PT Bank Maybank Indonesia Tbk launched a Fast Remittance feature on its M2U ID app with cross-border payments infrastructure provider Nium on October 15, 2026, starting with five foreign currencies. The bank says the Malaysian ringgit is under consideration for the next phase as it expands its international transfer services.
Key Facts At A Glance
- Maybank Indonesia launched Fast Remittance on its M2U ID app on October 15, 2026, at a press conference in Jakarta.
- The service was developed with Nium, a provider of cross-border payment infrastructure.
- Five currencies are supported at launch: the Singapore dollar, Australian dollar, British pound, euro and Hong Kong dollar.
- The standard fee is a flat US10 per transaction regardless of amount, with a promotional rate of US2.50 until December 2026.
- The bank says transfers are processed in near real time, at any hour.
- The Malaysian ringgit is under review for the next phase.
- Maybank Indonesia reported net profit of Rp689 billion for the first half of 2026, up 21.2%.
PT Bank Maybank Indonesia Tbk (Maybank Indonesia) has introduced Fast Remittance, an international fund transfer feature on its M2U ID mobile banking app. The bank built the service with Nium, a company that provides cross-border payment infrastructure, and launched it on October 15, 2026, at a press conference in Jakarta.
At launch, customers can send funds in five currencies: the Singapore dollar, Australian dollar, British pound, euro and Hong Kong dollar. According to the bank, the service links its digital banking platform and customer base with Nium’s global payment network.
Pricing And Service Design
Fast Remittance carries a flat fee of USD10 per transaction. Until December 2026, Maybank Indonesia is offering a promotional rate of USD2.50 per transaction.
Reika Widyadara Indah, the bank’s head of cash management, said the service sends funds in near real time, day or night. She said each transfer carries the same flat fee, whatever the amount.
Bambang Andri Irawan, Maybank Indonesia’s IT and digital director, said customers’ financial needs increasingly cross national borders. He said a relevant bank should support customers across borders quickly, transparently, securely and affordably, and that the bank wants its digital capabilities connected to a wider network. The bank said the feature forms part of the development of its transaction banking solutions.
Ringgit Under Consideration
Charles Budiman, head of digital banking at Maybank Indonesia, said the service is being rolled out in phases. He said the first five currencies were chosen based on demand from existing customers.
Asked whether Malaysia could be among the next destinations, Budiman said it is on the bank’s list. He noted that Maybank Indonesia is also a Malaysian company. Maybank Indonesia is part of the Malaysia-based Maybank Group. The bank has not announced a timeline for adding the ringgit or any other currency.
Financial Context
Maybank Indonesia reported net profit of Rp689 billion for the first half of 2026, up 21.2% year on year. Net interest income grew 3.9% year on year over the period, and fee-based income rose 8.0%.
Publicly available information on the partnership remains limited. Maybank Indonesia and Nium have not disclosed the commercial terms of their arrangement, transaction limits for the service, or volume targets for Fast Remittance.