Malaysian mobile operator DiGi Telecommunications has teamed up with local banker Malayan Banking (Maybank) to offer a new over-the-counter remittance service.
The service, DiGi SendMoney enables Malaysians and migrants to remit cash to nine countries across Asia.
The service will be offered at 20 DiGi centers across Malaysia, including three newly-established DiGi Remittance Centers. It is built on Maybank Money Express (MME), Maybank's remittance service launched in September 2010.
Through this offering, DiGi will become Maybank's first remittance agent for MME, the operator said in a statement.
Lim Hong Tat, deputy president and head of community financial services at Maybank predicted that total remittances of RM3.37 billion ($1.05 billion) will be sent through the MME service this year, thanks to the current sustainable economic growth and the increased number of foreign workers in the country.
DiGi's head of financial services Galvin Yeo said the new service will facilitate money transfers for DiGi and non-DiGi customers to nine countries, namely Indonesia, Philippines, Nepal, Vietnam, Cambodia, India, Pakistan, Myanmar and Brunei.
"DiGi SendMoney will particularly benefit a significantly large migrant community by providing them with an additional option for secure cash remittance,” Yeo said in a statement. “In addition, Malaysian customers who have domestic helpers or children studying in these countries can now also enjoy the new service option at our touch points."