Leading innovation in remittance through strategic partnerships

Welcome address by Valyou CEO, Khurram Malik at Valyou-MTB-bKash Product Integration Launch on Friday, 23 March 2018 in Kuala Lumpur

Good afternoon. It is both an honour and a privilege for me to welcome you to Valyou product integration launch. First of all, on behalf of Valyou, I would like to thank Mutual Trust Bank, bKash, and our cash-in-cash-out merchants for joining us this afternoon. We are honoured by the presence of all Valyou partners at today’s ceremony.

Today’s launch is a long time coming. Over a year ago, my team began exploring the idea of wallet-to-wallet remittance. Naturally, we looked within the Telenor family and began working with Telenor Microfinance Bank to introduce Malaysia’s first wallet-to-wallet remittance to Pakistan with Easypaisa. We gained some valuable insights on digital customer behaviour and developed important learnings to overcome technological limitations from working with Easypaisa and Telenor Microfinance Bank.

We brought the insights and learnings from the integration with Easypaisa to this partnership with bKash. This product integration would not have been possible without Mutual Trust Bank who came in as our inward remittance clearing partner. We are also very grateful for the guidance and support by Bank Negara Malaysia.

This partnership with Mutual Trust Bank and bKash embodies ‘Enhancing Lives’, our grand vision to promote greater financial inclusion through technology. Our customers send home their hard-earned money to provide for their family’s education, health, and wellbeing. At Valyou, we take pride in empowering our customers to contribute towards the social and economic development of their home countries.

Our number-one priority is to deliver greater convenience and ensure peace of mind for our customers in Malaysia and their families back home. To do this, we work really hard to push technological boundaries and constantly innovating our products and services. We believe that radical innovation in the Malaysian remittance industry will not only reduce the cost of cross-border transactions but also mitigate the risks of money transfer through informal channels.

Today, we not only celebrate another important milestone for Valyou, but also the strategic partnerships that we have cultivated for the past two years in the financial services sector and within the business community at large. These strategic partnerships have made it possible for us make the leap to innovate the remittance industry in Malaysia and beyond.

Thank you.


Please direct media enquires to press@valyou.com.my.

Valyou is a Malaysian mobile financial services business unit of Telenor Group licensed and regulated as a money services business (MSB) and approved to issue e-money by Bank Negara Malaysia. Send money from Malaysia to Indonesia, Nepal, Bangladesh, India, Pakistan, Philippines, Vietnam, China and Cambodia from a branch, through an international remittance agent or via mobile wallet app. Valyou mobile wallet app features also include peer-to-peer transfer, prepaid top-up, bill payment and more.