Phnom Penh: On July 16, 2020, Wing Specialized Bank and Morakot Tech Logistics Co., Ltd. Signed a Memorandum of Understanding at the Cambodiana Hotel, collaborating to facilitate microfinance and bank loan collection.
The collaboration between the two private institutions has created a new history in assisting microfinance institutions and banks in the process of collecting loans. Can help reduce their operating costs.
Microfinance institutions and banks throughout Cambodia can use Wing Specialized Bank's financial ecosystem through Morakot Tech Logic Collecting loans that can help reduce their operating costs.
This partnership now allows MFIs and banks to collect their loan payments through Wing's financial ecosystem. By using Morakot Tech Logic's core banking system, which can guarantee convenience and cost management. At the same time, MFI and bank clients can easily choose how to repay their loans through Wing agents. Near the house or through the modern smartphone Wing app that is operating 24 hours and 7 days in 1 week.
Wing Specialized Bank and Morakot Technology Co., Ltd. have the same goal of using digital financial technology for the exchange of financial services in Cambodia in particular Improving the financial environment from the core banking system to mobile banking. Today, the Wing brand is a symbol of security and an affordable payment service trusted by Nearly 10 million users every year.
Less than 5% of microfinance institutions in Cambodia can afford microfinance programs, and most programs are designed only for banks, but Many of them have been adjusted to meet the needs, and those adjustments have made a lot of money for the MFI. MFIs that do not have access to this software, they continue to use the hand-made Excel program. Others even record customer information on paper. Recognizing the challenges of microfinance institutions and banks in managing and allocating credit, both companies have developed operational facilitation programs. And loan decision making faster. And for the past 12 years, Wing has been trusted to provide safe and vigilant operations to Information security. By: CEN