Wing Bank

What Wing Bank does

Wing Bank (Cambodia) Plc. is a Phnom Penh-headquartered digital commercial bank founded in 2008 that originated as the mobile payment service Wing Money before pivoting in 2023 to operate as a full-service commercial bank under the National Bank of Cambodia license (SWIFT code WIGCKHPP). It serves Cambodian consumers, small and medium enterprises (170,000+ merchants), the Cambodian diaspora across roughly 200 countries, agricultural businesses, large enterprises, and government via its 23–27 branches, a 12,000+ agent network, ATMs, and its mobile app (Wing Bank App) supporting 100+ use cases. The product set spans accounts and savings (savings, term deposits, goal-based savings, foreign currency, current and international accounts), lending (car, moto, home, consumer, and instant digital loans up to USD 50,000 with no collateral), cards (Visa, Mastercard, UnionPay across tiered annual fees from USD 50 to USD 999), money transfer (international transfers via 30+ partners including Western Union, MoneyGram, Ria, UnionPay, Weixin and Kasikornbank; SWIFT transfers; local transfers via NCS and Bakong), merchant services (KHQR, POS terminals, Merchant App), payroll (Wing Biz+), trade finance and escrow, plus safe deposit boxes and a savings locker offering.

Wing Bank generates revenue through net interest income on its loan book (rates from 1.34% per month on consumer loans up to 14% p.a. on moto loans and 12% p.a. on car loans), transaction fees on transfers (0.05% local, 0.15% SWIFT commission, USD 3+ international), merchant services across 170,000+ SMEs, card annual and cross-border fees, FX margin, trade finance services, business account fees, and payroll services. The bank's technology stack includes cloud infrastructure, AI-based real-time cybersecurity monitoring, predictive credit analytics that pre-approve approximately 20% of its 10 million registered customers, facial recognition for merchant underwriting, and what the company describes as the world's first large language model trained in Khmer, powering the JibJib chatbot and a Khmer voice chatbot expected by end of 2025. Distribution combines a self-serve mobile app with an agent-led cash-in/cash-out network and a digital-first relationship-manager motion for consumer and home loans.

The go-to-market model is a hybrid of product-led growth through the mobile app (instant account opening, digital loan applications) and a channel-partner agent model where individuals run micro-banking businesses earning from account openings, cash transactions, bill payments, and phone top-ups, with about 80% of agents reported to be women. Wing Bank's go-to-market and product strategy targets financial inclusion, the Cambodian diaspora remittance market, retail lending growth (especially unsecured and vehicle financing), SME working capital, trade finance aligned with GDCE customs clearance cycles, agricultural credit through the CREA Project in five provinces, and government payment integration via the CDC's Online Single Portal (cdcOSP) for public service revenue collection. KHQR cross-border capabilities extend payment acceptance to Vietnam, Laos, and Alipay+ supported wallets, while a partnership network of regional and global correspondents enables inward remittances across the Thai, Vietnamese, Chinese, Korean, Japanese, Malaysian, Singaporean, Australian, and Western European corridors.

Name

Wing Bank

Legal name

Wing Bank (Cambodia) Plc.

Website

https://wingbank.com.kh

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Wing Bank is a Phnom Penh-based digital commercial bank serving Cambodian consumers, 170,000+ SME merchants, and the Cambodian diaspora across 200+ countries via mobile app, 27 branches, and a 12,000+ agent network, offering loans, cards, payments, trade finance, and government payment integration.

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Digital banking services
• Mobile payment platform
• Consumer lending products
• Cross-border remittances
• Merchant payment acceptance

