Wing and Agricultural and Rural Development Bank (ARDB) join hands to support SME & Agri-business in Cambodia

May 27, 2020

SMEs and Agri-Business can use Wing’s facility to repay their loan of ARDB

Phnom Penh, 27th May 2020–Wing (Cambodia) Limited Specialised Bank and Agricultural and Rural Development Bank of Cambodia (ARDB) linked up for a partnership to provide easy access to every small and medium enterprise (SME) and Agri-Business in Cambodia.

With this partnership, the customers of ARDB will be able to make loan repayments through over 7,500 Wing Cash Xpress agents across Cambodia. Also, they can opt to transfer money instantly from their Wing Accounts using Wing Mobile App or using the USSD Code *989# on their mobile phones – anytime, any day, 24X7.

“This partnership today is proving our commitment to support the SME and agri-business in Cambodia providing financial access at their convenience” H.E Kao Thach, CEO of Agricultural and Rural Development Bank. “Now, even though you are at the rural province, you still can access to our support via Wing financial system.”

Agricultural and Rural Development Bank of Cambodia (ARDB) was established in 1998 to fill the shortage of demand and supply of financial services in rural areas, and to contribute to reducing poverty of the Cambodian People. It is operated under the technical and financial guardian of the Ministry of Economy and Finance and is under the supervision of the National Bank of Cambodia.

“We believe that our partnership today will let us serve the diverse money transfer and loan repayment needs of hundreds of SMEs and Agri-Businesses in Cambodia, conveniently, safely and securely” Manu Rajan, CEO of Wing. “This will enable them to stay more focused on expanding their business operations, contributing towards the economic growth of Cambodia.”

Cambodia is home to approximately over 500,000 SMEs contributing to economic growth through creating jobs, generating income for low-income people, fostering social stability and the growth of a dynamic private sector.

Both Wing and Agricultural and Rural Development Bank of Cambodia share the vision of providing convenient access to financial services to the community – thereby improving the quality of lives of Cambodian people. Wing has built its brand as a convenient, secure and instant money transfer service through its top-notch Wing Money App and national network of professional Wing Cash Xpress aAgents. Agricultural and Rural Development Bank of Cambodia is recognized for its commitment to take part in the poverty alleviation and raising the living condition of rural Cambodian people through providing financial support to enterprises, SMEs, and farming organization in order that they can contribute back to the economic growth of Cambodia.