Thursday 21 August 2008

INDONESIA: Middle East region experiences growth in innovative remittance service

With the launch of Visa Money Transfer in Indonesia and the expansion of a program in Singapore, Visa is making it easier and more secure for people in 15 countries in the Middle East, Europe and Asia to send and receive funds.

Visa Money Transfer, a card-based service enabling a Visa cardholder to send funds conveniently and securely to another Visa cardholder, debuted in Ukraine in 2003.

Since then, the service has been extended to millions of people who no longer need to wait at a money transfer agent's office, but instead can use the convenience and security of their 16-digit Visa account number to send and receive money.

Depending on their issuing bank, they can execute the transfer at a bank branch, using the internet, via an ATM or via mobile phone. [Read More]

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