SingTel offers instant fund transfers to Indonesia bank accounts via mobile
Published on Jul 24, 2014 1:05 PM
SINGAPORE - Sending money home will soon be as easy as sending text messages, for the 180,000 Indonesians living here.
Through SingTel's mRemit service, funds can be sent directly to more than 80 Indonesian banks, including Bank Danamon, Bank Negara Indonesia and Bank Mandiri from Sunday. This is done via SingTel's mWallet smartphone app or by sending the word "remit" via SMS to the number 77766.
mRemit is also available to StarHub and M1 subscribers. Customers must first open a SingTel-managed mCash digital stored value system, as funds will be drawn from this account. mCash is set up via the mWallet smartphone app, which can be downloaded from the iTunes and Google Play online stores.
mCash's value - capped at $999 at any one time - can be topped up at more than 800 AXS machines, 150 FairPrice Xpress and Cheers outlets, and 80 SingTel retailers islandwide using Nets or cash.
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