Company was established as Dinar Traders Corporation on 8 February 1999 and was licensed under the Money Changing Act 1998 to conduct money changing business with a paid-up capital of RM300,000.
With the coming into force of the Money Services Business Act 2012, Dinar Traders officially changed its name to KL Remit Exchange Sdn Bhd (KL Remit) with a paid-up capital of RM2 million.
Bank Negara Malaysia granted a Class A license to KL Remit Exchange in June 2012 which enabled it to conduct remittance and money exchange business.
Kl Remit has a total of 12 branches which are all already operating in various locations and the latest branch is in Brickfields.
We provide remittance services to Indonesia through our 3 partner banks and we have recently launched our strategic partnership with ICICI Bank of India. Our next strategic partner will be MoneyGram and more similar link-ups with reputable international remittance service providers will be launched progressively. This is to provide our customers with a wider options and destinations.
In total we have more than 10 years experience in money service business and this experience will make a vital difference in the quality and level of services we offer to our customers.
Service /Price Details
- Remittance Services
We are currently handling remittances to the whole of Indonesia through our Indonesian business partner banks, BNI, BRI and BCA. We endeavour to deliver our customer’s remittances to their intended recipients within 1 hour or the latest within one working day.
We have recently launched of our strategic partnership with ICICI Bank from India. With this strategic partnership we provide remittance services to all over India through ICICI Bank and to any bank in India. We will be expanding our services to more countries gradually.
- Money Exchange Services
Money Exchanges are provided in our branches for those wishing to convert MYR to foreign currency or foreign currency to MYR. Our trained staff will be able to advice you and manage your requests and requirements.