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Maybank eyes RM3.37b total remittance

July 10, 2012

KUALA LUMPUR: Malayan Banking Bhd (Maybank) projects a total remittance of RM3.37 billion from its Maybank Money Express (MME) service this year, up from last year’s RM2.6 billion.

Executive vice-president and head of cards, wealth, payment and community financial services, Dexter Tan Beng Kong, said the growth would be riding on the current sustainable economic growth and increased number of foreign workers in the country.

“The service enables Malaysians and migrants to remit cash to 10 countries across the region, including Malaysia, Indonesia, the Philippines, Nepal, Vietnam, Cambodia, India, Pakistan, Myanmar and Brunei,” he told a press conference after the launch of the remittance partnership between Maybank and Digi Telecommunications Sdn Bhd, the DiGi SendMoney.

Tan said the collaboration essentially provides their customers more access points as well as longer operating hours to send money at their convenience.

“By year-end, we hope to bring this service to Oman, Papua New Guinea and Bangladesh.

“We are also eyeing to penetrate the China and Thailand markets, through smart partnerships with local agencies there, by the first quarter next year,” he added.

Digi head of financial services, Galvin Yeo, said the partnership enables customers to capitalise on the 478 MME outlets as well as the 23 DiGi centres in Malaysia.

Yeo said the telecommunications company, which has recently established three DiGi Centres here, plans to see through the successful completion of its existing centres before setting up new ones.

The DiGi SendMoney service would facilitate money transfer for DiGi and non-DiGi customers in an easy, safe and rewarding manner.

– Bernama


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