DHASATRA expands Xpress Money network in Indonesia

Abu Dhabi, United Arab Emirates - Saturday, October 29th 2011 [ME NewsWire]

Instant Money Transfer brand Xpress Money has entered into an agreement with DHASATRA Indonesian Remittances. This alliance will add a further 4000 locations to the existing 8000 Xpress Money locations in Indonesia through PT POS Indonesia, as well as offer account credit services to over 130 banks. The list of banks includes large and popular banks BNI (Bank Negara Indonesia), BRI (Bank Rakyat Indonesia), Bank Mandiri, and Bank Permata, as well as leading private-owned Banks, like BCA (Bank Central Asia) to name a couple.

DHASATRA Indonesian Remittances offers efficient pay-out services that make the money transfer simple. Remittances sent before 3 o’clock on weekdays and before 12 o’clock on Saturday will be credited within an hour on the same day of the transfer. Both XM and DHASATRA are known for their excellent support systems and call centres that ensures a smooth payout process.

Mr. Sudhesh Giriyan, Vice President Xpress Money Services said, “Indonesia received US$7.1 Bn dollars in remittances in 2010. The immigrant population from the world’s largest archipelago is constantly growing; in 2010 the count was around 4.3 million emigrants. This alliance with DHASATRA is especially exciting as now Xpress Money will really be able to offer our customers the added advantage of cash to account transfers to 130 banks. The cash payout through the Indonesian post office – PT POS gives us greater network into the rural areas of the country.”

Xpress Money has over the last decade earned an impeccable reputation as a fast and safe instant money transfer brand. Their wide network and state-of-the-art systems have offered customers an easy and simple way to send money across the world. “It’s essential partnerships with companies like DHASATRA that has enabled us to grow as quickly as we have.” Says Joel Candy, Region Head APAC for Xpress Money.

Mr Herijanto Sigiet, Director of DHASATRA said, “We’ve built our services to give the large Indonesian population spread across the world an easy and convenient system to send money back home to Indonesia this partnership with a global organization like Xpress Money helps us achieve that purpose.”

About DHASATRA Indonesian Remittances

DHASATRA Indonesian Remittances is the first Indonesian Remittances company that offers various services with its own system. DHASATRA Indonesian Remittances has direct connections to banks, the post office of Indonesia and telecom companies. And through their comprehensive partners provide remittance services even to the most remote or rural areas in Indonesia.

About Xpress Money

Xpress Money is a UK based instant money transfer brand with a thriving presence in more than 95 countries in 5 continents across 85,000 agent locations worldwide. Xpress Money is an FSA licensed Authorized Payment Institution (API) that has come to be known as the fastest growing instant money transfer brand worldwide. Xpress Money provides its customers an instant, safe & affordable way to transfer money worldwide. For more information, visit www.xpressmoney.com

Contacts

Lahcen Aterta

Manager Media Relations

+971-2-4945480

Aterta.lahcen@uaeexchange.com