Wing (Cambodia) Limited Specialised Bank and the Agricultural and Rural Development Bank of Cambodia (ARDB) on Wednesday partnered to provide all small and medium enterprises (SMEs) and agriculture businesses in the Kingdom with easy financial access.
With this partnership, ARDB customers will be able to make loan repayments through the comprehensive network of more than 7,500 Wing Cash Xpress agents across Cambodia. They can also use their mobile phones at any time to instantly transfer money in their Wing accounts by using the Wing Mobile App or the USSD Code *989#.
“This partnership proves our commitment to supporting SMEs and agri-businesses in Cambodia by providing convenient financial access,” said Kao Thach, the CEO of ARDB. “Now even people in rural provinces can have access to the support provided by the Wing financial system.”
ARDB was established in 1998 to meet a shortage of financial services in rural areas and to assist in reducing poverty among Cambodians. It operates under the technical and financial guardianship of the Ministry of Economy and Finance, and is under the supervision of the National Bank of Cambodia.
“We believe that this partnership will let us conveniently, safely and securely serve the diverse money transfer and loan repayment needs of hundreds of SMEs and agri-businesses in Cambodia,” said Manu Rajan, the CEO of Wing. “This will enable them to put greater focus on expanding their business operations and contributing to the economic growth of Cambodia.”
Cambodia is home to more than 500,000 SMEs, which contribute to economic growth through the creation of jobs and by generating earnings for the low income, as well as by fostering social stability and contributing to the growth of the dynamic private sector.
Both Wing and ARDB share the vision of providing communities with convenient access to financial services – thereby improving the quality of life for many Cambodians.
Wing has built its reputation as a convenient, secure and instant money transfer service through its top-notch Wing Money App and its national network of professional Wing Cash Xpress agents.
ARDB is recognised for its commitment to poverty alleviation and to raising the living standards of people in rural areas by providing financial support to businesses, SMEs and farming organisations so they can contribute to the economic growth of the Kingdom.