WorldRemit implements digital money transfers in Malaysia

The company was accepted as one of the four initial entrants into Bank Negara Malaysias Financial Technology Regulatory Sandbox in June 2017; the presence in Asia includes Malaysia, Singapore, Hong Kong and Japan as send countries.

Remittances sent from Malaysia play an important role in other regional economies; USD 6 billion was sent in 2015, according to the World Bank, and key recipients included the Philippines, Thailand, Vietnam and Indonesia.

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