Headquarters

HQ city

Phnom Penh

HQ country

Cambodia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from lending products including car loans (12% p.a., up to 96 months), moto loans (14% p.a., up to 48 months), home loans (7.5% p.a., up to 20 years), consumer loans (starting from 1.34% per month), and digital loans. Interest earned on savings accounts and term deposits.
2. Transaction and Service Fees: Fees from international money transfers (starting from USD 3), local transfers (0.05% of transfer amount), SWIFT transfers (0.15% commission + USD 15 cable fee), card transactions, ATM withdrawals, and various banking services.
3. Card Revenue: Annual fees from credit and debit cards (Visa, Mastercard, UnionPay), cross-border transaction fees (1% of transaction amount), cash advance fees (2% per transaction), and non-USD transaction fees (2.5% of transaction amount).
4. Merchant Services: Transaction fees and service charges from 170,000+ SME merchants using Wing's payment acceptance infrastructure, POS terminals, and merchant app services.
5. Foreign Exchange Services: Margin revenue from currency exchange services, including telegraphic transfers and international remittances. Promotion offering zero-margin FX for qualifying transactions of USD 5,000+.
6. Trade Finance Services: Fees from documentary collections, letters of credit, bank guarantees, trust receipts, trade invoice financing, and accounts receivable financing for business customers.
7. Business Account Services: Payroll processing services, business account maintenance fees, and associated banking services for corporate customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels7 records

Core offering

Wing Bank is a Cambodia-licensed digital commercial bank that delivers retail and business banking through the Wing Bank Mobile App, 27 branches and 12,000+ agents. Its core offering spans savings and foreign-currency accounts, goal-based savings, term deposits, personal and digital installment loans, car/moto/home/consumer credit, Mastercard/Visa/UnionPay cards, local and international remittances to 200+ countries, SME merchant acquiring, payroll processing, business and trade finance, and AI-supported digital services.

Product overview

Wing Bank operates as a digital commercial bank in Cambodia offering a unified platform with the Wing Bank App as its primary digital channel, supplemented by 23 branch offices and 12,000+ agent locations. The product portfolio spans personal and business banking through distinct service clusters: (1) Core Banking via Accounts & Savings, Loans (Car, Moto, Home, Consumer, Digital), and Cards (Visa, Mastercard, UnionPay); (2) Money Transfer including International Transfer to 200+ countries via 30+ global partners, SWIFT transfers, and local transfers via NCS/Bakong; (3) Business Solutions encompassing Merchant Account, Wing Biz+ Payroll, Wing Agent network, Wing POS Terminal, Wing Merchant App, and ZERO FX; (4) Business Lending including Secured/Unsecured Business Loans, Merchant Loan, Agribusiness Loan, and Corporate Payroll Lending; (5) Trade Finance with Letter of Credit, Bank Guarantee, ESCROW, GDCE-aligned programs; (6) Digital Features including Save for a Goal, Wingpoints rewards, WingFlex installments, and AI-powered customer support via JibJib chatbot. The ecosystem serves over 10 million registered customers and 170,000+ SME merchants with over 100 use cases through the mobile app.

Differentiator

Problem solved

Functional benefit

Brands

• Wing Bank App: Primary mobile banking application offering saving, loans, transfers, and payments
• JibJib
• Wingpoints
• WingBiz+
• Wing Merchant App
• Wing Digital Loan
• 0FX
• KHQR Cross-Border
• Save for a Goal
• WingFlex

