Western Union + Maxis to launch mobile money transfer service inMalaysia

Western Union and Malaysian operator Maxis have teamed up to launch a service that would allow Maxis subscribers to send cross-border remittances directly from their mobile phones. The service is expected to be rolled out in early 2010. More than 11 million Maxis subscribers in Malaysia will be able to send funds from their mobile phones. The recipient will be able to pick up the funds in cash at more than 345,000 Western Union Agent locations in 200 countries.

For the record, In 2008, more than US$6.4 billion in remittances was sent out of Malaysia. Many of these remittances were sent by the estimated 1.9 million foreign workers living in Malaysia - largely Indonesians, Filipinos, Bangladeshis, Nepalese and Vietnamese.

(source)