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Flip for Business launches International Transfer service for enterprises
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Leading Indonesian fintech company Flip has introduced an International Transfer service for its Flip for Business customers.
Through the International Transfer feature, companies can send money to up to 1,000 overseas accounts simultaneously at an affordable cost, both to personal and business accounts in real-time. The feature has been made available on Flip for Business from January 2022.
Henri Halim, Flip vice president of enterprise growth and business development, explained that the company understands the urgent need for simultaneous money transfers abroad by entrepreneurs.
“For example, transfers to partners and suppliers who are abroad at once. That's why we launched the International Transfer feature on our B2B solution, Flip for Business.” said Henri, on Thursday.
Licensed by Bank Indonesia, the International Transfer feature on Flip for Business applies a fee per successful transaction with no hidden fees along with a more competitive remittance rate compared with other overseas remittance services.
In addition, the International Transfer service on Flip for Business processes transactions much faster than conventional services, with the proof of transfer being sent to the recipient's email so that it can be monitored properly.
Currently, the International Transfer Flip for Business service serves accounts in Singapore, Malaysia, Thailand, Japan, the United Kingdom, Australia, and Germany. These countries are the countries most in demand by Indonesian businesspeople in Indonesia, though Flip will continue to add more countries in the future.
Flip for Business is a business transaction automation solution with several features, such as Money Transfer, Accept Payment, and International Transfer. The service is a trusted and reliable solution thanks to its high level of integrated technology and security in one platform.
The International Transfer service is a manifestation of Flip's efforts to facilitate and support the smooth flow of money transfers between countries, especially from Indonesia to abroad.
“Flip hopes to continue to help more companies and business owners in Indonesia through B2B financial solutions, both for domestic and overseas money transfers, as well as receiving payment. Through this initiative, we hope to be able to assist financial transactions in all segments to reflect to our tagline, #FlipBuatSemua,” Henri explained.
Flip was founded by University of Indonesia alumni Rafi Putra Arriyan, Luqman Sungkar and Ginanjar Ibnu Solikhin, who started the company while studying in 2015. In late 2021, Flip secured US$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 domestic and international digital financial transactions. For information about Flip for Business, visit flip.id/business.
