Latest news with #WingBank
Korea Herald
5 days ago
- Business
- Korea Herald
Wing Bank and Singapore Airlines Launch Cambodia's Points-to-Miles Exchange Partnership
The partnership enables Wing Bank users to convert loyalty points into KrisFlyer miles, enhancing their purchasing power through global travel rewards SINGAPORE and PHNOM PENH, Cambodia, Aug. 14, 2025 /PRNewswire/ -- Wing Bank (Cambodia) Plc., a 100% Cambodian-owned digital bank, has partnered with Singapore Airlines to launch Cambodia's loyalty points-to-miles exchange program—marking a major milestone in customer rewards innovation. The partnership launch event was honored by the presence of H.E. HUOT Hak, Cambodia's Minister of Tourism, H.E. Dr. Mey Vann, Secretary of State of the Ministry of Economy and Finance and Secretary General of the General Secretariat of the Non-Bank Financial Services Authority; and Neak Oknha Kith Meng, Chairman of the Board of Directors of Wing Bank and CEO of the Royal Group of Companies. Representatives from Singapore Airlines included Bryan Koh, Divisional Vice President, Loyalty Marketing; and Zechariah Chai, Regional Manager, KrisFlyer Partnerships; and Berlinda Yong, General Manager of Singapore Airlines in Cambodia. Starting today, Wing Bank customers can seamlessly convert their WingPoints into KrisFlyer miles, unlocking new possibilities for travel and lifestyle benefits. This strategic collaboration reflects both organizations' commitment to enhancing customer experience and promoting digital financial ecosystems. Bridging two trusted platforms—Cambodia's leading digital bank and one of the world's most respected airlines—the partnership empowers users to turn everyday banking and Wingmall purchases into global travel opportunities. KrisFlyer miles earned through this program can be used to offset airfares with Singapore Airlines or redeemed for products from KrisShop's extensive omni-channel catalogue. "This is more than a rewards upgrade—it's a gateway to global connectivity," said Dr. Dmytro Kolechko, CEO of Wing Bank. "As a proud Cambodian institution, we're thrilled to offer our customers the chance to transform local spending into international experiences." The redemption process is simple and fully integrated within the Wing Bank App. Users can tap on 'Earn WingPoints' and select 'Redeem KF Miles' to convert points into miles and instantly enjoy benefits across both ecosystems. As a launch bonus, customers will receive 1,000 WingPoints for every successful conversion. To celebrate the launch, Wing Bank users can enjoy an exclusive travel promotion with Singapore Airlines. From August 13 to September 2, 2025, eligible travelers booking round-trip fares from Phnom Penh to Singapore will receive a 5% discount by entering the promo code SQWING25 during booking. The travel period for this special offer runs from August 13 to October 31, 2025, giving passengers ample time to plan their visit. The offer is subject to availability. This partnership marks a significant step forward in regional travel and financial innovation—bringing greater value, convenience, and global access to Cambodian consumers.
Finextra
7 days ago
- Business
- Finextra
Cambodia's Wing Bank issues 2-in-1 combined debit and credit card
Wing Bank (Cambodia) Plc has revolutionised Cambodia's payments landscape with the launch of the Wing Bank Mastercard One Card, the country's first two-in-one debit and credit card. 0 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.'
