Dubai, UAE -- (SBWIRE) -- 04/06/2011 -- Mobile financial solutions provider Luup today outlined key success factors for building a seamless remittances ecosystem that enables migrants in the Middle East to easily transfer funds to challenging geographies such as Indonesia.

At the MTD conference held in Dubai by the IAMTN, the international trade association for the money transfer industry, Saqib Iqbal, Regional Director Asia Pacific for Luup, reinforced: “Users want cost-effective interconnected money transfer services that they can access from any provider, anytime, anywhere.” He added: “Mobile technology enables such efficient services, yet they depend on co-operation and the building of payments gateways, seamless remittance interconnections and cash-out facilities.”

The fast growing numbers of Indonesian migrants in the Middle East in particular are set to benefit from this increased convenience.

The UAE, for example, ranks fourth globally with its sending volume to Indonesia and Luup already has an established payments gateway serving users in the Middle East.

Seizing this opportunity to bring cost effective, real time remittance solutions to its customers, DHASATRA Indonesian Remittance, has joined Luup’s expanding, open mobile money transfer ecosystem. Luup’s presence in the Middle East provides the Indonesian company with access to more sending institutions and other key partners.

In 2010 alone inbound remittances to Indonesia amounted to around US$ 11Bn (AED40.39 Bn). Yet Indonesia is a particularly challenging geography due to a largely unbanked population spread over hundreds of islands. The proliferation of mobile phones though makes it highly conducive to mobile enabling services. Luup will mobile enable the inbound remittance corridor to Indonesia for DHASATRA and the subsequent distribution into their extensive network in the country. Both banked and unbanked will be able to remit into bank accounts of 120 banks or cash out from bank and post office branches as well as telecom franchisees.

Nicolas R. Dharmawan, President Director of DHASATRA, joined Luup at the MDT conference in advocating seamless mobile money transfers and gave examples of business benefits his company is gaining: “Partnering with Luup brings more remittances volume and traffic to DHASATRA and ultimately increases revenue. We are also excited about opportunities we will be able to pursue in Indonesia for our users, such as m-commerce and domestic mobile money transfers, as the partnership evolves further.”

The Money Transfer Dubai conference was held on the 29th March in Dubai and Luup demonstrated its solutions on its stand as well as speaking on the conference stream ‘Business opportunities and Challenges’. For further details see http://www.iamtn.org