Flip presents international transfer service for companies

ILLUSTRATION. Flip for Business: Business transaction automation solution, complete thousands of transactions with few clicks in seconds

Reporter: Selvi Mayasari | Editor: Herlina Kartika Dewi

KONTAN.CO.ID – JAKARTA. Flip, a financial technology company as a consumer payment platform, brings international remittance services to the Flip for Business B2B solution.

This feature allows businesses to send money to up to 1,000 overseas accounts, both personal and business, in real-time at an affordable cost. Entrepreneurs can use international transfer services on Flip for Business from January 2022.

Henri Halim, Flip’s VP Enterprise Growth & Business Development, said his party recognized the need for money transfers from entrepreneurs abroad, such as remittances to partners or suppliers who were immediately abroad.

“That’s why we introduced the international transfer function in our B2B solution Flip for Business,” said Henri on Thursday (April 21).

Also read: Fintech businesses are taxed, here is the players answer

Already licensed by Bank Indonesia, Flip for Business’ international transfer feature charges a fee per successful transaction with no hidden fees and a more competitive transfer rate compared to other international transfer services.

In addition, Flip for Business’ international remittance service processes transactions much faster than traditional services, and proof of remittance is sent to the recipient’s email address so that it can be properly monitored.

Currently, the International Transfer Flip for Business service can serve multiple countries namely Singapore, Malaysia, Thailand, Japan, UK, Australia and Germany. These countries are the most requested countries by businessmen in Indonesia. However, Flip will continue to add more countries in the future.

Flip for Business is a multi-function business transaction automation solution, namely money transfer, accept payment and international transfer. Flip for Business is considered a reliable solution due to the high level of integrated technology that is secure on just one platform.

This service also reflects Flip’s efforts to facilitate and support the smooth flow of money transfers between countries, particularly from Indonesia to abroad.

Also read: Flip serves international money transfers to over 40 countries

“Flip hopes to continue to serve more companies and business owners in Indonesia through B2B financial solutions for both domestic and international money transfers and payments. Through this initiative, we hope to support financial transactions across all segments,” explained Henri.

In late 2021, Flip also secured a $48 million Series B funding led by Sequoia Capital India, Insight Partners and Insignia Ventures Partners.

In the future, Flip will continue to strive to provide innovations and solutions for the Indonesian people to support digital financial transactions domestically and internationally.

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