Indonesians in Singapore can now use their mobile phones to send money directly to the bank accounts of family and friends in their homeland through SingTel's mRemit service.
This was announced by the Singapore telecom giant, SingTel.
From 27 July, funds can be remitted to more than 80 Indonesian banks, including Bank Danamon, Bank Negara Indonesia and Bank Mandiri, the telecom company said in an announcement today.
Once successfully transmitted, recipients will have access to transferred funds within three minutes.
As a launch promotion, fees for mobile remittance transactions to Indonesia will be waived until 31 August 2014, said SingTel in its statement.
"We are delighted to extend the convenience and flexibility of mRemit to the 180,000 Indonesians who currently call Singapore home," said Johan Buse, SingTel's Vice President of Consumer Marketing. "With mRemit, customers need not queue for hours at traditional over-the-counter remittance outlets, as they have the flexibilty to initiate transfers at any time through their mobile phones. This is particularly useful for workers who have very few days off or work irregular hours."
Since its launch in 2012, mRemit has offered mobile remittances to the Philippines.
mRemit is available to subscribers of all mobile networks, and is compatible with both smartphones and feature phones.
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