- MaxMoney, which is based in Malaysia, has announced a new arrangement with the global payments company UnionPay.
- The two firms will offer instant money transfer services to a range of countries around the world, such as China and Thailand – and nearly 50 markets will be represented in total.
- “We couldn’t be more pleased to partner a household name like MaxMoney to launch UnionPay’s MoneyExpress cross-border money remittance in Malaysia,” said a spokesperson for UnionPay.
UnionPay, an international money transfer provider, has revealed that it will work alongside a leading Malaysian remittance brand.
UnionPay, which works across the globe, has confirmed its new arrangement with MaxMoney.
The two companies will offer instant money transfer services to nearly 50 markets around the world.
Clients will be able to get speedy money transfers using online transfer services.
They will also be able to send money using MaxMoney branch services.
The countries on the list include some major names in the remittance sector – many of which belong to important payments corridors.
These include countries in East and Southeast Asia, such as China, Thailand and also the Philippines.
Also on the list are other nations such as Bangladesh.
Huiming Cai, who serves as general manager for UnionPay International Southeast Asia, said that the company was delighted about the prospect of pairing up with the brand.
"We couldn’t be more pleased to partner a household name like MaxMoney to launch UnionPay’s MoneyExpress cross-border money remittance in Malaysia,” he said.
He went on to say that MaxMoney was a “pioneer” when it came to money transfer.
“MaxMoney is a pioneer for online money transfer services, and has more than 30 years of experience in international wire transfer service offering fast, easy and reliable remittance services,” he explained.
He also said that UnionPay itself was an innovator in this regard – and that it would work to provide everything from “convenience” to “value”.
“As one of the leaders in innovative payment, UnionPay’s vision is to always offer greater convenience, more value, and secure services to our customers,” he said.
A senior figure at MaxMoney appeared to share similar sentiments.
“We are committed to continue improving our service for our customers, hence we are pleased to partner UPI to leverage on UnionPay’s comprehensive worldwide network to better serve our clients,” said A.Abd Hamid, who is the firm’s founder and chief executive officer.
He also said that digitalisation had become increasingly important in the context of the pandemic.
“The movement restriction from the pandemic has resulted in more of our customers taking up our digital remittance service,” he said.
“This is not surprising as our international money transfer not only offers the best rate, but is also easy, with only three simple steps to transfer money across the globe securely.”
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