Business Desk :
Valyou in partnership with Mutual Trust Bank (MTB) on Monday introduced wallet-to-wallet remittance from Malaysia to Bangladesh.
This first-of-its-kind integration, enabling migrant workers in Malaysia to transfer money directly to any bKash account in Bangladesh using Valyou Mobile Wallet app.
“Bangladeshis, who are largely working in manufacturing and construction sectors in Malaysia, represent one of the largest economic migrant segments in the country. We are excited to bring more convenience and peace of mind for them to send their hard-earned money home safely,” Valyou CEO, Khuram Malik said.
“Working together with MTB, we are able to offer instant money transfer to bKash from Valyou Mobile Wallet app. As a result, it will cost our Bangladeshi customers less time, money and effort to send money to their families back home. With more than 30 million registered users and over 176,000 agents across Bangladesh, we are excited to welcome bKash as inward remittance channel alongside our existing bank partners,” Malik added.
bKash is Valyou’s second wallet-to-wallet international remittance product integration.
To use Valyou e-wallet, users have to register with their mobile phone number and complete a simple identity verification process. They can cash in their e-wallet at over 2,000 Valyou merchants or use automated teller machines (ATMs), internet banking and mobile banking via JomPAY.
“We are constantly innovating our products to better serve the underbanked communities in Malaysia. Through technology, we can make financial services more accessible to the migrant workers, reduce the cost of international remittance and also mitigate the risks of money transfer through informal channels,” Valyou CEO said.
Valyou is licensed and regulated as a money services business (MSB) and authorized to issue e-money by Bank Negara Malaysia. Headquartered in Kuala Lumpur, the financial technology company is a subsidiary of Telenor Group.
Valyou in partnership with Mutual Trust Bank (MTB) on Monday introduced wallet-to-wallet remittance from Malaysia to Bangladesh.
This first-of-its-kind integration, enabling migrant workers in Malaysia to transfer money directly to any bKash account in Bangladesh using Valyou Mobile Wallet app.
“Bangladeshis, who are largely working in manufacturing and construction sectors in Malaysia, represent one of the largest economic migrant segments in the country. We are excited to bring more convenience and peace of mind for them to send their hard-earned money home safely,” Valyou CEO, Khuram Malik said.
“Working together with MTB, we are able to offer instant money transfer to bKash from Valyou Mobile Wallet app. As a result, it will cost our Bangladeshi customers less time, money and effort to send money to their families back home. With more than 30 million registered users and over 176,000 agents across Bangladesh, we are excited to welcome bKash as inward remittance channel alongside our existing bank partners,” Malik added.
bKash is Valyou’s second wallet-to-wallet international remittance product integration.
To use Valyou e-wallet, users have to register with their mobile phone number and complete a simple identity verification process. They can cash in their e-wallet at over 2,000 Valyou merchants or use automated teller machines (ATMs), internet banking and mobile banking via JomPAY.
“We are constantly innovating our products to better serve the underbanked communities in Malaysia. Through technology, we can make financial services more accessible to the migrant workers, reduce the cost of international remittance and also mitigate the risks of money transfer through informal channels,” Valyou CEO said.
Valyou is licensed and regulated as a money services business (MSB) and authorized to issue e-money by Bank Negara Malaysia. Headquartered in Kuala Lumpur, the financial technology company is a subsidiary of Telenor Group.
