MOBILE money-transfer service WING intends to expand its business to enable customers to pay utility bills and make loan repayments through their phones, its managing director said Thursday. Speaking after the launch of the company’s Social Impact Report, held at the Australian Embassy in Phnom Penh, Brad Jones told the Post: “We see microfinance institutions (MFIs) in Cambodia as an evolving growth area.” He said he hopes to work with MFIs to enable customers to pay off loans, pay electricity bills, and eventually disburse loans through the technology. He ruled out moving into taking deposits in the future, but said the business would help MFIs to use the system to develop services. WING, which is a wholly-owned subsidiary of ANZ Bank, works with Mfone, Hello, qb and Smart Mobile to allow people to make payments though mobile phones.
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