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TODAY, people are paying up to 3% more in fees every time they remit money out of Malaysia with traditional money transfer channels.
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.
Celcom Axiata Bhd, the first and foremost mobile telecommunications provider in the country, is offering its customers the convenience of using mobile phones to remit money to family and friends via a remittance service called Doowit.
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BEING one of the biggest Asian telecommunications companies with operations across ten countries, Axiata Group Bhd has flexed its muscles to firm its grip on the Cambodian market. It is present in Malaysia, Indonesia, Sri Lanka, Bangladesh, Cambodia, India, Singapore, Iran, Pakistan and Thailand.