Vodafone and TransferTo Join Forces to Enhance Mobile Money Growth Worldwide

Vodafone and TransferTo Join Forces to Enhance Mobile Money Growth Worldwide
18.02.2016 09:45 am

Vodafone and TransferTo Join Forces to Enhance Mobile Money Growth Worldwide

Payments

TransferTo, a leading global Mobile Money hub, has partnered under a framework agreement with Vodafone Group to enable real-time international money transfers to M-Pesa Mobile Money accounts worldwide.

Powered by TransferTo’s cross-border Mobile Money network, the global partnership will make it faster and easier for consumers and organizations to send money to multiple M-Pesa accounts, in real time.

TransferTo’s Mobile Money Hub provides a dedicated, scalable and fully compliant solution to connect with millions of M-Pesa users 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, CEO of TransferTo, said: “We are absolutely thrilled to be partnering with the Vodafone Group to enable more people to benefit from Mobile Money services. