Logo of Phnom Penh Post newspaper Phnom Penh Post - Wing to process business registry fees

Wing to process business registry fees

A customer waits while a payment is processed at a Wing Express outlet in Phnom Penh in February 2014.
A customer waits while a payment is processed at a Wing Express outlet in Phnom Penh in February 2014. Vireak Mai

Wing to process business registry fees

The Ministry of Commerce has tapped Wing (Cambodia) Ltd Specialised Bank to be the fourth financial institution designated to handle payments for companies incorporated using the ministry’s online registration system.

Commerce Minister Pan Sorasak signed a nondisclosure agreement yesterday with Kith Meng, Wing’s president and board director, to facilitate information exchange for the new partnership. The two parties intend to work together to connect their IT systems.

Wing follows three other banks – Acleda Bank, Canadia Bank and Foreign Trade Bank (FTB) – appointed by the ministry to handle payment processing for the online business registry platform launched last December.

Over 10,000 companies have incorporated or re-registered their businesses using the automated service.“We are providing more options for businesses to fulfil their obligation [to register online],” Sorasak said.

“Earlier, we partnered with major banks and we think our [automated registry service] can serve a large number of businesses already. But we are partnering with more banks because we want to provide even more options.”

Chhun Vattanak Phakdey, Wing’s enterprise business director, said his team was working actively on the project and that businesses would be able to make payments using Wing’s network of 4,000 agents nationwide before the end of the year.

“Our agents work seven days a week so this is very helpful for businesses,” he said. “They can manage their time and make payments whenever it is convenient.”

Keo Mom, president of Cambodia Women Entrepreneurs Association (CWEA), said the addition of more third-party payment providers would encourage small businesses to register online.

“When more choices are offered, it encourages us to complete our duty without complications,” she said.

MOST VIEWED

  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Cambodia's Bokator now officially in World Heritage List

    UNESCO has officially inscribed Cambodia’s “Kun Lbokator”, commonly known as Bokator, on the World Heritage List, according to Minister of Culture and Fine Arts Phoeurng Sackona in her brief report to Prime Minister Hun Sen on the night of November 29. Her report, which was

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Sub-Decree approves $30M for mine clearance

    The Cambodian government established the ‘Mine-Free Cambodia 2025 Foundation’, and released an initial budget of $30 million. Based on the progress of the foundation in 2023, 2024 and 2025, more funds will be added from the national budget and other sources. In a sub-decree signed by Prime Minister Hun Sen

  • Angkor Beer, 30 Years of Prestige and Still Counting

    Let’s celebrate 30 years of prestige with Angkor Beer. In this 2022, Angkor Beer is 30 years old and has been staying with Cambodian hearts in all circumstances. Head of core beer portfolio, EmYuthousaid, “We have been with Cambodians for three decades now. We, ANGKOR Beer, pride

  • Two senior GDP officials defect to CPP

    Two senior officials of the Grassroots Democratic Party (GDP) have asked to join the Cambodian People’s Party (CPP), after apparently failing to forge a political alliance in the run-up to the 2023 general election. Yang Saing Koma, chairman of the GDP board, and Lek Sothear,