MariBank has introduced a new remittance service for both retail and business users, becoming the first digital bank in Singapore to offer such transfers across both segments.
The service, called MariBank Overseas Transfers, allows users to send money to 13 destinations in 10 currencies with competitive exchange rates.
Currently available on an invite-only basis, the full launch is expected by the end of April, with more destinations to be added in the coming months.
Transfers are processed either immediately or within one to three business days for most countries.
SMEs will receive the full transferred amount with no extra charges, and the service is designed to support businesses that make larger transfers.
MariBank said it will support payments to Mainland China in Chinese Yuan through platforms such as Alipay, UnionPay, and wire transfers.
Transfers in Indonesian Rupiah and US Dollars are also available, with the bank highlighting cost savings on popular routes.
As part of a promotional campaign, MariBank is currently offering zero transfer fees, with terms and conditions applying.
MariBank is a digital bank licensed in Singapore and backed by e-commerce firm Sea Group.
“At MariBank, we’re deeply committed to listening to our customers and understanding their evolving needs.
With products like MariBank Overseas Transfers, we’re not just providing solutions—we’re making banking more accessible, affordable, and tailored to the needs of customers,”
said Natalia Goh, CEO of MariBank.
The launch of MariBank Overseas Transfers follows the introduction of Mari Invest Income in February, marking its latest move to expand offerings for both retail and SME customers.
