Australia and New Zealand Banking Group (ANZ) has sold its Cambodian mobile payments company WING to Inter Logistics, parent company of the Mobile Refresh payments business.
WING, launched in January 2009, offers transactions in both USD and KHR and is accessible through a nationwide service across six mobile network operators in Cambodia. ANZ CEO South and South East Asia Mark Robinson said that they are proud to have established WING as the first mobile payments service for Cambodia. It has attracted over 350,000 customers, bringing them access to financial services previously unavailable.
"As we are increasingly focusing ANZ Cambodia on the corporate and upper end retail segments however it makes greater sense for WING to join with Mobile Refresh given its demonstrated track record and ongoing investment in mobile payments," added Robinson.
The transaction is not material to ANZ and the sale terms are confidential.
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