Sampath extends partnership with Merchantrade | Sunday Observer

Sampath extends partnership with Merchantrade

19 March, 2023

Merchantrade Asia, a remittance hub, popular among migrant worker communities in Malaysia, has mapped out strategies with Sampath Bank to provide ease-of-access for remittances by Sri Lankan’s living and working in Malaysia.

This partnership has been elevating the lives of these Sri Lankan’s for over seven years and this expansion provides them further access to services in this regard.

Mechantrade is a licensed remittance company and being the leader in Remittance and Digital Payments space offers currency related services via 94 owned branches and 450 agent locations in Malaysia having over 350,000 pay out locations worldwide, providing money transfer services to over 40 countries.

As Asia’s leading Fintech player, Mechantrade is SEA’s and Malaysia’s largest non-bank and is the creator of the fastest growing e-wallet and leading micro-insurance provider.

With a considerable number of Sri Lankans expected to migrate to Malaysia for employment the collaboration of these two institutions will ensure well- formulated strategies to secure this sizable share of the prospective market.