Logo of Phnom Penh Post newspaper Phnom Penh Post - Wing and CMA make the payment of microfinance membership fees easy

Wing and CMA make the payment of microfinance membership fees easy

Content image - Phnom Penh Post
Wing CEO Manu Rajan (left) shakes hands with CMA executive director Phal Vandy after the signing of a memorandum of understanding last Friday. Photo supplied

Wing and CMA make the payment of microfinance membership fees easy

Wing (Cambodia) Limited Specialised Bank has taken another innovative step to promote financial inclusion in the Kingdom.

Last week, the mobile banking service provider partnered with Cambodia Microfinance Association (CMA) to make the paying of membership fees simpler – by using either its mobile app or through its agents.

The new partnership allows some 101 CMA members to pay their membership dues via Wing’s services nationwide.

“With Wing, paying CMA membership fees is either at the convenience of your fingertips with our mobile app or through our widespread network of Wing Cash Xpress agents.

“We are delighted to partner with CMA, bringing our cutting-edge technologies and know-how to grow Cambodia’s microfinance sector,” Wing CEO Manu Rajan said.

Content image - Phnom Penh Post
Wing CEO Manu Rajan. Photo supplied

Wing, a homegrown company that pioneered mobile banking in Cambodia, signed a memorandum of understanding with CMA on Friday to launch this new service.

Established 11 years ago, Wing has created a robust mobile banking ecosystem that caters to the needs of Cambodians across the provinces by offering an array of services – including money transfers, bill payments and phone top-ups, as well as online and offline cash payments.

“Using Wing’s robust and secure network as a payment option is an important step for us as we have been exploring ways of using technology to provide convenience for our members,” said CMA executive director Phal Vandy.

It is an ideal move, as the arrangement will help the around 80 per cent of CMA members who live in rural areas, with the majority of them women.

“We consider this opportunity to partner with one of the largest associations of professional organisations in Cambodia as further recognition of Wing’s customer-centricity and ability to use technology to improve the lives of millions of poor Cambodians.

“I am glad that Wing and CMA share the same vision of driving financial inclusion through providing Cambodians with easy access to finance. Over the past 11 years, Wing has stayed committed to ensuring that Cambodians enjoy a wealth of convenience and security when it comes to mobile financial services.

“We are committed to making fundamental differences to living standards in the Kingdom of Cambodia, as well as working towards achieving our goal of creating a cashless society,” Manu said.

He added that CMA has revolutionised the microfinance industry in Cambodia, while setting a great example for the rest of the world to emulate in providing easy access to finance for millions of unbanked and underbanked people.

“Wing is privileged to be part of this success story in the Kingdom in our humble capacity as a specialised bank in payments,” Manu said.

Content image - Phnom Penh Post
The partnership allows CMA members to pay for membership via Wing’s services nationwide. Photo supplied

Content image - Phnom Penh Post
Wing said it is ‘delighted to partner with CMA’. Photo supplied


  • All inbound flights set to face added scrutiny

    Ministry of Health spokesperson Or Vandine said on Monday that the ministry is monitoring all inbound flights, after it was announced that only those from Malaysia and Indonesia will be temporarily cancelled from August 1. Vandine said on Monday that the two countries were identified as

  • Flights from Indonesia, Malaysia cancelled

    A Ministry of Health official has warned of the possibility of Covid-19 spreading through community transmission after the total infected cases in the Kingdom rose to 225. Ministry spokeswoman Or Vandine told reporters on Saturday that the possibility of community transmission cannot be overlooked and that

  • Man in quarantine dies of ‘overdose’

    The Ministry of Health on Thursday said a Cambodian migrant worker who died while being isolated at a quarantine centre in Tbong Khmum province’s Kroch Chhmar district may have died from syncope or overdose of tablets. In a statement, the ministry said the 21-year-old

  • Ministry set to reopen 20 schools in August

    The Ministry of Education, Youth and Sport will allow 20 high-safety-standards schools to reopen next month despite new cases of Covid-19 in the country. Ministry spokesperson Ros Soveacha wrote in a Telegram message on Wednesday that the schools are in Phnom Penh, Siem Reap and Battambang.