Wing Bank briefs General Department of Taxation on how its digital technologies are propelling the Kingdom’s financial sector.
Wing Bank chairman Neak Oknha Kith Meng on Friday welcomed a high-profile delegation — from the General Department of Taxation that was led by its director-general Kong Vibol — to its head office in Phnom Penh.
Wing Bank’s management during the visit showcased the latest digital banking technologies and briefed the officials on the bank’s vision in providing financial services across the Kingdom.
The delegates were shown how Wing Bank uses its large digital ecosystem and innovative digital technologies to smoothen consumer lending, support financial and digital inclusion, enable e-commerce and e-governance; and assist in driving Cambodia’s vision in developing a digital and open economy.
“Wing Bank has been working diligently to ensure that our community has access to a broad range of financial solutions, digitally, physically and at times when they need it the most.
“We aim to use our digital financial products and services to relieve the financial burden from the pandemic and help our people to recover their businesses faster,” said Kith Meng.
After the official announcement of its commercial licence in 2021, Wing Bank has designed and introduced a range of advanced financial products both for individuals and corporate customers.
These include loans, deposits, micro-savings, credit referral services, money transfers, utility and insurance payments, supply chain payments, payroll services, e-commerce services, and even phone top-ups.
In addition, Wing offers retail payments via “WingPay”, and has introduced the “WingMall” — an e-commerce plat-form in its marketplace inside the WingBank App that provides Cambodian businesses with a platform to reach millions of Wing’s customers.
“Wing Bank is now a fully fledged commercial bank utilising its large user bases, innovative digital technology, problem-solving products, and services, as well as partnering with giant industry leaders in the global market.
“We always place great emphasis on outstanding performance, striving to provide innovative financial solutions to fulfil the daily needs of Cambodians,” said Wing Bank CEO Han Peng Kwang.
In the past year alone, Wing Bank has served more than 13 million users through its financial ecosystem. Over 500 corporate companies and 10 government agencies are now using Wing Bank’s payroll and disbursement services, speeding up payments and business operations.
More than 80,000 merchant partners such as restaurants, retail shops, salons, pubs, fashion outlets, and many others are using Wing Bank for its reliable and secure payment solutions.
Through its Wing Bank App, Wing Bank offers close to 100 digital solutions to solve specific problems for every Cambodian.
Wing Bank is committed to providing convenient, relevant, and technologically advanced financial services products to every Cambodian to help them enjoy the benefits of being included in the formal financial sector, safely and securely.