Products and services

• Wing Bank App Mobile banking application serving as the primary digital channel for all banking services including account management, transfers, payments, loans, and customer support.
• Accounts and Savings Personal banking accounts including International Account, Special Account Number, Foreign Currency Account, Savings Account (tiered interest up to 3% p.a.), Current Account, Save for a Goal, and Term Deposit Account (USD/KHR up to 5.50% p.a.).
• Car Loan Vehicle financing for new and used personal cars with loan amounts from USD 5,000 to USD 100,000, interest from 12% p.a., and terms up to 96 months for new cars and 60 months for used cars, with down payment from 10%.
• Moto Loan Motorbike financing with loan amounts USD 500 to USD 5,000, 14% p.a. interest, terms up to 48 months, no down payment, and no collateral required — only the Vehicle Identity Card.
• Secured Home Loan Residential property financing up to USD 500,000, from 7.50% p.a., terms up to 240 months (20 years), with 3, 6 or 12 month grace period and down payment from 10%.
• Consumer Loan Personal consumption loan up to USD 22,000, term up to 36 months, interest from 1.34% per month, 2% processing fee, no collateral, for customers aged 21–59 at maturity.
• Wing Digital Loan Instant digital lending via the Wing Bank App, borrowing up to USD 50,000 with no collateral or guarantor, instant approval in minutes, and 24/7 availability.
• Wing Bank Mastercard Cards Mastercard debit and credit cards across tiers including Virtual, Numberless, CSS, Platinum, One Card and World, offering global acceptance and benefits such as airport lounge access and travel insurance.
• Wing Bank Visa Cards Visa debit and credit cards across Virtual, Gold, Platinum, and invitation-only Infinite tiers, with global acceptance and lifestyle benefits, and annual-fee waivers through 31-Dec-2026.
• Wing Bank UnionPay Platinum Card Numberless UnionPay Platinum debit card offering daily purchase and cash withdrawal limits of USD 50,000 each, plus 1% cross-border fee, suited to high-spend customers and cross-border use.
• International Money Transfer International money transfer service to 200+ countries via 30+ partners including Western Union, MoneyGram, Kasikornbank, Sacombank-SBR, UnionPay, Weixin, Merchantrade Asia, SBI Cosmoney, FinFan, SentBe and Easy2Sent/2C2P; fees starting from USD 3 with cash pick-up at 12,000+ Wing agents.
• SWIFT International Transfer SWIFT-based international wire transfer service using SWIFT code WIGCKHPP with commission of 0.15% (min USD 15), USD 15 cable fee, and inward remittances through correspondents Crown Agents Bank, CIMB, Vietcombank, KASIKORNBANK and Bank of China (Hong Kong).
• Local Bank Transfers (NCS) Local inter-bank transfers via Cambodia's National Clearing System to 30+ local banks and MFIs including ABA, Acleda, and Sathapana; fees are 0.05% of transfer amount (min USD 5, or KHR 20,000) and 0% during a 2026 promotion.
• Merchant Account and Payment Acceptance Business merchant account enabling SMEs to accept secure digital payments via KHQR and cardless payments with instant settlement, real-time notifications, and access to merchant lending programs up to USD 50,000 without collateral.
• Wing Merchant App Business management application for merchants accepting KHQR and card payments, monitoring transactions in real time, tracking sales, managing outlets and cashiers, and receiving instant Telegram-based transaction alerts.
• Wing POS Terminal Point-of-sale terminal accepting Visa, Mastercard, UnionPay, Wing closed-loop cards, and KHQR, supporting pre-authorization, contactless, and daily settlement for in-store merchants.
• KHQR Cross-Border Payment Acceptance Cross-border QR payment acceptance enabling Wing KHQR merchants to receive international payments from Vietnam, Laos (via participating banking apps), and Alipay+ supported wallets, settled directly in Khmer Riel.
• Wing Biz+ Payroll Service Business payroll solution enabling employers to process salary payments via Wing iBanking with zero processing fees, plus bundled employee benefits such as free cash withdrawals, digital loans, and special savings rates.
• Wing Agent Banking Network Agent network program that allows individuals to operate financial services from their location, including cash-in/cash-out, account openings, bill payments and phone top-ups. Setup capital around USD 6,000; 12,000+ active agents nationwide.
• ZERO FX Service Zero-margin foreign exchange promotional service for eligible retail customers exchanging a minimum of USD 5,000 equivalent at Wing Bank branches during the promotion period.
• Secured Business Loan Collateralized business financing using hard or soft title deeds, with LTV up to 70%, interest from 8.50% p.a., and repayment terms up to 120 months for business or investment purposes.
• Unsecured Business Loan Collateral-free business financing for micro and small enterprises, with loan amounts from USD 500 to USD 500,000 (or KHR equivalent), negotiable interest rates, and flexible repayment terms up to 120 months.
• Wing Merchant Loan Working-capital loan of up to USD 50,000 exclusively for Wing Bank merchants, from 7.5% p.a., no collateral required, flexible repayment up to 36 months, and no early repayment fees.
• Agribusiness Loan (CREA Project) Unsecured agricultural loan of up to USD 200,000 at 8.5% p.a., with no service fee, for climate-smart technology investment in Battambang, Kampong Chhnang, Kampong Thom, Prey Veng, and Takeo provinces.
• Wing Corporate Loan (Payroll Lending) Short-term revolving credit facility for payroll-partner employers up to USD 250,000, valid for up to 12 months, with interest from 9% p.a., supporting bridge financing for salary disbursements.
• Trade Finance Trade finance solutions including Letters of Credit, Bank Guarantees, Documentary Collection, Trust Receipt, Trade Invoice Financing, and Accounts Receivable Financing for importers and exporters.
• ESCROW Service Trust-based secure fund-holding service that protects buyers and sellers by releasing funds only upon condition fulfillment, available in Commercial, Public, Social, Individual, and Financial trust variants.
• GDCE-Aligned Trade Program Program for importers, exporters, and clearing agents to manage duty-payment timing aligned with customs clearance cycles, including a business line of credit and bank guarantee issuance in favor of the General Department of Customs and Excise (GDCE).
• Safe Deposit Box Secure storage service for valuables and important documents with insurance coverage, dual-key access, and 24/7 surveillance, available in small, medium, and large boxes at annual fees from USD 160 to USD 200.
• Wing Visa Infinite Credit Card Invitation-only Visa Infinite credit card in pure metal, with unlimited DragonPass airport lounge access, travel insurance up to USD 1M, up to 1.1% cash back per purchase (capped at USD 500/month), and 55-day interest-free grace period.
• Wing Mastercard World Premium pure-metal Mastercard for VVVIP customers offering unlimited DragonPass airport lounge access, One Night Free hotel program, Southeast Asia golf privileges, identity theft protection, and daily purchase limits of USD 500,000.

