In a statement today, the London headquartered digital money transfer company said the new service will enable migrants in Malaysia to transfer money to over 140 countries as easily as sending an instant message, using the WorldRemit app or website. It said the move sees WorldRemit expanding its presence in Asia significantly to include Malaysia, Singapore, Hong Kong and Japan as send countries. According to the World Bank, remittances sent from Malaysia play an important role in other regional economies – just under US$6 billion was sent in 2015, with key recipients include the Philippines, Thailand, Vietnam, Indonesia. Last month, WorldRemit announced a global integration with Google’s Android Pay, followed by a partnership with Huawei’s mobile money platform across Africa. The company currently handles 74 per cent of all international remittances sent from money transfer operators to mobile money accounts, and is connected to over a fifth of all mobile money accounts globally.

Source: New Strait Times September 20, 2017 02:37 UTC