Phnom Penh – August 14, 2018: Today, Wing (Cambodia) Limited Specialised Bank officially launch its service called WingPay. Visible in all corners of Phnom Penh and in highly urbanized city of Cambodia, the Wing QR cashless payments has taken its wave in the market. This cashless mobile payment service is available by scanning QR code, entering merchant till number, or payment trough USSD Code *989#.
Available at over 20,000 merchant partners nationwide, ranging from tuktuks, push cart vendors to big retail shopping segments like coffee shops, restaurants, beauty salons, canteens, gasoline stations and many more, WingPay allows customers to do cashless online payment regardless what type of mobile phone they own, whether it is a smart or a feature phone.
Wing Chief Executive Officer, Mr. Jojo Malolos said “WingPay is another product by Wing with the purpose of opening up possibilities of financial inclusion for every Cambodian, especially those who want to own a modern lifestyle, through the fast, convenience, and secure mobile payment at the touch of their finger.”
“As almost 50% of Cambodian population own a smartphone, we believe this cashless mobile payment solution will, sooner or later, replace cash payment in Cambodia, allowing everyone to do many things without the need to carry physical cash or waiting for small bills from the merchants,” Mr. Malolos said.
WingPay enumerates Wing’s cashless payment services, from local online payment to QR payment. Customers can enjoy various promotion and discount as they process payment using WingPay at the bank’s merchant partners, in addition to its seamless mobile payment transaction. It is also one among many useful functions on Wing Money Mobile App, allowing customers to pay their bills, top-up phone credit, transfer money, generate online payment code, getting virtual Mastercard, and many others.
“It is always an inspiration to us as we create a journey toward building an ecosystem where agents, partners, consumer, corporate, SME and micro merchants and institutions can grow or earn a profitable income through Wing mobile banking services,” Mr. Malolos added.
According to 2017 Fintech Startup Report, there are approximately 5 million users, accounting for more than 30% of the total population (15.3 million). Due to the availability of internet service, the report also shows Cambodia has a mobile phone penetration rate of 166%, and a smartphone penetration rate of 39.5%.
Wing (Cambodia) Limited Specialised Bank
Email: [email protected]
Wing (Cambodia) Limited Specialised Bank is Cambodia’s leading mobile banking service 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 with ease from and to any location.
Wing is committed to provide financial inclusion via mobile banking services to the unbanked and under-banked, allowing every Cambodian to have access to local money transfer, instant international money transactions in more than 50 countries, phone top up and bill payments.
Wing’s success was recognised when it was named ‘Best Mobile Payment Solution 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 to grow and spread payment ecosystems.