WorldRemit launches in Malaysia

WorldRemit has launched its digital money transfer service in Malaysia, allowing migrants to transfer money to over 140 countries as easily as sending an instant message.

This digital, mobile-first model aims to significantly improve security and compliance standards. It also eliminates the need for the sender to visit a bricks and mortar agent, which can often be inconvenient and time consuming.

The move sees WorldRemit expanding its presence in Asia significantly to include Malaysia, Singapore, Hong Kong and Japan as send countries.

According to the UN the most dynamic growth in remittances over the past decade has been in Asia, which now receives 55 per cent of the total. Remittances sent from Malaysia play an important role in other regional economies – just under $6 billion was sent in 2015, according to the World Bank. Key recipients include the Philippines, Thailand, Vietnam, and Indonesia.

Michael Liu, APAC director at WorldRemit, said: “Any international financial technology business wanting to achieve a real business presence in Asia Pacific needs to be in Malaysia. Malaysia has a strong economy and a flourishing FinTech community.

“The growing recognition of the importance of innovation, through developments like the country’s new regulatory sandbox and the Digital Free Trade Zone, signifies greater government policy support for businesses like ours.”

    Share Story:

Recent Stories


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.