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Merchantrade target RM4.1b remittance transactions in 2015



KUALA LUMPUR: Merchantrade Asia Sdn Bhd, Malaysia's largest non-bank licensed remittance and money exchange service provider, has target an estimated RM4.1 billion in remittance transactions in 2015.

Managing Director Ramasamy Veeran said in 2013, the company recorded RM2.3 billion remittance transactions, while last year the figure was RM3.2 billion.

"Merchantrade, established in 1996, has a strong touchpoint coverage throughout Malaysia.
"It currently serves 500,000 walk-in customers monthly, making it six million customers a year at the 66 branches and 258 agent locations in the country," he told Bernama.

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