Phnom Penh, Mar 20, 2020–Wing, Cambodia’s leading mobile banking service provider, and Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) has signed a memorandum of understanding (MoU) outlining a new agreement to pave the way for better financial management among its members through digital payment solutions of Wing

Under this MoU, the members of FASMEC will be able to experience Wing’s innovative products and services tailored specifically for micro small and medium enterprises (MSMEs) and small and medium enterprises (SMEs) customers offering them convenience in their daily business management, both online and offline, through the robust ecosystem and the widespread network of over 7,500 Wing’s Cash Express agents across the kingdom.

Lok Oknha Te Taingpor, the president of FASMEC, said that, “I believe that this partnership will bring in new advance technology of digital financial service of Wing that is very beneficial to each FASMEC member to grow their business and integrate into the region while Cambodia and many other countries are moving forward into a digital economy in the near future.”

Established in 2010, FASMEC is a collective of small and medium size business in Cambodia with approximately 300 members who own various business companies around Cambodia. The federation is aimed at accelerating the growth of the SMEs in Cambodia through integration with the regional and global market.

“Small & Medium Enterprises are significant contributors to Cambodia’s economic strength and stability,” said Manu Rajan, CEO of Wing. “We understand the unique challenges SMEs and MSMEs face in managing their finances, and we have taken initiatives to ease this burden so they can focus on growing and expanding their businesses.”

Wing provides innovative products and services to effectively and efficiently manage business transactions of SMEs in a convenient and secure way. These products and services includes quick and hassle-free payroll services, bill payments, online payments along other payment solutions through the Wing Money mobile app, giving them greater choice of financial solution.

As one of the leading mobile banking service providers in Cambodia, Wing is now one of the most recognizable and trusted brand in the mobile money and electronic payment services that has partnered up with over 40,000 merchants and industry leaders, with the likes of Mastercard, Western Union, MoneyGram, Wechat, and Alipay.