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

  • Cambodia rejects UN rights claim

    Cambodia's Permanent Mission to the UN Office in Geneva on Friday hit back at David Kaye, the UN special rapporteur on the Promotion and Protection of the Right to Freedom of Opinion and Expression after he raised concerns over the repression of free speech and

  • Snaring may spawn diseases

    The World Wildlife Fund (WWF) has warned that snaring of animals has become a crisis that poses a serious risk to wildlife in Southeast Asia and could spawn the transmission of zoonotic diseases to humans. Its July 9 report entitled Silence of the Snares: Southeast Asia’

  • Ex-party leader, gov’t critic named as secretary of state

    A former political party leader known for being critical of the government has been appointed secretary of state at the Ministry of Rural Development, a royal decree dated July 9 said. Sourn Serey Ratha, the former president of the Khmer Power Party (KPP), told The Post

  • Residence cards set for over 80,000 immigrants

    The Ministry of Interior plans to grant residence cards to more than 80,000 immigrants to better keep track of them. The ministry announced the plan on July 10, following the results of an immigration census. “An inter-ministerial committee and many operational working groups have been set up

  • Kingdom, US vow stronger ties

    At an academic forum on Saturday to celebrate 70 years of Cambodia-US diplomatic ties, Cambodian researchers and officials expressed hope of encouraging US investments and for that country to deepen and improve its bilateral relations. Held at the Royal Academy of Cambodia, it reviewed the past 70

  • Fifteen Cambodians from Saudi get Covid-19

    The Ministry of Health on Sunday confirmed 15 more imported cases of Covid. The 15 men ‒ all Cambodian aged 21 to 33 ‒ arrived from Saudi Arabia on Friday via a connecting flight in Malaysia. They were travelling with 79 other passengers, three of them women. The ministry said 80 of the

  • Ministry requests school opening

    The Ministry of Education, Youth and Sport on Thursday said it would request a decision from Prime Minister Hun Sen to allow a small number of schools to reopen next month. Ministry spokesman Ros Soveacha said if the request is granted, higher-standard schools will reopen

  • Kingdom eyes India FTA, China deal set for August

    Cambodia is studying the possibility of establishing a bilateral free trade agreement (FTA) with India to open a new market with the second-largest regional economy. This comes as an FTA with China is scheduled to be signed next month while similar negotiations with South Korea

  • Judge lands in court after crashing into alleged thief

    Sen Sok district police on Thursday sent a Koh Kong Provincial Court judge to the Phnom Penh Municipal Court on manslaughter charges after he crashed his car into a woman riding a motorbike on Wednesday, killing her. District police chief Hour Meng Vang told The

  • Vietnamese workers in Koh Kong questioned

    The General Department of Immigration (GDI) is questioning 49 Vietnamese nationals who were working illegally in Koh Kong province to build a case and send them back to Vietnam, its Department of Investigation and Procedure director Kem Sarin said on Thursday. GDI forces and provincial authorities