of Wing and Amret customers and enable them with many possibilities,” Mr Malolos said.
Chea Phalarin, CEO of Amret, said the goal of the partnership is to serve the financial needs of customers and to ensure they have the tools they need to make immediate and long-term financial decisions.
“We provide financial products and solutions with our customers’ long-term financial interests in mind.
“The strength of our business is a direct result of the trust and confidence our customers have in us, as well as the trust and confidence we have in our partners, such as Wing,” Mr Phalarin said.