TransferTo’s Mobile Money Hub Awarded Financial Inclusion Product of the Year
Lagos, Nigeria (PRWEB) February 08, 2016 -- The Kalahari Awards at the Remittance Africa Mobile Money Expo are awarded to organizations that have made significant contributions to the mobile financial services sector by making remittances and digital payments more accessible and more affordable in Africa. After meeting rigorous selection requirements, TransferTo’s Mobile Money Hub has been awarded “Financial Inclusion Product of the Year’’.
TransferTo offers to its clients a secure, real-time and fully compliant cross-border mobile money transfer service to reach unbanked and newly banked consumers in previously untapped developing markets. In Africa specifically, there is a compelling need for interoperability in cross-border mobile payments. TransferTo’s Mobile Money Hub provides a dedicated, scalable and fully compliant solution for financial institutions to connect with millions of Mobile Money accounts worldwide via a single connection. Regulated by the Financial Conduct Authority in the UK as an Authorized Payment Institution, TransferTo provides its partners with assured compliance for all relevant regulatory standards.
Eric Barbier, TransferTo CEO said “TransferTo’s Mobile Money Hub is solving one of the main obstacles of cross-border Mobile Money payments in Africa. By providing the rails and assisting with interoperability and compliance issues, we are enabling Mobile Money services to flourish in hard to reach areas of the developing world”
Emmanuel Okoegwale, Principal Associate, Mobile Money Africa added “In evaluating the entries for the Financial Inclusion Product of the Year, TransferTo’s Mobile Money Hub was the obvious choice. They met and exceeded the selection requirements to qualify ahead of more than a dozen entries from eight countries.”
About TransferTo
TransferTo helps businesses offer mobile money, goods and services, and airtime top-ups around the world in real time. Our global mobile money and value hub provides an essential combination of services and technology to leading mobile telecommunication companies and money transfer operators, including Vodafone, Orange, Sprint, Western Union, PayPal and Xoom.
Thousands of companies in over 100 countries depend on TransferTo to provide mobile financial transactions to their customers without the need for a bank account. TransferTo’s clients are companies whose consumer base consists largely of foreign workers connecting with family and friends back home.
Founded in 2005, TransferTo currently links +4.5B mobile users across more than 400 mobile operators. Its investors include Ingenico. For more information, please visit: https://www.transfer-to.com/
About the Remittance & Mobile Money Expo
Now in its sixth year as a leading continental, remittances and mobile financial services focused event, held annually in February in Lagos – Nigeria. The expo addresses the emerging digital financial ecosystem in Africa covering regulations, technology, innovations from the supply and demand side value chain within the African continent. The event attracts leading stakeholders in the remittances, payment, banking, mobile financial services, and financial technology providers across and beyond Africa, annually in Lagos–Nigeria. For more information, please visit: http://remittanceafrica.com/
Remi Provendier, TransferTo, http://www.transfer-to.com, +1 4156634610, [email protected]
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