HomeSend, a joint venture between MasterCard, eServGlobal and BICS, has announced it has partnered with Indosat to provide remittance services to the company’s 60 million subscribers in Indonesia.
Indosat’s Dompetku Mobile Money platform allows users to safely send and receive funs acorss Indonesia’s largest mobile money network. HomeSend will be the first international provider to give users access to Dompetku’s 24,000 locations.
The HomeSend service enables consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The International Fund of Agricultural Development (IFAD), a specialized agency of the United Nations, estimates that 6.5 million Indonesians will send funds to family or friends back home in 2014. The World Bank estimates that in total, USD7.5B in remittance payments will be made into Indonesia this year.
Stephen Doyle, CEO, HomeSend, commented: “The ability to quickly send funds and conveniently receive them is critical to a successful remittance program. We’re incredibly proud that our relationship with Indosat will enable consumers throughout Indonesia with access to the remittances payments backed by the country’s largest network of locations.”
Alexander Rusli, CEO of PT. Indosat Tbk. Added: “Providing financial support for families and friends is enough of a responsibility. Workers shouldn’t need to worry about whether or not those funds reach their intended recipient. With the reach of the Dompetku network and the reliability of HomeSend, Indosat users can be sure their hard-earned wages are received quickly and easily.”
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