Thanks to an application available on all Ingenico i8550 wireless payment terminal, migrants can now send small amounts of value in a fast, secure and reliable way
(PRWEB) October 12, 2008
Singapore and Neuilly-sur-Seine, France (PRWEB) October 13, 2008 -- Transfer To™, a leading global mobile airtime network, and Ingenico, the world leader in transaction and secure payment solutions, announces their partnership. They created an application on i8550 terminals specially designed for migrants to ease the remittance of airtime to their friends and relatives prepaid mobile phone account back in their country of origin.
200 million people around the world are working and living in a country other than their home one. These migrants are remitting back home over $300 billion every year. Out of the 3.1 billion mobile subscribers worldwide, 2 billion are prepaid. They perform 49 billion top-up a year.
With its global mobile airtime network, Transfer To™ brings an innovative solution truly relevant to foreign commu-nities. It complements their existing regular remittance and opens a new market for small value transfers. In particular, it solves the problem of sending small amounts, on special occasions (birthdays, festivals, etc.) and sending to friends and relatives that are not the usual recipient of their remittance.
"In emerging countries, airtime is a key element of people's everyday life as they can send it to each other," said Eric Barbier, Managing Director, Transfer To™. "They also rely on the support of their family members abroad for their airtime needs. For instance, an Ivorian working in France buys airtime and sends it to his young sister in Ivory Coast. She can then exchange it for cash at its local retailer with a small fee. Transfer To™ innovative solution totally suits these usage patterns, especially for small value transfers."
"Thanks to an application available on all Ingenico i8550 wireless payment terminal, migrants can now send small amounts of value in a fast, secure and reliable way," asserted Pierre Girardon, VP Global Sales. "Enabling Ingenico terminal to offer international airtime is a significant source of new revenue for all local retailers."
Transfer To™ will be present at Gitex Technology Week in Dubai, UAE from 19-23 October, 2008, and AfricaCom in Cape Town, South Africa from 18-19 November, 2008. Ingenico will attend Cartes 2008 in Paris, France from 04-06 November and Cardex Middle East in Dubai, UAE from 18-19 May 2009.
About Transfer To™:
Powered by Fixed & Mobile, Transfer To™ is a global mobile airtime network enabling small value transfers through mobile phone. With this solution, migrants can send mobile credit from their mobile phone or through retailers to their friends and relatives back home. It is a fast, reliable and convenient solution for international mobile top-up. For more information, please visit the following website: http://www.transfer-to.com
Throughout the world, businesses rely on Ingenico for secure and expedient electronic transaction acceptance. Ingenico products leverage proven technology, established standards and unparalleled ergonomics to provide optimal reliability, versatility and usability. This comprehensive range of products is complemented by a global array of services and partnerships, enabling businesses in a number of vertical sectors to accept transactions anywhere their business takes them. For more information about Ingenico, please visit: http://www.ingenico.com