Korea Herald
06-08-2025
- Business
- Korea Herald
Wing Bank and Royal Group of Companies Launch Foundation for Refugee Assistance Amid Border Crisis
SINGAPORE and PHNOM PENH, Cambodia, Aug. 6, 2025 /PRNewswire/ -- In response to the intensifying humanitarian situation along the Thai Khmer border, Wing Bank and the members of Royal Group of Companies have jointly established the Foundation for Refugee Assistance, a long-term initiative designed to support Cambodian families displaced by ongoing conflict. On August 2–3, the first wave of aid was delivered to Wat Kiri Toul Andet, a refugee camp in Preah Vihear Province currently sheltering over 700 children and their families. The mobilization effort commenced on August 1, with volunteers assembling at the Royal One parking lot to sort and prepare donations. The operation was led by Royal Group of Companies representatives Mr. Shanghai Lao, Mr. Phakdey Vattanak, and Ms. Sotheary Van, alongside Wing Bank Deputy CEO Mr. Bunthe Hor and a dedicated logistics team. Despite rising security concerns, the mission proceeded as planned. On August 3, four truckloads of essential supplies reached the camp. Additional aid was also delivered to frontline personnel with support from Cellcard, a Royal Group subsidiary. The Foundation was established by Neak Oknha Kith Meng and Lok Chumteav Neak Oknha Mao Chamnan, with full backing from the members of the Royal Group of Companies. Eight donation booths have been installed across their offices in Phnom Penh to collect monetary and in-kind contributions. "Many homes were destroyed along the borders," said Phakdey Vattanak, Group Chief Relationship Officer of the Royal Group. "Even when the fighting ends, these families may have nothing to return to. They will need time, tools, and support to rebuild their lives. The Foundation is here to be that support—for the long haul." "In times of crisis, unity becomes our greatest strength," said Shanghai Lao, Division Chief People & Culture Officer. "While the conflict may take time to resolve, families are suffering now. They cannot wait. And we cannot look away," added Bunthe Hor, Deputy CEO of Wing Bank. "This is a moment for all Khmer—wherever we live—to act as one. Donations aren't just helpful—they're life-saving." How to Donate: Cambodians living overseas can contribute directly to the Foundation for Refugee Assistance through Wing Bank's international partners, including Gmoney, E9Pay, and Hanpass in South Korea; City Express and JME in Japan; and Western Union and MoneyGram in other countries. To donate, users simply select "Account Transfer" on their mobile app, enter "Foundation for Refugees Assistance", input the donation amount, and confirm the transaction. All donations are securely managed and transparently distributed to ensure timely aid reaches those in need—both now and in the months ahead. Wing Bank and Royal Group extend their heartfelt appreciation to all donors—individuals, organizations, and communities near and far—who have already stepped forward with generosity and compassion. Among these heroes are students sacrificing their lunch money, street vendors offering portions of their daily earnings, and even disabled veterans who gave what little they could spare. Their actions speak louder than words. Their selflessness is a powerful reminder that kindness knows no boundaries, and that real change begins when we each take responsibility for one another.
Korea Herald
02-06-2025
- Business
- Korea Herald
CIMB Singapore and Wing Bank Forge Strategic Partnership to Boost Cross-Border Financial Services Between Singapore and Cambodia
SINGAPORE and PHNOM PENH, Cambodia, June 2, 2025 /PRNewswire/ -- CIMB Singapore and Wing Bank (Cambodia) Plc have entered a strategic partnership through a Memorandum of Understanding (MoU) to enhance cross-border financial services and deepen economic collaboration between Singapore and Cambodia. This partnership represents a significant milestone in strengthening financial connectivity within ASEAN, leveraging CIMB Singapore's regional expertise and Wing Bank's local leadership to serve a broad spectrum of clients—from commercial enterprises and SMEs to high-net-worth individuals. "Teaming up with CIMB Singapore allows us to bring world-class financial solutions to our customers while deepening Cambodia's economic integration with Singapore," said Dr. Dmytro Kolechko, CEO of Wing Bank. "This marks a pivotal step toward greater financial inclusion and cross-border opportunity." The alliance combines CIMB Singapore's extensive regional expertise from its Singapore hub with Wing Bank's deep-rooted presence in Cambodia, aiming to deliver seamless financial solutions for commercial banking clients, SMEs, and high-net-worth individuals. Victor Lee Meng Teck, CEO of CIMB Singapore and CEO of Growth Markets, added: "Our collaboration with Wing Bank reflects CIMB's commitment to advancing financial inclusion and economic progress across ASEAN. Together, we will unlock new value for customers and strengthen the Singapore-Cambodia financial corridor." The collaboration will deliver seamless, tailored banking solutions, including deposits, loans, remittances, and trade finance to support growing demand from cross-border businesses. A key focus is to empower Cambodian SMEs, which form the backbone of Cambodia's economy—accounting for 98% of businesses, 70% of employment, and 58% of GDP. In 2024, Cambodia-Singapore trade surged to USD 103 million according to General Department of Customs and Excise of Cambodia--an impressive growth of 101% year-on-year, and a clear sign of intensifying economic synergy. This partnership will further streamline financial services, enabling smoother cross-border transactions and business growth. For high-net-worth individuals, the partnership will leverage CIMB Singapore's hub—a leading ASEAN wealth management center—alongside Wing Bank's local market expertise to offer sophisticated investment and wealth management solutions tailored to Cambodia's evolving financial landscape. This landmark alliance sets the stage for a new era of Singapore-Cambodia financial integration, driving innovation, inclusion, and sustainable growth. By bridging two dynamic economies, CIMB Singapore and Wing Bank are paving the way for a more interconnected and prosperous ASEAN future.
