Wing launches mobile payment platform

Cashless payment service provider Wing Specialised Bank launched a new e-wallet last week that allows customers to use their mobile phones for transactions, according to a press release on Friday.

Called WingPay, the service is now available for use at over 20,000 merchant partners in the Kingdom, ranging from tuk-tuks and street vendors to large retail outlets.

It allows customers to transfer funds and pay bills using either smartphones or conventional cell phones. Non-smart phone owners can simply dial a payment code to initiate a transaction.

Wing’s CEO Jojo Malolos said cashless solutions will someday account for the majority of payments in Cambodia as almost half the population owns a mobile device.

“[WingPay] allows everyone to do many things without the need to carry physical cash or waiting for small bills from the merchants,” said Malolos.

Read more...