Quantifiable outcome

• 20% of 10 million registered customers pre-approved for loans using AI analytics
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

AI capability9 records

Feature6 records

Partnerships

24 partnerships are on record, tiered core and minor.

• CDC (Council for the Development of Cambodia)coreTechnology or Integration · 24 February 2026Digital payment integration connecting Wing Bank's system with CDC's Online Single Portal (cdcOSP) and cdcIPM systems. Enables investors to access QR code payments, mobile banking, and international card payments (Visa/Mastercard) for digital public service revenue collection. CDC's cdcIPM system has been operational since November 2024.
• Western UnioncoreChannel Partner/ Reseller/ DistributorInternational money transfer partnership allowing customers to send and receive funds worldwide through Wing Bank App, locations, and branches. Part of Wing's global transfer network covering 200+ countries.
• MoneyGramcoreChannel Partner/ Reseller/ DistributorPartnership expanding international money transfer services, allowing customers to transfer money from Cambodia via Wing Bank App or at Wing locations to family or business partners globally with fast, secure, and convenient service.
• KasikornbankcoreChannel Partner/ Reseller/ DistributorMoney transfer partnership enabling customers to send money from Cambodia to any bank account in Thailand with $4 per transfer, fast transactions, and favorable exchange rates.
• Sacombank-SBRcoreChannel Partner/ Reseller/ DistributorPartnership with Vietnam's leading remittance company allowing money transfers from Cambodia to Vietnam via bank accounts, cash pickup, or home delivery using USD or VND.
• UnionPaycoreChannel Partner/ Reseller/ DistributorMoney transfer service enabling quick and cost-effective fund transfers to China via UnionPay, available on Wing Bank App. Also provides UnionPay card services.
• WeixincoreChannel Partner/ Reseller/ DistributorPartnership enabling Wing Bank customers to conduct quick, seamless, and cost-effective fund transfers to Weixin users in China for shopping and payments.
• Merchantrade AsiaminorChannel Partner/ Reseller/ DistributorInternational money transfer partnership expanding Wing Bank's global transfer services for customers sending and receiving money worldwide.
• SBI CosmoneyminorChannel Partner/ Reseller/ DistributorReliable transfer service from South Korea to Cambodia. Residents in Korea can send money to loved ones in Cambodia with ease and convenience.
• FinFanminorChannel Partner/ Reseller/ DistributorFintech partnership for international money transfers to Vietnam. Wing Bank customers can send money to all banks in Vietnam from the app.
• SentBeminorChannel Partner/ Reseller/ DistributorTransfer partnership enabling residents in South Korea to send money to Cambodia quickly, simply, and safely through Wing Bank.
• Easy2SentminorChannel Partner/ Reseller/ DistributorTransfer partnership for funds transfer from Thailand to Wing Bank in Cambodia, offering secure and efficient overseas transactions.
• Alipay+coreTechnology or IntegrationCross-border payment integration allowing Wing KHQR merchants to accept payments from international customers using supported global wallets. Part of Wing's international payment expansion strategy.
• NCS (National Cash and Settlement)coreTechnology or IntegrationCore banking infrastructure partnership connecting Wing Bank to 30+ local banks and MFIs for real-time fund transfers within Cambodia.
• BakongcoreTechnology or IntegrationKhmer QR payment system integration enabling Wing Bank customers to transfer money and make payments using QR codes across participating banks in Cambodia.
• MastercardcoreTechnology or IntegrationCard network partnership providing Mastercard credit and debit cards including World, Platinum, Gold, and virtual cards with global acceptance and exclusive benefits.
• VisacoreTechnology or IntegrationCard network partnership providing Visa credit and debit cards including Infinite, Platinum, Gold, and virtual cards with global acceptance and lifestyle benefits.
• DragonPassminorOthersAirport lounge access partnership providing Wing premium cardholders (One Card, Visa Infinite, Mastercard World) unlimited access to airport lounges worldwide through DragonPass network.
• Crown Agents BankcoreTechnology or IntegrationCorrespondent banking partnership for inward remittances supporting THB, SGD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD currencies through UK-based Crown Agents Bank.
• CIMBcoreTechnology or IntegrationCorrespondent bank partnership for USD inward remittances, supporting international fund transfers through Singapore-based CIMB.
• VietcombankcoreTechnology or IntegrationCorrespondent bank partnership supporting USD and VND inward remittances and outward transfers for Vietnam corridor.
• KASIKORNBANKcoreTechnology or IntegrationCorrespondent bank partnership for USD and THB transactions supporting Thailand transfer corridor.
• Bank of China (Hong Kong)coreTechnology or IntegrationCorrespondent bank partnership for CNY transactions supporting China transfer corridor.
• CREA ProjectcoreStrategic or Co-development PartnerClimate resilience agricultural project providing unsecured loans up to USD 200,000 for climate-smart technology investment to eligible agribusinesses in designated provinces.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Tonik Digital Bank: Southeast Asia (Philippines) digital-only neobank focused on retail deposits and consumer lending. Shares Wing's emphasis on mobile-first consumer credit underwriting and alternative data; smaller scale but instructive as a comparable tech-led model.
• GCash (Mynt): Philippines-based consumer e-wallet and emerging neobank with tens of millions of users, deep agent network, and QR-led merchant acquisition. Useful benchmark for how a digital-first, agent-led consumer finance franchise can scale across SEA.

