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 a cross-border money transfer service provider today announced that they will work together with major construction company and foreign worker dormitory providers to ensure foreign workers continues to have access to remittance services during the Covid-19 Circuit Breaker period.
Singapore has implemented the Circuit Breaker measures to help curb the spread of Covid-19. Foreign workers are especially affected due to the widespread number of cases within their dormitories. During this period, many foreign workers are unable to remit their salaries to their families back in their home country.
With festive season such as Hari Raya Puasa round the corner, the Company hopes to leverage its technology with personalized approach to assist foreign workers in sending their money home, more so for those who hail from Bangladesh, where many of them are Muslims.
In line with MOM’s advisory on safe distancing measures
Although Covid-19 Circuit Breaker measures meant ceasing of work for non-essential foreign workers, their salaries remain unaffected. In line with MOM’s advisory on Covid-19 employer-assisted remittance for foreign workers residing in dormitories, Remsea implemented the service of having seamless remittance through the foreign workers’ payroll. This collaboration has helped many workers to continue send money to their families without the need to go through traditional money transfer for the purpose of safe distancing.
Ease of remittance without compromising on customer due diligence measures
Essential information for the remittance is collated and verified with the help of the companies and dormitories. The foreign workers would also be informed of successful remittance once the transaction is completed.
“We look towards extending this collaboration beyond Covid-19 Circuit Breaker period. Afterall, our aim is to bring remittance to our customers while ensuring convenience, competitive rates and security.” said Mr. Bernard Lim, General Manager of Remsea.
Social responsibility to ease worries during the stressful period
As part of Remsea’s social responsibility and in order to provide comfort to the foreign workers who are facing worries and stress from the Covid-19 Circuit Breaker measures, Remsea will be waiving transaction / service fees for the foreign workers who are remitting funds back to their families through the collaboration.
Remsea will also be reaching out to Non-Government Organizations (NGO) to extend services to more foreign workers who may have fallen through the gaps.
“Covid-19 has affected the foreign workers greatly with the number of cases soaring daily within dormitories. The Circuit Breaker measures affects the foreign workers staying in dormitories much more than many others who aren’t. They face the pressure from fear and uncertainty from the halt in jobs. I am a firm believer of “He who has never denied himself for the sake of giving, has but glanced at the joys of charity”, as quoted by Anne Swetchine. This is the time where we can help relieve some of these stresses by absorbing the cost of remittance and help give some joy to the foreign workers during this festive period.” said Mr. Bernard Lim, General Manager of Remsea.
Contacts:
Remsea Pte Ltd
Bernard Lim
+65 8399 6693
Info@remsea.com
Read more at: https://remsea.com/news
Remsea is a young fintech start-up specialising in cross border money transfer and forex liquidity. Founded in 2018 by a group of fintech veterans, Remsea aims to bring the convenience of money transfer to senders and businesses in Singapore. Through its proprietary algorithmic platform, Remsea looks to offer the most competitive forex rates without compromising on security and ease of money transfer.