ZendMoney: Putting cash back into the pockets of Indonesian migrant workers
- Indonesia
- 5 min read
- Sep 30, 2019
- By Putu Agung Wija Putera
ZendMoney's unique remittance concept has already helped 90,000 migrant workers send money back home
Migrant workers have long contributed to Indonesia’s economy. Last year alone, 3.5m of them sent an estimated US$10.9bn in remittances back home. These migrant workers, ranging from housemaids to factory workers, earn more working abroad than they could doing the same jobs back in Indonesia. The money they send home has often helped lift their families out of poverty and injected fresh funds in local economies throughout the archipelago nation.
But there are two crucial problems migrant workers face in sending money home. The first involves unfavorable exchange rates and fees, which...
But there are two crucial problems migrant workers face in sending money home. The first involves unfavorable exchange rates and fees, which...
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