More NewsLuup and Dhasatra Advocate an Open Mobile Money Transfer Ecosystem

Luup and Dhasatra Advocate an Open Mobile Money Transfer Ecosystem

Mobile financial solutions provider Luup has outlined key success factors for building a seamless remittances ecosystem that includes challenging geographies, such as Indonesia.

Speaking at the Money Transfer Dubai (MTD) conference held by the International Association of Money Transfer Networks (IAMTN), the international trade association for the money transfer industry, Saqib Iqbal, regional director Asia-Pacific for Luup, stated: “Users want cost-effective interconnected money transfer services that they can access from any provider, anytime, anywhere. Mobile technology enables such efficient services, yet they depend on co-operation and the building of payments gateways, seamless remittance interconnections and cash-out facilities.”

Indonesia is a particularly challenging geography due to a largely unbanked population spread over hundreds of islands. The proliferation of mobile phones, though, makes it highly conducive to mobile enabling services. Seizing this opportunity to bring cost effective, real-time remittance solutions to its customers, Dhasatra Indonesian Remittance, has joined Luup’s expanding, open mobile money transfer ecosystem.

Luup will mobile-enable the inbound remittance corridor to Indonesia for Dhasatra and the subsequent distribution into Dhasatra’s extensive network in the country. Both banked and unbanked will be able to remit into bank accounts of 120 banks or cash out from bank and post office branches as well as telecom franchisees.

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