NEWS
Clarification on the article appeared on Straits Times on 08 June 2020, titled: "Free and easy way for migrant workers to remit money".
Fintech start-up Remsea is working with migrant workers and their employers to remit salaries from the payroll, which would save them the need to stand in line on their days off for remittance services.
Under this initiative that started last month, workers agree to have a portion of their salaries sent back to their home countries, and provide information on their beneficiaries. Workers are informed once the transaction is completed.
Remittance fees are currently waived, and Remsea plans to waive fees for at least the next three months. Fees typically range from $8 to $15 per transaction.
Remsea collaborates with major construction company and foreign worker dormitories to ensure continued remittance services for foreign workers affected by Covid-19 Circuit Breaker measures
Remsea collaborates with major construction company and foreign worker dormitories to ensure continued remittance services for foreign workers affected by Covid-19 Circuit Breaker measures In line with MOM’s advisory on safe distancing measures Ease of remittance without compromising on customer due diligence measures Social responsibility to ease worries during the stressful period SINGAPORE—Remsea …