October 2017 in Singapore TransferTo sees 8X revenue growth in International Money Transfer transactions over a 6-month period
· Over 6.3 million unique transactions across TransferTo’s Cross-Border Payments Network in the past 6 months
· TransferTo interconnects financial institutions, organisations and global merchants to facilitate mobile-based money transfers to and from emerging markets
TransferTo, a global B2B Cross-Border Mobile Payments Network, is today, announcing record growth across its International Money Transfer business. More than 6.3 million transactions were processed across the Network over the past six months, representing an 8x* increase in revenue for the business line. The majority of transactions came from the Middle East, South-East Asia, Europe and Intra-Africa.
Already being an industry leader in the mobile airtime space, and spurred on by the explosive growth of smartphone ownership, TransferTo launched its unique and comprehensive Money Transfer Network in 2016, and has since been experiencing exponential growth. The technology links money transfer operators, digital financial services operators, mobile wallets providers, financial institutions, NGOs and global merchants to facilitate mobile-based money transfers to and from the emerging markets – all through one single API connection, commercial relationship and daily bilateral settlement.
Partners can rely on TransferTo’s connected and fully compliant Cross-Border Payments Network to offer their customers a solution to seamlessly transfer money to over 135 countries using more than 100 currencies. Funds are delivered in real-time, using a competitive FX rate with complete fee transparency.
More information can be found by visiting: www.transfer-to.com
This article was also feature on Mobile World Live here.