KUALA LUMPUR: Malaysians who travel overseas will now be able to remit money abroad using only their debit cards at selected retail outlets.
Max Money, the first money service business provider in Malaysia to introduce a hybrid Online to Offline (O2O) model whereby personal and business transactions can be done over-the-counter or online, today launched its MaxTerminal service.
Max Money also launched its new portal, where customers can transfer money and exchange currencies online.
The MaxTerminal service, which can be used on a twenty four-hour basis will be available at convenience stores, sundry shops and mom-and-pop stores in business centres, industrial hubs and rural areas nationwide.
This gives foreign workers, and rural folk an unprecedented and unparalleled level of service and convenience in transferring funds to over 150 countries.
This is said to be a breakthrough for a brick and mortar money service business and represents a turning point towards a cashless society.
The new service was launched by Technology and Innovation Minister Datuk Wira Dr Abu Bakar Mohamad Diah.
He was joined by Max Money’s founder and Chief Executive Officer, Abda Hamid.
“MaxMoney’s solutions and services are aimed at improving efficiencies and reducing transaction costs, in line with the World Bank’s Project Greenback 2.0 initiative,” said Abda Hamid. – MO