WING is a new business initiative that is being sponsored by Australia & New Zealand Banking Group Limited (ANZ). The WING vision is “Making Money Fair” by providing every Cambodian with a secure means to move money, save money and make payments affordably and quickly, wherever, whenever, every time. In Cambodia, there is a limited ability for the poorest in the community to save money, or transfer to family members. WING will provide this segment with the ability to carry out these functions. WING will provide payment services to the segment of the population not traditionally banked in Cambodia. In Cambodia, this equates to approximately 7-8 million. In a country of close to 14 million people, only ~500,000 currently have a bank account. WING will launch in Cambodia in October 2008, and will initially target the domestic remittance flows of garment workers to provincial locations in Cambodia.
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