One World Ventures Expands Remittance Capabilities Into Indonesia
09 Juin 2010 - 3:29PM
Marketwired
One World Ventures, Inc. (PINKSHEETS: OWVI) announced today One
World Ventures Expands Remittance Capabilities Into Indonesia.
1World Cash, its money transfer service and a provider of prepaid
cards, announced that it has added Indonesia as a remittance
destination. Through its 1World Cash stores and agency franchise
locations, 1World Cash can now provide cost effective remittance
options with real time bank transfers for more than 150,000 of the
Indonesian migrant workers who live in Hong Kong.
The Indonesian migrant work force in Hong Kong represents the
largest group of overseas workers in the territory. Indonesia
migrant workers are employed in many industries and as domestic
helpers. In 2009, an estimated $8.3 billion in remittance was
transmitted to Indonesia and 81.9% of Indonesian migrants make use
of bank transfers when remitting money, but only 32% have bank
accounts, according to the World Bank. 1World Cash is providing
access to the banking systems to these under banked migrant
workers, empowering and providing an easy and secure remittance
program.
The Indonesian market and the large Filipino migrant worker
force that it's already serving keeps 1World Cash focused and
following through with its marketing goals. 1World Cash is now
serving the Filipino community in Hong Kong and by the end of June
will be connected to 6000 pay out locations in the Philippines.
1World Cash is now positioned as the newest and a powerful
remittance program in Hong Kong. "We are rapidly exceeding our
growth goals for the 1World Cash system," CEO Steve Prior
explained. "With 1World Cash remitting to two countries and
expanding locations in Hong Kong, we continue and expect to exceed
our goals for 2010."
About One World Ventures, Inc.: One World Ventures, Inc.
(1worldventures.net) is a holding company with management resourced
in Asia, Mexico and the United States that invests in technologies,
communities and systems that facilitate trade, finance,
communication and travel across international boundaries, cultures
and languages.
Safe Harbor Statement: Any statements contained herein related
to future events are forward-looking statements and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on forward-looking statements. One World Ventures,
Inc. undertakes no obligation to update any such statements to
reflect actual events.
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Contact: One World Ventures, Inc. investors@1worldventures.net
Website: www.1worldventures.net
One World Ventures (CE) (USOTC:OWVI)
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