Mastercard and Wing Limited Specialised Bank (Wing), a Cambodian mobile banking services provider, have rolled out a new virtual prepaid card in the country.
Dubbed Wing Online Mastercard, the new virtual prepaid card can be used in Cambodia at local stores in addition to merchants across globe.
The new card is aimed at giving Cambodian cardholders with an electronic ticket to a global marketplace. It will give users access to a wide array of safe and convenient payment services.
Cardholders can top up their Wing account using the Wing mobile application and can shop at any online store displaying the Mastercard logo. The card can be used in Cambodia with local partners, as well as with merchants around the world.
Wing Limited Specialised Bank CEO Jojo Malolos said: “With the launch of the Virtual Online Mastercard, we are able to offer users flexibility, versatility and simplicity while opening doors to new experiences in Cambodia and beyond. We believe it is the start of transforming the way our customers shop.”
Mastercard country manager for Indochina Arn Vogels said, “In emerging markets like Cambodia, access to safer, more seamless payments systems is key to unlocking inclusive growth.
“Underpinning the government’s agenda to implement a cashless economy, we value working with local partners like Wing to extend the benefits of electronic payments to consumers. Those who previously might have only carried cash now have more inclination to adopt digital payments. This aligns with our commitment to simplify, streamline and secure payments experiences.”
The two companies are also planning to launch physical Wing Prepaid Mastercard later this year.