Logo of Phnom Penh Post newspaper Phnom Penh Post - Wing teams up with the Agricultural and Rural Development Bank to assist SMEs, agri-businesses




Wing teams up with the Agricultural and Rural Development Bank to assist SMEs, agri-businesses

Content image - Phnom Penh Post
Wing CEO Manu Rajan (left) and ARDB CEO Kao Thach exchange documents.

Wing teams up with the Agricultural and Rural Development Bank to assist SMEs, agri-businesses

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.”

Content image - Phnom Penh Post
Wing management team at the event.

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.

Content image - Phnom Penh Post
Participants pose for a group photo after the signing ceremony.

MOST VIEWED

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • ‘Bad news is an investor’s best friend’ – unlocking investment potential in Cambodia

    It is time to shop. Economic woes provide good pickings for investors if they know where to look The poem If, written by English Nobel laureate poet and novelist Rudyard Kipling for his son circa 1895, is widely perceived as fatherly advice for John who would

  • PM requests Russia’s Covid vaccine

    Prime Minister Hun Sen has requested that Russia provide Cambodia with its Covid-19 vaccine after the former announced it planned on mass vaccinating its population next month. The request came on Thursday through the prime minister’s Facebook page as he met with Anatoly Borovik,

  • First ‘mobile kitchen’ in Cambodia enters service

    A catering company recently rolled out Cambodia’s first “mobile kitchen” – a $50,000 container capable of serving up to 200 people at a time. The kitchen is the brainchild of Seng Hok Heng Catering Services. At 4.4m-high, 6.8m-long and 2.4m-wide (expandable to 6.8m), the kitchen is equipped

  • Kingdom, China rebut basis for US sanctions

    The Council for the Development of Cambodia, the Ministry of Foreign Affairs and International Cooperation, and Tianjin Union Investment Development Group Co Ltd (Tianjin) have responded to US sanctions on Union Development Group Co Ltd (UDG), a Chinese-owned company currently developing the sprawling $3.8 billion Dara

  • Influenza breaks out in eight provinces

    Nearly 600 people have been infected with influenza in eight provinces in the past month, Ministry of Health spokesperson Or Vandine said. The ministry is advising extreme caution. A report released by Vandine on Saturday said the Ministry of Health observed transmissions of influenza between August 15