Merchantrade Asia’s eRemit funds transfer for B2B market to grow on robust demand

eRemit promises ease of doing business, effective financial transactions and secure money transfers - all at competitive rates.

Banking on its extensive and strong global e-payment platform, Merchantrade Asia is upbeat on the prospects of its eRemit money transfer service, targeting businesses moving forward.

Synonymous with trust and customer satisfaction, Merchantrade Asia projects its total customers to increase significantly by 60% in 2018, catalysed by its innovative eRemit service.

With the trans-borders remittance service in place, small and medium enterprises (SMEs) now have less to worry about and more reasons to smile.

After all, eRemit, which is Malaysia’s first online business-to-business (B2B) non-bank portal for local SMEs, promises ease of doing business, effective financial transactions and secure money transfers - all at competitive rates.

Being one of the country’s leading remittance companies, Merchantrade Asia introduced the eRemit Business service in Feb this year and it has since garnered strong market presence in the SME segment.

One of Merchantrade’s signature outlets in Pavilion. Merchantrade operates at 84 outlets including high end malls with more than 400 agent locations across Malaysia.

Within just eight months since its introduction, eRemit Business now serves hundred over companies nationwide, spanning over various industries such as trading, manufacturing and the services sectors.

The eRemit Business service comes as a much-needed solution for SMEs that require instant money transfer service, regardless of any location of the recipients.

With eRemit Business, SMEs can now remit up to a whopping RM10mil per day and able to deliver fast as compared to other money transfer options in the market. 

For local businesses aiming to penetrate thriving foreign markets, eRemit Business offers the option to transfer funds to over 200 countries worldwide. This is made possible by Merchantrade Asia’s large service network globally, either via cash pick-ups or account credits.

Apart from the eRemit service which caters to the remittance needs of the industries, Merchantrade Asia also offers the eRemit Individual service.

Launched in 2012, the person-to-person service is currently serving thousands of individuals.

eRemit Individual, which sees thousands of transactions per month on average, is tailored to serve remittance needs of expatriates in Malaysia, employers of domestic helpers, migrant workers and local parents with children studying abroad.

Via eRemit Individual, clients can transfer funds worth up to RM50,000 almost instantaneously in a single transaction.

e-Remit business offers transfer of funds to over 200 countries.

 

Merchantrade Asia’s years of experience in the payout network, has garnered immense support and trust from its long list of clientele.

One of them is Scope International (M) Sdn Bhd senior manager Krishnan Balasubramaniam.

“I am really impressed with the service, quick response, even on a Sunday. Even multinational corporations do not reply this fast on any queries. 

“Merchantrade Asia should be applauded for treating and responding to its customers politely and clearly. I must say that I look forward to do business with Merchantrade Asia again in future,” he said.

Another regular eRemit user consultant Raghavan Vijay Raj opines that Merchantrade Asia’s services are well-tailored to meet the needs of the customers.

“Over the years, I have been dealing with customer care services of various organisations. However, my experience has run the entire range of frustrations from the average to the abysmal.

“In the midst of such organisations, eRemit comes as a breath of fresh air. I wish to express my appreciation to Merchantrade Asia on the user-friendliness of its website and for fulfilling the transactions promptly as promised,” stated Raghavan.

The testimonials are just a few of the many satisfied clients of Merchantrade Asia. Buttressed by the strong supports from its customers and ever-growing remittance transaction volume, Merchantrade Asia’s eRemit service is on track to hit RM800mil in total transaction value this year alone.

Merchantrade is MDEC’s GAIN Programme Partner (Global Acceleration Innovation Network).

Download the eRemit app now available on Apple Store and Google Play. More details on eRemit log on to www.eremit.com.my. For information on Merchantrade Asia’s other services head over to www.mtradeasia.com.

This article is brought to you by Merchantrade.