Bank Rakyat to offer money transfer service to Indonesia

Bank Rakyat is expected to offer money transfer service to Indonesia in the second quarter of this year.

In a statement today, the largest Islamic cooperative bank in Malaysia, said it was awaiting the approval from authorities, including Bank Negara Malaysia.

"This service is through Bank Rakyat Indonesia's remittance system, also known as 'BRIfast'," the bank said.

-- BERNAMA