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...

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Edited by Vincent J Morkri

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