The Teratai Group of Companies has been involved in the currency exchange business for more than 30 years since its inception. SMJ Teratai is part of the Teratai Group of Companies with a paid up capital of more than RM2 million and is one of the 4 companies in Malaysia carrying the CLASS “A” MSB license to carry out money remittance services in accordance to the Exchange Control Act 1953.
Advanced Information Technology adaptation, value added services and innovative business channels has made SMJ one of the remittance operator of choice amongst immigrants, foreign workers and expatriates in Malaysia. SMJ has extended its client base to include not just individual clients, but to corporate clients as well such as GLC’s, Multinationals and SMEs.
SMJ is also one of the founding members of the Malaysian Association of Money Services Business (MAMSB) which represents the money services business nationally.
SMJ is currently one of the top achievers in the industry with a yearly growth of more than 100 % every year and is set to achieve annual sales of more than RM1 billion in 2015.