Malaysia, 3 December 2014 – In Southeast Asia, based on research released by the World Bank, Indonesia ranks third in terms of receiving remittances from citizens working overseas. The first and second rank is occupied by the Philippines and Vietnam. And one of the biggest contributors in terms of remittances to Indonesia is workers in Malaysia. The amount of remittances from Malaysia to Indonesia is ranked among the countries where other Indonesian Workforce work. Therefore, the money transfer service business thrives in Malaysia because of its enormous potential.
Seeing the magnitude of the opportunity, Hong Leong Islamic Bank, one of the largest banks in Malaysia interested to take part in the business remittances, especially remittances from Malaysia to Indonesia. The target set by Hong Leong Islamic Bank is not half-hearted, they hope to send transactions of 100 Million ringgit Malaysia in 2015.
To achieve these targets, Hong Leong made a breakthrough in terms of remittances to Indonesia. If during this time the Indonesian workers who will send money should come to the place of remittance, fill out the remittance form, and the process of remittances then made by the officers in the place, then the breakthrough made by Hong Leong is to send money through Hong Leong then Indonesian citizens who intend to send money to his family in Indonesia can be done alone without the need to come to the kaunter, without the need to fill out the form, and without the need to queue. The money transfer process is completed in just 8 steps and the maximum money transfer time is 8 minutes to Indonesia, easy, safe and fast. This services namelyExpress Remit and can do through Cash Deposit Machine (CDM) in Grapari Telkomsel Chow Kit.
Express Remit Service by Hong Leong Islamic Bank data is realized through the solid cooperation between Hong Leong Islamic Bank, Encap and PT. Finnet Indonesia which is a subsidiary of Telkom Indonesia. Finnet Indonesia plays a role in providing cash outlets, places where recipients of remittances in Indonesia can take money that has been sent by their families from Malaysia.
Initial stage, the location of money making there are as many as 5000 locations in the plaza of Telkom and the pawnshop. In the future, this location will increase to 20 thousand locations by joining Alfamart and BPR KS which is currently in the final preparation stage to be able to provide such services. Telin Malaysia itself serves as a representative of Finnet Indonesia in Malaysia, and in the next stage Telin Malaysia's phone number can be used as a virtual account for customers so that later when they will send money to Indonesia simply done via mobile phone, anywhere, anytime.
Express Remit is officially launched on December 3, 2014, conducted directly by Hong Leong Islamic Bank CEO King Teh Maimunah King Abdul Aziz. The event was also attended by Economic Attaché Embassy Hendra Pramana, Vice President of Business Service of Telkom Indonesia Ilmianto, Finance and Administration Director of Finnet Indonesia Rubein Amara, Director of Operation and Infrastructure Finnet Indonesia Erman Suherman, and CEO of Telin Malaysia Oki Wiranto.
Hopefully the increased cooperation of KartuAs Malaysia and Express Remit could make it easier for Indonesian citizens residing in Malaysia to send money to their families in Indonesia. KartuAs for us!!