Peninsular Malaysia Labour Dept recognises Merchantrade Asia as an Approved Issuer of a Designated Payment Instrument

Q: How long will it take to read this news story?

The story "Peninsular Malaysia Labour Dept recognises Merchantrade Asia as an Approved Issuer of a Designated Payment Instrument" has 578 words across 16 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Peninsular Malaysia Labour Dept recognises Merchantrade Asia as an Approved Issuer of a Designated Payment Instrument" was covered 16 hours ago by Digital News Asia, a news publisher based in Malaysia.

Q: How trustworthy is 'Digital News Asia' news outlet?

Digital News Asia is a fully independent (privately-owned) news outlet established in 2012 that covers mostly economy, startups, and business news. The outlet is headquartered in Malaysia and publishes an average of 2 news stories per day. It's most recent story was published 21 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21932747</li><li>URL: https://beamstart.com/news/peninsular-malaysia-labour-dept-recognises-1722862</li></ul>

Digital News Asia Logo Digital News Asia 16h ago

Peninsular Malaysia Labour Dept recognises Merchantrade Asia as an Approved Issuer of a Designated Payment Instrument - Digital News Asia

Quick Summary:

Trusted by migrant workers with outbound remittance turnover of US$1.8bil in 2023

'First-to-last-mile' digital wage solution ensures strong support at every step for customers Merchantrade Asia Sdn Bhd, Malaysia’s largest Money Services Business (MSB) operator and a leading player in the digital payments space, has been officially recognized as an approved issuer of a designated payment instrument by the Jabatan Tenaga Kerja Semenanjung Malaysia (Peninsular Malaysia Labour Dept) for the purpose of wage payments.

Recognizing the significant challenges employers face in opening traditional bank accounts for migrant workers and other unbanked segments, it has gradually expanded the features of the card for this segment to its current stage with features such as remittances, mobile top-ups, , personal accident insurance coverage with basic plan as low as for RM5 per month, QR payments, P2P transfers, online purchases, multi lingual application and customer service with eight languages including English, Malay, Nepali, Indonesian, Bengali, Tamil, Chinese and Burmese and with Bank Negara approval to hold up to US$4,517 (RM20,000).