Merchantrade Asia

Merchantrade Asia (Merchantrade) is a financial service company based in Malaysia. The company's business is centered on international money transfers, foreign currency exchange, wholesale banknotes, digital payment processing and mobile telecommunications.[1] They also introduced microinsurance as part of their service offerings.[2]

Merchantrade Asia operates 94 outlets, 5 main wholesale banknote trading hubs, more than 450 agent locations and 480 cash-in and cash-out merchants throughout Malaysia.[3][4] Its institutional shareholders are Celcom Axiata Bhd,[5][6] Kenanga Investment Bank[7][8] and MCIS Insurance Berhad (MCIS Life).

  1. ^ "Money Transfer Process – Sending and Receiving Money". Global Money Transfer. September 24, 2013. Retrieved May 22, 2017.
  2. ^ "AXA Affin General Insurance Berhad and Merchantrade Asia offer insurance protection for migrant workers". www.malaysian-business.com. Retrieved December 26, 2018.
  3. ^ "Archived copy" (PDF). Archived from the original (PDF) on November 7, 2017. Retrieved May 3, 2017.{{cite web}}: CS1 maint: archived copy as title (link)
  4. ^ "Merchantrade target RM4.1b remittance transactions in 2015". The Star Online. May 11, 2015. Retrieved December 10, 2019.
  5. ^ "Celcom buys a 20% stake in Merchantrade". The Malaysian Reserve. March 31, 2017. Retrieved December 4, 2020.
  6. ^ "Axiata to have digital financial service JV with Merchantrade | The Star". www.thestar.com.my. Retrieved December 4, 2020.
  7. ^ "Kenanga Investment Bank Acquires Stake In Malaysia's Largest Money Services Business Operator Merchantrade Asia". Kenanga Group. October 28, 2020. Retrieved December 4, 2020.
  8. ^ "Kenanga buys a minor stake in money services operator Merchantrade". The Edge Markets. October 28, 2020. Retrieved December 4, 2020.