WorldRemit partners with TransferTo to offer cross border top-up
14th February 2012, London - Singapore – WorldRemit, the leading online money transfer company, has today announced the launch of an international airtime transfer service developed in partnership with TransferTo.
TransferTo is an Ingenico company and leading provider of international top-up services. It provides the commercial & technical integration with mobile operators around the globe, while WorldRemit offers the transfer of mobile phone credit to the destination handset from the send country.
International remittances provide a lifeline to millions of people in developing countries, who rely on the financial support of migrant workers abroad.
Building on more than 20 years experience working with developing nations, the launch of international airtime transfer service TransferTo means WorldRemit can effectively address one of its customers’ most pressing requirements: the ability to transfer pre-paid mobile phone calling credit in small amounts. Over time, international mobile phone top-ups have become the ideal low cost, high value complement to online money remittances. For some senders, airtime transfer is the perfect way to make an instant gift for special occasions, while for others it is a way to ensure the value sent is being used for its intended purpose.
WorldRemit’s CEO and Founder, Ismail Ahmed, said “Thanks to the partnership with TransferTo, we can now offer an additional and innovative receive option and also extend the scope of remittance recipients to other family members and friends. With the largest receive coverage in the industry and great technology, we selected TransferTo as our preferred choice of partner.”
Eric Barbier, CEO at TransferTo added, “the addition of WorldRemit as a key sending partner demonstrates, once more, that international airtime transfer services and more generally, international utility bill payments perfectly fit the beyond money needs of the customers served by Money Transfer Operators”
WorldRemit’s cross border top-up service, available at www.worldremit.com enables airtime transfers to over 80 countries. Customers can make payment using a wide range of payment options including debit cards, credit cards and local payment methods.
About TransferTo
TransferTo is a Global Airtime Remittance Hub that interconnects mobile operators’ prepaid systems to deliver end to end cross border top-up services. TransferTo is the only fast, convenient and reliable solution enabling the transfer of small amounts of value in the form of prepaid mobile credits, the ideal lowcost, high value complement to cash remittances. TransferTo has been designed for migrants and travellers, who can now remotely recharge the prepaid phones of their loved ones back home from their mobile phones, the Internet or at a retail location. TransferTo is a must have Value Added Service for Mobile Network Operators, Retailers, Money Transfer Operators and Financial Institutions targeting the ethnic market segment. With a global reach over five continents,TransferTo is the leader in international prepaid airtime remittances, and enables real time prepaid top-up transfers to over 230 partner Mobile Network Operators in 80 countries, reaching 3.6 billion prepaid users.
TransferTo is part of Ingenico (Euronext: FR0000125346 - ING) the world’s leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries. Its 3,500 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue.
For more information, visit www.transfer-to.com
Media Contact:
Erik Van Thielen
mob.: +6563457022
e-mail: erik.van-thielen@transfer-to.com
About WorldRemit
WorldRemit is an innovative online money transfer business enabling migrants to send money to family and friends back home. The service offers recipients an extensive range of pay-out options including instant cash pickup, bank deposits, transfers to mobile accounts and airtime top-up. WorldRemit now offers online remittances to more than 100 countries.
WorldRemit is transforming the way people do international money transfer, which provides livelihoods to millions of people in the developing world. Migrants can now send money from the comfort of their own home 24/7. They no longer need to travel to agent locations or queue up at bank branches to send small regular transfers.
For more information, visit www.worldremit.com
Media Contact:
Martina Moh
Tel: +44 207 148 5800
PR@worldremit.com