Cambodia's Wing Bank issues 2-in-1 combined debit and credit card
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Designed to simplify financial management, enhance security, and offer greater flexibility, this cutting-edge product was developed in response to customer demand for a more convenient way to access both their own funds and credit in a single solution.
Since the launch of the One Card, Wing Bank has seen a remarkable increase in card usage, reflecting strong consumer demand for flexible and secure payment solutions. Developed in partnership with Mastercard and powered by Compass Plus Technologies, the One Card features a sleek, numberless design for enhanced security, eliminating printed credentials to reduce the risk of fraud. Customers can access and control both debit and credit functionalities through the Wing Bank App, ensuring a seamless user experience.
'This innovation simplifies payments by integrating debit and credit in a single, secure card,' said Dr. Dmytro Kolechko, CEO of Wing Bank. 'With Mastercard's global expertise and Compass Plus Technologies' advanced payments technology, we're bringing the future of digital payments to Cambodia.'
The One Card, available in Platinum and Gold, offers exclusive benefits such as high credit limits, airport lounge access, comprehensive travel insurance, and an interest-free grace period of up to 55 days. Annual fees are waived in the first year and beyond with qualifying transactions. The Platinum card provides a credit limit of up to USD 50,000 and extensive travel protection, while the Gold card offers up to USD 5,000 in credit and valuable lifestyle perks.
Compass Plus Technologies played a pivotal role in enabling the card's development, providing technical support, configuring product features, and ensuring seamless integration with Wing Bank's digital banking ecosystem. 'We are proud to support Wing Bank in bringing this first-of-its-kind card to Cambodia,' said Igor Simonov, Associate VP, Account Director and Regional Sales Director at Compass Plus Technologies. 'By leveraging our cutting-edge payments technology, Wing Bank has created a product that enhances security, convenience, and financial flexibility for consumers.'
With Cambodia's digital transformation accelerating, Wing Bank has positioned itself at the forefront of this movement, providing innovative, customer-centric financial solutions that empower consumers and drive financial inclusion. 'We are committed to pushing the boundaries of digital payments to provide our customers with world-class financial solutions,' added Dr. Dmytro Kolechko. 'The Mastercard One Card is a testament to that mission.'
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