Singtel partners Telkomsel to expand mobile money services

Singtel and Telkomsel recently announced that they are partnering to launch a new service, a real-time mobile remittance service to Indonesia.

In this current era of smartphone and mobile data usage, smartphone apps can be very handy to handle some of the daily routine or monthly routine matters at your finger tips with your smartphone and app, without having to be physically there in person to do the things.

Do spread this news on the real-time mobile remittance service by Singtel and Telkomsel and pass it on to your family, relatives, friends and colleagues if they need to remit cash back to Indonesia.

Let me share with you more information and details of the Singtel and Telkomsel partnership in real-time mobile remittance service to Indonesia –

Singtel and Telkomsel launched a real-time mobile remittance service to Indonesia. Offered by SingCash under the Singtel Dash brand, this service allows customers in Singapore to send money to PT Pos Indonesia’s 4,500 cash-out points (1) across the country via Weselpos Instan (2). This is an enhancement to the current facility that lets customers send money to Indonesian bank accounts.

The service was launched at Festival Rising50, the first concert event celebrating 50 years of Singapore and Indonesia bilateral ties. It marks the first time that Singtel and Telkomsel are collaborating on mobile money initiatives to drive innovation in both their markets.

According to the Embassy of the Republic of Indonesia in Singapore, there are 200,000 Indonesians living and working in Singapore. Outward remittance from Singapore to Indonesia totals more than US$ 409 million yearly (3).

Mr Yuen Kuan Moon, Chief Executive Officer, Consumer Singapore, Singtel, said, “Indonesia is one of our main remittance corridors and we are pleased to partner Telkomsel to offer convenient and secure mobile remittance cash pick-up service for our Indonesian friends. Singtel Dash will continue to enhance the mobile payments experience for our customers and enable their digital lifestyles. We are also excited to contribute to Singapore’s journey to a Smart Nation by developing the mobile payments ecosystem in Singapore.”

Mr Ririek Adriansyah, Chief Executive Officer, Telkomsel, said, “Telkomsel’s partnership in Singtel’s remittance service is one effort to support our government in promoting financial inclusion for Indonesian people, especially the unbanked segment. Foreign remittance enables them to improve their quality of life as well as provide an opportunity to begin saving for the future. We believe every little effort to promote financial inclusion will also accelerate the growth of Indonesia’s economy.”

In line with their commitment to work together on smart money initiatives, the two leading telcos also announced future plans to offer mobile remittance to Telkomsel’s TCash, offering a complete mobile wallet-to-mobile wallet experience. They also plan to expand the number of cash pick-up points to GraPARI Telkomsel service centres, as well as PT Bank BRI branches in the second half of this year.

Singtel Dash is Singapore’s first all-in-one mobile payments solution that is available to everyone. It is the only mobile payments app that offers fast, secure and real-time mobile remittance services, supports in-store and online retail payments, as well as transit payments. Customers can enjoy paying with Singtel Dash for their taxi, bus and train rides, as well as at supermarkets, convenience stores and food courts.

Since its re-launch in May 2016, the number of Singtel Dash customers has grown to almost 500,000. The volume of monthly transactions has also doubled over the last six months.

Notes

(1) Kantor Pos (post office) branches operated by PT Pos Indonesia

(2) Weselpos Instan is a remittance product of PT Pos Indonesia

(3) Source: World Bank Bilateral Remittance Matrix 2015

* Information and details courtesy of Singtel Corporate Communications *

Singtel launched Transit NFC SIM

Riding public transport in Singapore and paying with your NFC mobile phone is now available with the launch of Singtel Transit NFC SIM. This would be good news for owners with NFC mobile phones who might find this helpful in their travel on public transport in Singapore!

Let me share with you more on Singtel Transit NFC SIM from the press release information below –

Singtel announced that customers can pay for their MRT, LRT and bus rides with Singtel’s Transit NFC SIM. Jointly developed with the Land Transport Authority (LTA), the Infocomm Development Authority (IDA) and EZ-Link, Singtel’s Transit NFC SIM will enable commuters to pay for public transit rides using just their NFC mobile phones.

This expanded mobile payment function further enhances Singtel’s award-winning Dash app, which has the largest mobile payment merchant network in Singapore.

Ms Gan Siok Hoon, Vice President of mCommerce, Consumer Singapore, Singtel said, “We are pleased to offer the added convenience of mobile payments on buses, MRT and LRT. With customers already paying for their Comfort and CityCab taxi rides with our popular Dash app, they can now truly enjoy a seamless payment experience in their daily commutes.”

She added, “We have exciting plans coming up and will soon unveil an enhanced mobile payments app that will offer greater convenience and rewards to our customers and retailers.”

Embedded with an EZ-Link purse, Singtel’s Transit NFC SIM can be used in compatible NFC mobile phones to pay for bus, MRT and LRT fares.

Sale of Singtel Transit NFC SIMs will commence in late April 2016. Singtel customers will be able to purchase them from Singtel Retail Shops at prevailing SIM rates with no additional costs. The usual S$5 EZ-Link registration fee will also be waived for a limited time.

For more information, visit www.dash.com.sg/ridewithdash.html.

*Information courtesy of Singtel Corporate Communications*