Postal money order exchange service established between Maldives and Japan

MALE, May 13 (HNS) – Maldives Post Limited has on Monday established postal money order exchange services between Maldives and Japan. A flat rate of 2.5 percent is charged as commission for the service, MPL's managing director Mohamed Shihab said. It takes about four to five days for money orders to be received to either of the countries, he said. International money order services are now given by Maldives to Japan, Sri Lanka and Bangladesh. Shihab said that MPL is trying to set up money order services to other countries as well. MPL gives electronic money order services to many countries. Electronic money order is a fast service with money received on either end in about 10 minutes time. However, commission is charged as a percent of the money sent.