SURABAYA, INDONESIA, 29th August: Merchantrade Asia Sdn Bhd (Merchantrade) announced a partnership with PT Bank Pembangunan Daerah Jawa Timur Tbk, (Bank Jatim), the largest regional bank in East Java, Indonesia in a move that will boost remittance payout service access to Indonesia for its customers in Malaysia.
The Bank Jatim’s first international partnership with Merchantrade, officially launched in conjunction with the Bank Jatim’s 61st anniversary, is aimed at enabling customers in Malaysia to enjoy more secure and convenience of sending money back home to their loved ones in Indonesia.
The Governor of East Java, Ibu Hj. Khofifah Indar Parawansa, was present at the event, accompanied by management from Bank Jatim and Ramasamy K Veeran, Founder and Managing Director of Merchantrade.
During the event, a live remittance transaction was conducted between a daughter in Surabaya and her parents who are Indonesian’s working in Malaysia. The money transfer was successfully completed within seconds.
Ramasamy K Veeran said it was an honour to work with Bank Jatim, signifying our commitment to drive financial inclusion by making cross-border remittance easy especially for workers who originate from East Java working in Malaysia.
“Through the partnership, Bank Jatim is able to tap our extensive infrastructure including huge branch networks all over Malaysia, providing high accessibility to Indonesian migrants seeking to transfer money abroad using the JConnect Remittance service,” he added.
“We are pleased to be in partnership with Merchantrade, a move that is cemented by a mutual understanding of how digital remittances can have a seismic impact on driving sustainable development, something that sits at the heart of our business,” said Pak Edi Masrianto, Commercial & Corporate Director of Bank Jatim.
“Hence, we pride ourselves by working with like-minded partners to deliver social impact at scale. Together with Merchantrade, we aim to make remittances more convenient and accessible for everyone”.
“We are grateful to be part of Merchantrade’s international expansion journey and are looking forward to see this partnership grow,” added Pak Edi Masrianto.
Ramasamy said Merchantrade looks forward to more partnerships in Indonesia and other countries in the world with a strong focus on increasing access and convenience in remittance payments as the company solidifies its position as the largest money services business in Malaysia.
