News: SingTel launches first mobile remittance service for instant fund transfers to Indonesia

For the first time, Indonesians in Singapore will be able to enjoy the convenience of using their mobile phones to send money directly to the bank accounts of family and friends in their homeland, thanks to SingTel’s mRemit service. From 27 July (today), funds can be remitted to more than 80 Indonesian banks, including Bank Danamon, Bank Negara Indonesia and Bank Mandiri. Recipients will have access to transferred funds within three minutes of a successful transaction. As a launch promotion, fees for mobile remittance transactions to Indonesia will be waived until 31 August 2014. ***** Mr Johan Buse, SingTel’s Vice President of Consumer Marketing, said: “We are delighted to extend the convenience and flexibility of mRemit to the 180,000 Indonesians…

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