5/31/2007

Maxis Unveils Cell Phone Money Transfer

Filed under: — Aviran Mordo @ 7:53 am

Thousands of Filipino workers in Malaysia can now remit money to their families back home under a new mobile phone money transfer service unveiled by Malaysia’s top mobile phone operator Maxis.

In a statement late Wednesday, Maxis said it has tied up with the Philippines’ Globe Telecom to introduce what it said was the world’s first mobile international money transfer service called M-money.

Under the system, Maxis customers can wire up to 500 ringgit ($143) per transaction to Globe subscribers in the Philippines, who can retrieve the money at Globe’s 6,000 outlets, the statement said.

 

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