Singtel and Telkomsel today launched a real-time mobile remittance service to Indonesia. Offered by SingCash under the Singtel Dash brand, this service allows customers in Singapore to send money to 4,500 cash-out points across Indonesia.
This is an enhancement to the current facility that lets customers send money to Indonesian bank accounts. The service was launched at Festival Rising50, a concert celebrating 50 years of Singapore and Indonesia bilateral ties.
According to the Embassy of the Republic of Indonesia in Singapore, there are 200,000 Indonesians living and working in Singapore. Outward remittance from Singapore to Indonesia total more than US$ 409 million yearly.
Yuen Kuan Moon, Chief Executive Officer, Consumer Singapore, Singtel, said, “Indonesia is one of our main remittance corridors and we are pleased to partner Telkomsel to offer convenient and secure mobile remittance cash pick-up service for our Indonesian friends.”
In line with their commitment to work together on smart money initiatives, the two leading telcos also announced future plans to offer mobile remittance to Telkomsel’s TCash, offering a complete mobile wallet-to-mobile wallet experience. They also plan to expand the number of cash pick-up points to GraPARI Telkomsel service centres, as well as PT Bank BRI branches in the second half of this year.
Ririek Adriansyah, Chief Executive Officer, Telkomsel, said, "Telkomsel's partnership in Singtel's remittance service is one effort to support our government in promoting financial inclusion for Indonesian people, especially the unbanked segment."
Singtel Dash is Singapore’s first all-in-one mobile payments app. It offers mobile remittance services, supports in-store and online retail payments, as well as transit payments. Singtel is a communications group providing voice and data solutions over fixed, wireless and Internet platforms as well as infocomm technology and pay TV.