SingTel to offer mobile remittance by end-2012

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http://www.straitstimes.com/breaking-news/singapore/story/singtel-offer-mobile-remittance-end-2012-20120913

Sending money will soon be as simple as sending a text message.

The service, called mRemit, is Singapore's first mobile-to-mobile remittance service to be launched by SingTel later this year.

Unlike traditional remittance services, mRemit will allow money to be wired to an overseas recipient instantly, SingTel said.

The service is primarily targeted at foreign workers and their employers here who subscribe to SingTel's mobile services.