Yahoo
02-06-2025
- Business
- Yahoo
CIMB Singapore and Wing Bank Forge Strategic Partnership to Boost Cross-Border Financial Services Between Singapore and Cambodia
SINGAPORE and PHNOM PENH, Cambodia, June 2, 2025 /PRNewswire/ -- CIMB Singapore and Wing Bank (Cambodia) Plc have entered a strategic partnership through a Memorandum of Understanding (MoU) to enhance cross-border financial services and deepen economic collaboration between Singapore and Cambodia. This partnership represents a significant milestone in strengthening financial connectivity within ASEAN, leveraging CIMB Singapore's regional expertise and Wing Bank's local leadership to serve a broad spectrum of clients—from commercial enterprises and SMEs to high-net-worth individuals. "Teaming up with CIMB Singapore allows us to bring world-class financial solutions to our customers while deepening Cambodia's economic integration with Singapore," said Dr. Dmytro Kolechko, CEO of Wing Bank. "This marks a pivotal step toward greater financial inclusion and cross-border opportunity." The alliance combines CIMB Singapore's extensive regional expertise from its Singapore hub with Wing Bank's deep-rooted presence in Cambodia, aiming to deliver seamless financial solutions for commercial banking clients, SMEs, and high-net-worth individuals. Victor Lee Meng Teck, CEO of CIMB Singapore and CEO of Growth Markets, added: "Our collaboration with Wing Bank reflects CIMB's commitment to advancing financial inclusion and economic progress across ASEAN. Together, we will unlock new value for customers and strengthen the Singapore-Cambodia financial corridor." The collaboration will deliver seamless, tailored banking solutions, including deposits, loans, remittances, and trade finance to support growing demand from cross-border businesses. A key focus is to empower Cambodian SMEs, which form the backbone of Cambodia's economy—accounting for 98% of businesses, 70% of employment, and 58% of GDP. In 2024, Cambodia-Singapore trade surged to USD 103 million according to General Department of Customs and Excise of Cambodia--an impressive growth of 101% year-on-year, and a clear sign of intensifying economic synergy. This partnership will further streamline financial services, enabling smoother cross-border transactions and business growth. For high-net-worth individuals, the partnership will leverage CIMB Singapore's hub—a leading ASEAN wealth management center—alongside Wing Bank's local market expertise to offer sophisticated investment and wealth management solutions tailored to Cambodia's evolving financial landscape. This landmark alliance sets the stage for a new era of Singapore-Cambodia financial integration, driving innovation, inclusion, and sustainable growth. By bridging two dynamic economies, CIMB Singapore and Wing Bank are paving the way for a more interconnected and prosperous ASEAN future. For more information, please visit: View original content to download multimedia: SOURCE Wing Bank (Cambodia) Plc
