Merchantrade Asia
Merchantrade Asia (Merchantrade) is a Money Services Business (MSB), Digital Payment Service (Issuing and Acquiring) and Mobile Virtual Network operator (MVNO) provider, based in Malaysia. The company’s core business is centered on international money transfers, foreign currency exchange, wholesale banknotes, digital payment processing and mobile telecommunications. They recently introduced micro insurance as part of their service offerings. Merchantrade Asia operates 90 outlets, 5 main wholesale banknote trading hubs and more than 400 agent locations throughout Malaysia. Services. Money Services Business (MSB). The company offers international remittance services, currency exchange and wholesale banknote services as part of its  money services business segment. The company is also a member of the "Malaysian Association of Money Services Business" (MAMSB) and International Association of Money Transfer Networks (IAMTN). International Money Transfer. Merchantrade has branches throughout Malaysia and an online money transfer portal that offers money transfer services to major countries like USA, Australia, New Zealand, Canada, India, Bangladesh, Nepal, Indonesia and more. Their services are mainly used by parents sending money to their children studying overseas, expats in Malaysia sending money to their families back home and small to medium businesses transferring funds to suppliers and vendors in other countries. Foreign  Currency Exchange. Merchantrade also offers retail and online currency exchange services. Some of the key outlets are located in high end malls in Kuala Lumpur, such as Pavilion, Suria KLCC and Imago, Kota Kinabalu. Payments (e-money issuer). A non-bank issuer of multi-currency e-wallet with a VISA accepted prepaid card in Malaysia. The e-wallet is able to exchange directly into 20 foreign currencies and make payments directly with the card. Within the e-wallet, users may transfer funds, track expenses, make retail payments in different currencies, reload international & Malaysian prepaid mobile sim accounts as well as  withdraw foreign cash from ATM around the world. Mobile Virtual Network Operator. A mobile virtual network operator (MVNO), through a partnership with Celcom Axiata to offer International mobile direct dial (IDD), high speed 4G LTE mobile internet and international airtime credit transfer.