Wing Bank's 2-in-1 Mastercard innovatively reshapes the payment sector in Cambodia

Wing Bank (Cambodia) Plc has made a significant stride in the country's digital transformation, launching the Wing Bank Mastercard One Card - the first two-in-one debit and credit card in Cambodia [1]. This innovative payment solution, developed in partnership with Mastercard and powered by Compass Plus Technologies, is designed to simplify financial management, enhance security, and offer greater flexibility [1].

The Mastercard One Card is available in two versions: Platinum and Gold [1]. Key features and benefits include:

Dual Debit and Credit Functionality: Users can access both debit and credit accounts through the Wing Bank app, offering flexibility and convenience [2][3].
Numberless Design: For enhanced security, the card does not display card numbers physically, reducing the risk of card information theft or fraud [2].
High Credit Limits: The Platinum version offers credit limits up to USD 50,000, while the Gold version offers limits up to USD 5,000 [1][2].
Travel Advantages: Both versions provide airport lounge access and come with comprehensive travel insurance to protect cardholders during travel [1][2].
Interest-Free Grace Period: Users can enjoy up to 55 days of interest-free credit, supporting better cash flow management [1][2].
Fee Waivers: Annual fees are waived for the first year and can also be waived in subsequent years if qualifying transactions are met, enhancing affordability [1][2].
Integration with Digital Banking: The card is embedded within Wing Bank’s digital ecosystem, supporting seamless financial management via the app and aligning with Cambodia’s digital payment growth [1][2].

Igor Simonov, Associate VP, Account Director, and Regional Sales Director at Compass Plus Technologies, expressed pride in supporting Wing Bank in bringing the One Card to Cambodia [4]. Dr. Dmytro Kolechko, CEO of Wing Bank, reiterated the bank's commitment to pushing the boundaries of digital payments to provide customers with world-class financial solutions [5]. The One Card was created in response to customer demand for a more convenient way to access both their own funds and credit in a single solution [6].

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 [7]. The sleek, numberless design of the card further adds to its appeal, ensuring a seamless user experience [6]. With the Wing Bank Mastercard One Card, Mastercard's global expertise and Compass Plus Technologies' advanced payments technology are being used to bring the future of digital payments to Cambodia [8].

References:

[1] Wing Bank (2022). Wing Bank Mastercard One Card. Retrieved from https://www.wingmoney.com/en/cards/mastercard-one-card

[2] Wing Bank (2022). Mastercard One Card - Benefits & Features. Retrieved from https://www.wingmoney.com/en/cards/mastercard-one-card-benefits

[3] Mastercard (2022). Mastercard One Card. Retrieved from https://developer.mastercard.com/us/en/products/cards/mastercard-one-card/

[4] Compass Plus Technologies (2022). Compass Plus Technologies and Wing Bank Launch One Card in Cambodia. Retrieved from https://www.compassplus.com/news/compass-plus-technologies-and-wing-bank-launch-one-card-in-cambodia/

[5] Wing Bank (2022). Dr. Dmytro Kolechko, CEO of Wing Bank, on the Launch of the One Card. Retrieved from https://www.wingmoney.com/en/news/dr-dmytro-kolechko-ceo-of-wing-bank-on-the-launch-of-the-one-card

[6] Wing Bank (2022). The Story Behind the Wing Bank Mastercard One Card. Retrieved from https://www.wingmoney.com/en/news/the-story-behind-the-wing-bank-mastercard-one-card

[7] Wing Bank (2022). Strong Demand for the Wing Bank Mastercard One Card. Retrieved from https://www.wingmoney.com/en/news/strong-demand-for-the-wing-bank-mastercard-one-card

[8] Mastercard (2022). Mastercard and Compass Plus Technologies Partner to Bring Future of Digital Payments to Cambodia. Retrieved from https://newsroom.mastercard.com/cambodia-compasplus/mastercard-and-compass-plus-technologies-partner-to-bring-future-of-digital-payments-to-cambodia/

Wing Bank's 2-in-1 Mastercard innovatively reshapes the payment sector in Cambodia