TransferWise Malaysia Enhances Services to Broaden Money Transfer Coverage

TransferWise, a leading global technology company which aims to build the best way to move money around the world, have announced an enhancement of services for customers in Malaysia, who can now receive low cost and fast international money transfers from Indonesia and send MYR to Alipay users in China. The newly launched service in Indonesia is in partnership with local remittance company Instamoney.

These latest expansions come at the heels of other updates, including price drops for sending money to 10 currencies in Asia and enabling customers to receive international payments within minutes.

TransferWise Malaysia Country Manager, Ms. Lim Paik Wan, said, “With more Malaysians leading increasingly global lives, our mission in Malaysia is to make it even faster and cheaper for customers to send or receive money from all over the world, and we aspire to make the process more convenient. We are excited to be bringing these new enhancements to our service here for our customers in Malaysia, particularly our wider network coverage enabling them to receive remittances from Indonesia and send money to China.”

TransferWise’s service in Malaysia is:

• Cheaper 
• Faster 
• Easier 
• More transparent 

In September, TransferWise made it cheaper for customers to send money to MYR or any of these other nine Asian currencies — INR, THB, IDR, CNY, PKR, VND, KRW, LKR, or BDT — as part of its continuing effort to make international money transfers.