Bitspark, an Asia-based crypto currency platform, is diversifying its service offerings by providing remittance services to the large population of Indonesian migrant workers in Hong Kong. The company offers a flat fee for its services at US $3.22 a transaction vs. a typical 5-10% commission charged by other companies. This comes after launching a similar service for Filipino migrant workers.
Bitspark is targeting Hong Kong's sizeable population of Indonesian migrant workers with a new bitcoin-enabled remittance corridor. The announcement comes just a month after launching an identical service servicing the Philippines. The firm is pitching its low-cost way of sending money back home to more than 165,000 Indonesians residing in Hong Kong – 90% of whom are employed as foreign domestic helpers, according to the Census and Statistics Department.