Western Union and Maxis Communications have teamed up to launch a service that would allow Maxis subscribers to send cross-border remittances directly from their mobile phones.
Expected to roll out in early 2010, the service will enable some 11 million Maxis subscribers in Malaysia to send funds from their mobile phones to recipients 200 countries.
The partnership marks the first time that Western Union has enabled mobile money transfer transactions from outside the United States.
The new service will be “priced competitively” and will mainly benefit the large numbers of foreign workers in Malaysia, providing convenience and efficiency in global funds transfers.