WorldRemit, a London-based digital cross-border payments company, has officially launched its money transfer services for Malaysian customers via its app and web platform.
Customers can now send money from Malaysia, in addition to 50 other countries including the UK and the USA, to more than 130 destinations.
Depending on their location, customers can choose from multiple payout methods for the recipient including bank deposits, payments to mobile wallets, cash pick-up and mobile airtime top-up.
Previously, WorldRemit had participated in Bank Negara Malaysia’s (BNM) Fintech Regulatory Sandbox Framework but was unsuccessful and pursued the licensing route instead.
WorldRemit is currently fully licensed with a Class-B remittance license issued in February 2021 by BNM.
Ridzuan Aziz, Country Director for Malaysia at WorldRemit said,
“We’re passionate about making sure that customers can continue to make affordable money transfers to their family and friends in the comfort of their homes.
With communities across the world having to change their lifestyles due to the disruption caused by COVID-19, we’re proud to play our part in making sure our customers can continue to support those dearest to them throughout this challenging time.”