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Press Release

Alliance Cash2home offers Mobile Account Opening & Remittance

Bank leverages on technology innovation to deliver Mobile-First Banking in Malaysia

Kuala Lumpur, 13 June 2017 – Alliance Bank Malaysia Berhad (“Alliance Bank”) and Alliance Islamic Bank Berhad (“Alliance Islamic Bank”) are proud to launch today ‘Alliance Cash2Home’, a first-in-Malaysia mobile foreign remittance application that offers paperless account opening and remittance services via mobile phone, all without the need to go to a bank branch.

The Alliance Cash2Home is primarily destined for foreign workers in Malaysia, and has been designed with the needs of both employers and employees in mind.

The combination of facial recognition biometrics with optical character recognition allows a secure, effective, and convenient way to perform mass account opening on employers' premises. The solution enables the seamless verification of foreign workers’ identity during account opening.

As a result, employees do not need to take leave to complete their banking matters at the bank branch. The Alliance Cash2Home also eliminates any cash handling risks by employers when paying their workers at the end of the month.

“One month ago, we launched our very successful Alliance One Account, which offers a very economic way for consumers to consolidate their loans and lower their monthly payments. The Alliance Cash2Home represents the second installment of a series of innovative value propositions that offer speed, simplicity and responsiveness, while being uniquely aligned to the needs of consumers. This is what the Alliance brand stands for and we are very excited to unveil Cash2Home today, which will be followed by more groundbreaking value propositions for consumers and SMEs”, said Mr Joel Kornreich, Group Chief Executive Officer of Alliance Bank.

“Based on our forward positioning research, we learnt from the business owners that employees usually have to take leave from work to complete their account opening at the bank branch. Their employees told us that remitting money home can be a tedious and time-consuming affair. By leveraging on technology, and working on what our customer needs, we have simplified the process of account opening and foreign remittance to be fast and hassle-free for both employer and employee,” he added.


(from left to right): Mr. Ken Yong, Senior Vice President, Head of Group Transformation Office of Alliance Bank (left), demonstrating the simplicity of Alliance Cash2Home on his smartphone to Puan Fozia Amanulla, CEO of Alliance Islamic Bank (middle), and Mr. Joel Kornreich, Group CEO of Alliance Bank (far right).


The Alliance Cash2Home ushers in a new mobile banking user experience that is both simple and secure.

It uses a new mobile transaction authorization method via a “live selfie” and by securing the smartphone owned by the account holder. Foreign worker employees no longer need to risk handling cash and queuing up at remittance service outlets to remit money home. All they need is their mobile phone and the Alliance Cash2Home application. Regular users of Alliance Cash2Home will also enjoy benefits such as in-app rewards, and mobile prepaid reloads by the next release of the app in July 2017.

Mr Ken Yong, Senior Vice President, Head of Group Transformation Office of Alliance Bank said, “Research data shows that 92% of foreign workers in Malaysia own a mobile phone. Of these, 61% own a smart phone . With Alliance Cash2Home, all they need to do is use their existing mobile phone to download the application from the Google Play Store.”

“We have tested the application with a focus group and received positive results, with 100% acceptance rate from foreign workers. 65% of business owners have also registered interest in signing up for Alliance Cash2Home,” said Mr Yong.

Alliance Cash2Home currently offers foreign remittance service to nine countries with some of the most documented foreign workers in Malaysia, namely Indonesia (Rupiah), Nepal (Rupee), Bangladesh (Taka), Myanmar (Kyat), India (Rupee), the Philippines (Peso), Sri Lanka (Rupee), Pakistan (Rupee) and Vietnam (USD).

For more information on Alliance Cash2Home, please visit or contact us at 03-5516 9988.

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About Alliance Bank Malaysia Berhad
Alliance Bank Malaysia Berhad and its subsidiaries, Alliance Investment Bank Berhad and Alliance Islamic Bank Berhad, is a dynamic, integrated financial services group offering banking and financial solutions through its consumer banking, SME banking, corporate and commercial banking, Islamic banking, investment banking and stockbroking businesses. The Group provides easy access to its broad base of customers throughout the country via multi-pronged delivery channels which include retail branches, Privilege Banking Centres, Islamic Banking Centres, Business Centres, and Investment Bank branches located nationwide, as well as mobile and Internet banking.

About Alliance Islamic Bank Berhad
Alliance Islamic Bank Berhad (AIS) is Alliance Bank’s end-to-end Islamic products and banking specialist. It provides Islamic banking solutions and product expertise to support the Bank's key client segments in the consumer, SME, commercial and corporate businesses. All AIS’ banking products and solutions complies strictly to the fundamental tenets of Shariah banking and financing in Malaysia.

AIS aims to promote Islamic banking as a sustainable, ethical and socially responsible business, and is proud to contribute towards the country’s efforts in making Malaysia an International Islamic Financial Centre.

For more information on this press release, please contact Agnes Ong, Tel: (03) 2604 3378 or e-mail at


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