MyCash Introduces Remittance Services from Singapore to Bangladeshby Fintech News Singapore May 21, 2020
MyCash Money Pte Ltd. has introduced wallet-to-wallet remittance services through the bKash Wallet from Singapore to Bangladesh. This integration enables migrant workers in the isolation areas of Singapore to transfer real-time money directly to any bKash wallet account in Bangladesh using the MyCash Wallet app and website.
MyCash Group CEO Mehedi Hasan said,
“Over 100,000 Bangladeshis currently working in Singapore and most of them are now living inside isolated dormitories. To make their life easy and help them and their families to enjoy the upcoming Eid, we have brought this service to them. We are excited to able to help during this unprecedented pandemic and able to bring this convince to their dormitories”.
Apart from bkash wallet to wallet remittance, MyCash app also offers prepaid airtime and data top-up for Singapore and Bangladeshi mobile operators at a 5% discounted rate. MyCash Online app offers all services and customer supports in both English & Bangla Language. MyCash Money, an upgraded version of Mycash app, will be going live this July in Singapore and Australia and later days in Malaysia. The new app will have more remittance services like instant bank transfer, cash pickup, bill payment, and more.
MyCash Money PTE. LTD. had recently awarded Standard Payment Institutes (SPI) license by the Monetary Authority of Singapore (MAS) to provide Account Issuance, Cross Border Money Transfer, and E-Money Issuance in Singapore. MyCash Money PTY. LTD is incorporated and registered in Queensland, Australia, and registered as an independent remittance dealer with AUSTRAC, Australia’s anti-money laundering, and counter-terrorism financing regulator.