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Dream - Sending money abroad is becoming easier with money transfer services like LOVE REMIT Indonesia, which offers real-time processing settlement.
The service provided by PT Madame Express Remitindo also has multicurrency that is connected to more than 80 countries worldwide with affordable and transparent fees.
Other profitable services, LOVE REMIT is also globally connected to various channels, such as bank accounts, e-wallets, QR code payments, and so on.
The convenience is achieved thanks to the collaboration of LOVE REMIT with Lighnet, a Singapore-based financial technology (fintech) group. Its flagship product is Liquidnet, which provides cross-border payment infrastructure solutions for money transfer operators, banks, and corporations.
The following is the translation of the given 'Bahasa' text to 'English' while preserving any HTML tags: "Collaboration between LOVE REMIT and Lightnet has been officially established since 2022 and has obtained approval for cooperation from Bank Indonesia in the second quarter of 2023. LOVE REMIT itself has obtained permission and direct supervision from Bank Indonesia with license number 19/207/DKSP/73."
The Chief Executive Officer of LOVE REMIT, Rayizam Mansyur, said that the growth of LOVE REMIT with the connection to Lightnet has had a positive impact, such as an increase in performance in the period of October 2023. The growth reached more than 300 percent in nominal terms and more than 70 percent in transaction terms compared to the previous year (YoY).
Mansyur's statement, quoted on Tuesday, November 28, 2023.
"Mansyur said that the benefits of LOVE REMIT services are also useful for entrepreneurs who are developing their businesses through imported products. 'So, service development continues to be carried out to reach retail consumer targets such as foreign workers in Indonesia, export and import entrepreneurs, and payment of education fees abroad,' said Mansyur."
Meanwhile, Lightnet CEO & Co-Founder, Tridbodi Arunanondchai explained that LOVE REMIT and Lightnet services facilitate international money transfers for individuals and companies or corporations. Not only large corporations, but small and medium enterprises (SMEs) can also use this service. "In order to continue to improve its business growth, LOVE REMIT, through its collaboration with Lightnet, now has a new target market to be targeted, namely the retail market, especially SME business & individuals," said Tridbodi, concluding the conversation.
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