News

For the 'unbanked', mobile money still has some way to go

Globally, an estimated 2.5 billion people don’t have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the ‘unbanked’ to store cash, manage their accounts, make purchases and send and receive money – part of ...

WHBL News Staff
http://whbl.com/news/articles/2015/mar/05/for-the-unbanked-mobile-money-still-has-some-way-to-go/

Manulife signs on with Wing

Third-party payments provider Wing yesterday penned a deal with Canada-based financial services group, Manulife. According to a joint statement issued by the two companies, Wing customers can now pay their Manulife insurance bills via the company’s mobile payments system.​ ...

Eddie Morton
http://phnompenhpost.com/business/manulife-signs-wing

Remittances dip on exodus

Two of Cambodia’s largest financial service providers have reported declines in transactions stemming from key Thai border provinces as thousands of undocumented migrant workers continue to exit the neighbouring country. Third-party payments and remittance service Wing has seen a 3 per cent decline in the amount ...

Eddie Morton
http://www.phnompenhpost.com/business/remittances-dip-exodus

Electricity provider to offer Wing payments

Electricite du Cambodge (EdC) on Monday announced it will offer customers in Sihanoukville, Battambang and Siem Reap the option to pay their bills via mobile payment provider Wing. EdC and Wing officials signed an agreement on July 1 at the Cambodiana Hotel in Phnom Penh authorising ...

Hor Kimsay
http://www.phnompenhpost.com/business/electricity-provider-offer-wing-payments

Local transfers push Wing revenue

Wing, a growing Cambodian mobile payment and money transfer company, had a better-than-expected 2013. In May, Wing’s CEO Anthony Perkins estimated that the company would reach transaction volumes totaling $1 billion by the end of the year, including domestic remittances, mobile phone top ups, bills and ...

Eddie Morton
http://www.phnompenhpost.com/business/local-transfers-push-wing-revenue

Mfone Files Complaint With Court

The administrator charged with liquidating bankrupt mobile operator Mfone filed a complaint Tuesday with the Phnom Penh Municipal Court, requesting it to order two companies to pay money owed to Mfone after repayment negotiations apparently failed, the administrator said. Mobile payment service WING Cambodia Co. Ltd. ...

Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/business/mfone-files-complaint-with-court-47959/

Telecom CEOs Say Debts to Mfone Are Far Less

Executives at some of the telecommunication firms indebted to bankrupt mobile operator Mfone said Thursday they owe much less than claimed by the company, and will negotiate with Mfone’s administrator to find a resolution before a complaint is filed in court. “We do owe Mfone money, ...

http://www.cambodiadaily.com/business/telecom-ceos-say-debts-to-mfone-are-far-less-34630/

Scammers pose as bank staffers

Acleda Bank is trying to protect its customers from getting bamboozled by a phone scam in which callers allegedly posing as bank employees ask for money transfers in exchange for a prize, according to a statement and ads placed in a local newspaper. An Acleda ...

http://www.phnompenhpost.com/2013070966730/Business/scammers-pose-as-bank-staffers.html

Mobile phones could replace credit cards

Mobile money transfer service WING is preparing to launch a mobile wallet service later this year, and ACLEDA Unity is preparing to expand its own mobile services, enabling people to quickly pay for things just by touching their phone to a point-of-sale terminal. Near-field communications (NFC) ...

http://www.phnompenhpost.com/index.php/2012071257365/Business/mobile-phones-could-replace-credit-cards.html

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