CARDS & PAYMENTS | Cesar Tordesillas, Malaysia

Maybank targets double digit remittance growth

Maybank is targeting a double digit growth in the remittance business for financial year 2012.


"Maybank is already a market leader in the remittance business and we have recorded a significant growth since we launched MME (Maybank Money Express) service on Sept 16, 2010 with Cambodians being the largest users of this service," said B. Ravintharan, the bank's Head of Cards, Wealth and Payments.

Remittance had grown into a significant business and customers were drawn by competitive pricing and convenience, he explained.

To make the remittance service a more rewarding experience for customers, the bank has launched the "Mega Remittance Promotion" whereby customers who remit RM500 and above will stand a chance to win RM50,000.

The campaign will run until June 30, 2012.

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