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Singtel, Telkomsel to launch mobile remittance service in Indonesia

New mobile money initiative aimed at reaching more unbanked Indonesians

A new mobile remittance service for the Indonesian market is launched by Ngurah Swajaya, Indonesian Ambassador to Singapore (left) and representatives from Singtel, Telkomsel and PT Pos Indonesia.

SINGAPORE -- Singapore Telecommunications, known as Singtel, is partnering with Indonesian operator Telkomsel to launch a real-time mobile remittance service in Indonesia, to boost its mobile money initiatives and tap into the relatively unbanked market in that country.

The service is the first collaboration for Singtel and Telkomsel "on mobile money initiatives to drive innovation in both markets," according to a press release on Sunday.

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