60 million Indonesians can now receive money electronically

8 Top facts of the new electronic money service Indonesians’ can experience: -

1. ‘Indosat’, Indonensia’s leading mobile company has a base of 60 million subscribers
2. Though a tieup with HomeSend, 6.5 milion Indonesians staying abroad can send remittances to Indosat subscribers spread across Indonesia.
3. The remittance services will be available through Indosat’s Dompetku Mobile Money Platform.
4. HomeSend will also be the first international remittance provider to give users access to Dompetku’s 24,000 locations.
5. The HomeSend service enables consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient.
6. The World Bank estimates that in total, $7.5B in remittance payments will be made into Indonesia this year.
7. HomeSend is a joint venture created by MasterCard, eServGlobal and BICS that enables B2B cross-border and cross-network value transfers through a single connection.
8. Indosat is a leading telecommunication and information service provider in Indonesia that gives mobile phone services, data communication services, internet services (MIDI), and mobile money services.