Wing Bank (Cambodia) Plc: Outstanding Leadership in Driving Cashless Economy & Best Social Impact Bank Cambodia 2024

Wing Bank (Cambodia) Plc is transforming Cambodia’s financial landscape, championing the move to a cashless economy while delivering measurable social impact. The bank processes over $50bn annually, surpassing the nation’s GDP of $24bn, with year-on-year growth of 12 percent. It facilitates 38 million transactions monthly through its digital platform, growing at 31 percent per year, demonstrating its role in accelerating financial inclusion. Wing Bank collaborates with the Cambodian government to distribute critical social funds to over 2.5 million households, supporting vulnerable groups such as pregnant women and individuals impacted by inflation and the after-effects of COVID-19. These funds, disbursed through Wing’s network of 11,000 agents, reach even remote areas. Notably, 80 percent of the agents are women, many of whom are housewives generating income to support their families. The bank drives economic empowerment through its e-commerce platform, connecting SMEs to markets and providing collateral-free microloans, ensuring operational growth and resilience. This approach supports local entrepreneurs and contributes to reducing poverty in Cambodia. By streamlining financial transactions and empowering small businesses, Wing Bank modernises Cambodia’s economy. Its contributions extend beyond finance, strengthening communities, reducing inequality, and supporting sustainable development. Through its leadership and ongoing commitment to innovation, Wing Bank continues to set benchmarks in cashless payments and financial accessibility. The CFI.co Judging Panel congratulates Wing Bank on winning the 2024 award for Outstanding Leadership in Driving Cashless Economy & Best Social Impact Bank (Cambodia).