PR86173

KUALA LUMPUR, Malaysia, Oct. 20, 2020 /PRNewswire=KYODO JBN/ --

Malaysia's largest Money Services Business (MSB) operator, Merchantrade Asia

Sdn Bhd (Merchantrade) has entered into a partnership with Ant Group, the

leader in the development of open platforms for technology-driven inclusive

financial services.

The collaboration allows customers of Merchantrade in Malaysia and Singapore to

facilitate real-time remittances to Alipay users in China, with funds reaching

bank accounts linked to their Alipay app. Alipay is operated by Ant Group and

currently serves more than one billion users.

The service is now available at Merchantrade's 81 branches and over 450 of its

agent locations in Malaysia. It is also available on Merchantrade's

award-winning remittance mobile app, eRemit Malaysia and soon will be available

on Merchantrade's e-wallet, Merchantrade Money as well as at Merchantrade's

Singapore-based subsidiary, Kliq Pte Ltd, on its eRemit Singapore mobile app.

The partnership aims to bring more innovative and convenient financial services

to Merchantrade's customers in Malaysia and Singapore. It will also expand to

allow Merchantrade customers to remit funds to persons in the Philippines,

Pakistan, Bangladesh and Indonesia, through Ant Group's partners in these markets.  

"As a leading MSB operator and international remittance hub provider, we

continuously explore new ways to apply our technology and connect with partners

to make financial services more inclusive, especially for the underserved

globally, particularly in Asia, where we have a foothold in the remittance

market through local partners," said Ramasamy, Founder and Managing Director of

Merchantrade Asia. The company has built an ecosystem of relevant financial

services through industry partnerships and collaborations and continue to

welcome future partnership opportunities to enrich the lives of our customers.

For more information on Merchantrade, please visit

https://mtradeasia.com/main/. For Partnership & Collaboration enquiries, please

contact: partnerships@mtradeasia.com

About Merchantrade Asia

Merchantrade is Malaysia's largest Money Services Business (MSB) operator and

leading money transfer, e-money issuer, retail and wholesale foreign currency

exchange service provider. Leveraging on its technology, omnichannel capabilities

and global network reach, Merchantrade aims to provide consumers with easy

access to a secure, reliable and fast channel for global currency exchange, money

transfers, and digital payments.

Merchantrade has developed multiple award-winning digital products and has

established a network of 81 branches and over 450 agent locations throughout Malaysia.

SOURCE: Merchantrade Asia Sdn Bhd

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=374489 

   Caption: Merchantrade to facilitate real-time remittances to Alipay users in China, with

funds reaching bank accounts linked to their Alipay app.