The Jakarta Post, Jakarta | Wed, 05/04/2011
Indonesia’s biggest private lender by assets, PT Bank Central Asia (BCA), on Wednesday launched a new service to assist in cash transfers from overseas to Indonesia, working in cooperation with global payment service provider MoneyGram International.
BCA vice president director Jahja Setiaatmadja said customers could directly withdraw money transferred from overseas at any of BCA's 906 branches across Indonesia.
“The funds can be withdrawn in around 10 minutes,” Jahja said as quoted by kompas.com.
Indonesians working overseas and doing business abroad would benefit most from the new service, Jahja said.
BCA has been working on the remittance of Indonesian migrant workers for the past 10 years, he added.
In 2010, the bank handled more than US$6.7 billion worth of remittance involving more than 4.3 million Indonesians working abroad.
“A new partnership with MoneyGram will provide add more ways for senders from all over the world to transfer cash in quick and safe way,” Jahja said.
BCA will not charge customers to withdraw cash transferred using the MoneyGram service, he said.
A PIN number will be produced in every transaction and customers will be required to show this number and a valid ID card on withdrawal of MoneyGram funds at BCA branches, he said.
The bank also plans to extend the facility to BCA automated teller machines.
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