eRemit Singapore, HLAS partner for insurance for migrant workers
eRemit Singapore is also expanding its remittance services to a business audience.
eRemit Singapore has partnered with Hong Leong Assurance Singapore (HLAS) for a new insurance scheme for migrant workers in Singapore, an announcement read.
This marks the company’s entry into the insurtech space and the first firm to provide an insurance package that covers migrant workers during and outside of work for the majority of occupations.
eRemit Singapore is also expanding its remittance services to a business audience, particularly small- and medium-sized enterprises (SMEs).
Its new international business remittance platform supports faster and more flexible business transfers to six countries within Asia Pacific.
It is launching its B2B international remittance service for payments across Southeast Asia to continue powering business growth for SMEs in the region. Registered businesses in Singapore can now transfer up to S$250,000 to Malaysia, Indonesia, Philippines, Thailand, Sri Lanka, and Australia.