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Cellphones Used to Send Money in Asia thru SMS

Asian countries, including Indonesia and Malaysia, have found a new way to send money. With the help of wireless phone technology, you no longer need to stand in line in banks to receive and send money. Through SMS you can load up your cell phone and send money to your family and your business associates.

In Indonesia, Com2U Sdn Bhd launched a program called moneyMe. You can use this service whatever your service provider is- it is an independent mobile payment service. You can instantly send money within the bounds of Indonesia and Malaysia with the use of your phone via text message. Com2U, pioneer of the said service, is a local mobile content provider in the said country. At present, moneyMe caters to Digi and Maxis costumers. Soon, Celcom subscribers can also take advantage of this fast and easy way to send money.

To send money, you can go to designated banks and transfer your funds through your recipient's cell phone. This service is often used by workers who earn their living in Malaysia and wants to send money to their family in Indonesia. More than 50% of foreign employees in Malaysia are actually from Indonesia and moneyMe has been a great way to transfer funds in a quick and hassle free way.

Most Indonesians has a cell phone, which makes it easier to send money. In remote areas, almost each family has at least one cell phone that is shared with the entire family. This remittance service is readily available to anyone who needs the send and receives money in an instant.
Com2U also partners with other money services such as PT Ebays. This allow recipients to withdraw their money at Pos Indonesia outlets using Wesel Pos Instant Service. This is a common remittance service in local post offices.

MoneyMe service is an easy remittance service that works as easy as reloading your cell phone credits. Plus, you can also have free registration and subscription service. Upon registration, senders would simply get to e-pay outlets and load the money that they want to send through their mobile wallet. E-pay outlets are easily accessible and can be located at bookstores, convenient stores, food shops and other commercial establishments.
Senders can transfer RM 50,000 with just a minimal charge of RM9. Upon sending money, beneficiary would receive a SMS message with the details of the fund transfer. They can cash in their money in Pos Indonesia agents in an instant.

MoneyMe is indeed an important service for cell phone users in Asia. You no longer need to line up in banks, with mobile funds transfer, you can receive your money in a fast and hassle-free way.