Direct peers

• ABA Bank: Cambodia's largest retail-focused commercial bank and Wing's closest domestic competitor, also operating a mobile-first banking app and large agent network for cash-in/cash-out. Directly comparable on customer target, product mix, and hybrid digital/physical distribution model.
• ACLEDA Bank Plc. Cambodia's largest commercial bank by assets with the deepest nationwide branch and agent footprint, serving SMEs and individuals. Overlaps heavily with Wing on deposit-taking, SME lending, and rural financial inclusion, but is more legacy-branch driven.
• Sathapana Bank: Major Cambodian commercial bank serving retail and SME segments with a comparable mix of deposits, lending, and digital channels. Competes head-on with Wing for the same mass-market Cambodian consumers and SMEs.
• Canadia Bank: Top-tier Cambodian commercial bank with broad retail, SME, and trade finance offerings, established nationwide branch presence. Directly comparable in product breadth and Cambodian-market positioning.
• Prince Bank: Cambodian commercial bank focused on retail and SME lending with growing digital capabilities. Competes with Wing for the same deposit and lending customers within Cambodia.

Broad incumbents

• Kasikornbank (KBank): Thailand's largest retail/SME digital bank and an active Wing partner for the Cambodia-Thailand corridor. Wider regional remit but overlapping capabilities in mobile banking, SME lending, and cross-border QR/remittance integration.
• DBS Bank: Singapore-headquartered regional incumbent widely seen as Southeast Asia's benchmark for digital banking. Overlaps with Wing on digital-first retail banking, payments, and SME credit, but operates at much larger scale and across multiple SEA geographies.

Regional players

• Hong Leong Bank: Malaysian commercial bank with a strong digital and community-banking franchise and regional SEA ambition. Comparable on retail deposit-taking, card issuance, and SME lending, though focused on Malaysia rather than Cambodia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/WingBankKH
• LinkedInlinkedin.com/company/wing-bank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wing Bank