WorldRemit launches transfers to Indosat Dompetku Mobile Money in Indonesia
Registered Indosat Dompetku account holders will receive the money on their phone within minutes of it being sent through WorldRemit. The balance can then be used to make mobile payments or withdrawn as cash at more than 50,000 locations, including ATMs.
WorldRemit’s founder and CEO, Ismail Ahmed welcomed the service, saying: “WorldRemit is delivering money transfers for a connected world and increasingly that means Mobile Money. Indonesia has embraced this technology and we are happy that our customers can now take advantage of the speed and convenience that Indosat’s Dompetku service offers.
“Money sent from overseas is an important part of life for many people in Indonesia and WorldRemit provides the widest range of ways to receive it – from bank transfer and cash pickup to mobile airtime top-up and now Mobile Money.”
Indosat Dompetku account holders who have received money through WorldRemit can also make payments to people who use Telkomsel TCash and XL Tunai Mobile Money, thanks to a ground-breaking interoperability deal struck by the three operators in 2013. The agreement led industry body the GSMA to call Indonesia “a mobile money market to watch closely.”
Indonesians received an estimated $7.6bn of remittances in 2013, an increase of 5% over the previous year, according to the World Bank.
WorldRemit is an online service that lets people send money to friends and family in other countries. Customers can use WorldRemit anywhere, anytime on their computer, smartphone or tablet.
For those receiving money, WorldRemit offers a range of options including bank deposit, cash collection, Mobile Money, and mobile airtime top-up.
With low fees and guaranteed exchange rates, WorldRemit is bringing fair, transparent pricing to the money transfer industry.
The service is available in 35 countries and sends to more than 100 destinations.
In March 2014, WorldRemit received $40m funding from Accel Partners.
WorldRemit’s global headquarters are in London, UK with regional offices in USA, Canada, Australia, New Zealand and Hong Kong.
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