July 22, 2014
Indonesians received an estimated $7.6 Bn in remittances in 2013, an increase of 5% over the previous year, according to the World Bank. On 21st July 2014, online money
WorldRemit is delivering money transfers for a connected world and increasingly that means Mobile Money, stated Ismail Ahmed, founder and CEO of WorldRemit, in a press release. 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.
o Registered Indosat Dompetku account holders will now receive the money on their mobile devices a few minutes after it is sent through WorldRemit.
o The balance can then be used to make mobile payments or withdrawn as cash at over 50,000 locations, including ATMs.
o 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.
o This is all thanks to a groundbreaking interoperability deal struck by the three operators in 2013.
o The agreement led industry body the GSMA to call Indonesia a mobile money market
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, added Ismail Ahmed, in the same release.
About the company:
WorldRemit is an online service that enables people to 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
The service is available in 35 countries and sends to more than 100 destinations. In March 2014, WorldRemit received $40 Mn in funding