SingTel offers first mobile remittance service for Indonesians

Operations began last Sunday.

mRemit, SingTel’s mobile remittance service, gained 25,000 users in Singapore when it launched in 2012 to service Filipinos. Now, the company is partnering with more than 80 Indonesian banks to cater to almost 180,000 Indonesians living in Singapore.

According to a release by SingTel, mRemit allows customers to save time and energy by initiating transfers at any time through their mobile phones, a convenience that the company deems particularly useful for workers who have very few days off or work irregular hours. The company claims that recipients will have access to transferred funds within three minutes of a successful transaction.

Top Indonesian banks like Bank Danamon, Bank Negara Indonesia and Bank Mandiri have already partnered with SingTel. As a launch promotion, fees for mobile remittance transactions to Indonesia will be waived until 31 August 2014.

mRemit is available to subscribers of all mobile networks, and is compatible with both smartphones and feature phones.

Also Read

ESR-LOGOS secures $225m and JPY15.5b sustainability-linked term loans

Singapore leads SEA in FinTech funding

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit