Logo of Phnom Penh Post newspaper Phnom Penh Post - Wing inks agreement on Malaysia remittances

Wing inks agreement on Malaysia remittances

Content image - Phnom Penh Post
Customer came to send money via Wing at one store in Phnom Penh.

Wing inks agreement on Malaysia remittances

Wing Specialized Bank, the local mobile banking provider, recently launched international remittance services from Malaysia, after inking a partnership deal with that country’s financial technology firm, Valyou.

The deal aims to target Cambodian nationals living and working in the Asean nation.

According to Wing’s announcement, more than 150,000 Cambodians are employed in Malaysia in various industries such as agriculture, construction, manufacturing, fishing and domestic service.

“It is our mission to provide a fast, secure and convenient way for thousands of Cambodians overseas to send money to their loved ones in their country,” said Wing Chief Executive Officer Jojo Malolos.

Through the partnership, remittance customers can now send money directly home using the Valyou Mobile Wallet app or from over 2,500 Valyou locations across Malaysia.

After the transfer, the money can be cashed out to the receiver’s Wing account and be picked up at one of the over 5,000 locations in the Kingdom.

Wing earned a net profit of $1.7 million in 2017 with their total assets sitting at $27.4 million, according to the annual supervisory report of the National Bank of Cambodia.

MOST VIEWED

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Woman seeks answers after arrest of American partner

    Filipina Lalaine de Guzman, 48, is demanding answers for the detention of her American partner by Cambodian immigration officers after he was arrested at their home almost 90 days ago. She said without an arrest warrant or proffering any criminal charges, Stephen Sidney Greatsinger, 56, is being detained

  • ‘No chance Cambodia booted out of ASEAN’

    A group of former and current Cambodian diplomats on Tuesday fired back at retired Singaporean diplomat Bihalari Kausikan after he proposed that ASEAN dismiss Cambodia and Laos from the bloc. In an open letter, the Cambodian diplomats said Kausikan’s remarks were made from a

  • Phnom Penh underpass opens to ease traffic

    Prime Minister Hun Sen has announced a temporary opening of the 488m underpass at the Chaom Chao roundabout in Phnom Penh’s Por Sen Chey district, which was recently completed to connect traffic from National Road 4 to Russian Federation Blvd. The move is to reduce

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in

  • PM urges caution as Polish man tests positive for Covid

    The Ministry of Health on Wednesday reported that a 47-year-old Polish man tested positive for Covid-19 after arriving in Cambodia on Monday. There are a total of six Covid-19 patients currently in the country, all of whom are being treated at the Khmer-Soviet Friendship Hospital