Wednesday, May 14, 2025
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Wing, specialised Bank in Cambodia, ink new partnership with Phillip Bank in Cambodia

September 29, 2020
in Business, Cambodia, National
0
Wing, specialised Bank in Cambodia, ink new partnership with Phillip Bank in Cambodia
0
SHARES
35
VIEWS
Share on FacebookShare on Twitter

Wing (Cambodia) specialised Bank and Phillip Bank Plc signed a new agreement that will make it easier and more convenient for Phillip Bank’s customers to make their loan payments.

The agreement was formalised yesterday in a signing ceremony held at Raffles Le Royal in Phnom Penh. The memorandum of understanding (MoU) between the two companies was signed by Wing (Cambodia) Chief Executive Officer (CEO) Manu Rajan and Phillip Bank Deputy CEO Han Peng Kwang.

Established in 2009, Wing (Cambodia) has grown to become the leading mobile banking services provider in Cambodia. It also earned the reputation of being one of the few specialised banks in the world.

Phillip Bank, meanwhile, is part of Singapore’s PhillipCapital Group, a financial giant with a presence in more than 15 countries.  Early this year, Phillip Bank merged with Kredit MFI, leading to the creation of the third-largest bank in Cambodia in terms of branch network. The bank currently has 89 branches spread across Phnom Penh, Kampot, Takeo, Kampong Speu, Kampong Cham, Siem Reap, Battambang and other provinces.

In his message during the ceremony, Rajan stressed that the partnership reflects their relentless efforts to give all Cambodians convenient access to financial services. He also said that they want to give the people here the freedom to grow and build their future.

“I am especially glad that we can extend these payment solutions to help people during the ongoing pandemic,” he said.

Rajan also pointed out such an arrangement will help many, especially small and medium enterprises (SMEs). The Wing (Cambodia) CEO noted that his company and Phillip Bank are strong supporters of Cambodia’s SME sector.

Under the agreement, Phillip Bank customers can make loan repayments through Wing’s network of agents across Cambodia, a news release provided to the media revealed. Currently, Wing (Cambodia) has more than 8,200 Cash Xpress outlets spread across Phnom Penh and other parts of the country.

“With this collaboration, Phillip Bank customers will now have another option to repay their loans easily without the need to visit the bank branches,” Han Peng said. “This partnership will help us achieve another milestone in delivering more digital products and services for all our customers who range from the micro to retail, SME and corporate clients.”

Phillip Bank presently serves more than 100,000 clients, more than 90 percent of whom are Cambodians.

In addition to Phillip Bank, Wing (Cambodia) has also entered into partnership with many other financial institutions in the Kingdom, including J Trust Royal Bank, Canadia Bank, Cambodia Commercial Bank, ABA Bank, ACLEDA Bank and PPCBank.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: BattambangCambodiaKampong ChamKampong SpeuKampotPhillip BankPhillip Bank in CambodiaPhnom PenhSiem Reapspecialised bank in CambodiaWing
Previous Post

Children have 44% lower odds of catching Covid-19 than adults: UK analysis

Next Post

Philippines extends partial coronavirus curbs in Manila until Oct 31

Related Posts

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

by Khmer Times
July 3, 2023
0
92

Neak Poan Temple is one of the most attractive tourist destinations among the ancient temples, which is located along the...

Cambodian pepper gains direct export rights to China

Cambodian pepper gains direct export rights to China

by Khmer Times
July 3, 2023
0
75

The Chinese Embassy in Cambodia announced today that Cambodian pepper has completed all export procedures to China, which means can...

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

by AsiaOne
June 14, 2023
0
100

One of South Korea's top livestreamers was recently found dead in Cambodia. Byeon Ah-young's body was discovered — wrapped in a...

Most Popular

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

May 30, 2023
48
EZECOM first to collaborate with AWS to provide leading Cloud service for Cambodia

EZECOM first to collaborate with AWS to provide leading Cloud service for Cambodia

March 15, 2022
43
Ford Cambodia, operated by RMA Cambodia, brings vehicles and technical training

Ford Cambodia, operated by RMA Cambodia, brings vehicles and technical training

September 1, 2020
56
Innovation key to Cambodia’s garment industry growth

Innovation key to Cambodia’s garment industry growth

December 3, 2021
16
Tire factory in Cambodia’s Sihanoukville Special Economic Zone officially launched

Tire factory in Cambodia’s Sihanoukville Special Economic Zone officially launched

May 23, 2023
95
Banana orchard tells China’s increasing role in Cambodia’s growth story

Banana orchard tells China’s increasing role in Cambodia’s growth story

June 12, 2023
59

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!