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Mobile Payments

Maybank and Western Union to launch digital remittance service in Malaysia

Friday 30 December 2016 | 11:53 AM CET

Maybank and Western Union have announced the launch of the first digital remittance service in Malaysia via its Maybank2u ("M2u") mobile banking app.

The mobile App service enables Maybank customers to transfer money to more than 500,000 Western Union Agent locations in over 200 countries and territories. More than that, the digital remittance service is also available on the Maybank2u website.

Maybank currently has a high digitally engaged customer base, logging in and transacting far more than its peers. Maybank is a mobile banking provider in the country with 62% of all mobile banking transactions in the Malaysian market, which is performed via the Maybank2u App.

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