Western Union to launch mobile money transfer service with Malaysia’s Maxis
By Dusan Belic on Monday, October 12th, 2009 at 12:14 AM PST In Services
Malaysian operator Maxis and Western Union have teamed up to launch the mobile money service that would allow Maxis subscribers to send cross-border remittances directly from their mobile phones. The service, which is expected to be rolled out in early 2010, is the first such deal Western Union has ever made. As a result, 11 million+ Maxis subscribers in Malaysia will be able to send funds from their mobile phones, and the recipient will be able to pick up the funds in cash at more than 345,000 Western Union Agent locations in 200 countries.
For the record, more than $6.4 billion in remittances was sent out of Malaysia during last year. Many of these were sent by the estimated 1.9 million foreign workers living in the country — largely Indonesians, Filipinos, Bangladeshis, Nepalese and Vietnamese.
[Via: CellularNews]
There is no need for this service if you’ve found a company that meets the customer’s demands. At first, I went through the agencies but after being seemingly more and more overcharged, I looked for a more stable and consistent method. Luckily, ATMCASH offers low rates and is exactly what I and other like me look for when sending money overseas. I’ve been with them for a while and not once have I felt like they overcharged me. It’s the standard $5 flat rate every time and that’s just fine with me because of their unmatched service. These new technologies are unsafe and untested, ATMCASH has a solid system with major security, which is most important.