VietinBank
has recently cooperated with MayBank to introduce new remittance services from
Malaysia to Vietnam via MayBank Money Express (MME) system.
In order to create another effective money
transfer channel for Vietnamese labourers in Malaysia, VietinBank has recently
cooperated with MayBank, one of the largest banks in Malaysia (with 384
branches domestically and more than 90 branches and offices abroad) to
introduce new remittance services from Malaysia to Vietnam via May-Bank Money
Express (MME) system.
With MME system, remittance senders can go to
any branches of Maybank, present their passports and provide information about
the beneficiaries (name, address, identity number, telephone number). Maybank
will provide senders a code of 16 characters,which they must notify the
beneficiaries.
The beneficiaries then can go to any branches or transaction offices of
VietinBank, present their identity documents and money transfer code to receive
money without being charged any fees.
MME allows the beneficiaries to receive remittances
within 10 minutes with maximum transfer amount per day of RM10,000 or $3,000
for a single customer.
There are currently 130,000 Vietnamese
labourers in Malaysia, working mainly in such sectors as textiles, production -
manufacturing, restaurants - hotels and construction.
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