Wednesday, 21 January 2009

What's New: ANZ launch

The Phnom Penh Post

Written by Sebastian Strangio
Wednesday, 21 January 2009

The Australia and New Zealand Banking Group (ANZ) launched a new mobile banking service, which company representatives say will open up new avenues into Cambodia's traditional cash economy. Known as WING, the service will allow customers to make person-to-person payments and transfers from their mobile phones. "WING will help improve people's livelihoods and reduce poverty by increasing their access to banking services," ANZ CEO Mike Smith said during WING's launch Tuesday. Mobile banking - also known as M-Banking or SMS Banking - has already taken root across the developing world, and Citibank introduced a similar system in the United States in mid-2007.

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