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SingTel to offer mobile remittance by end-2012

Published on Sep 13, 2012 5:13 PM
A woman using a smartphone. -- ST PHOTO: TERENCE TAN

Sending money will soon be as simple as sending a text message.

The service, called mRemit, is Singapore's first mobile-to-mobile remittance service to be launched by SingTel later this year.

Unlike traditional remittance services, mRemit will allow money to be wired to an overseas recipient instantly, SingTel said at a press conference.

The service is primarily targeted at foreign workers and their employers here who subscribe to SingTel's mobile services.

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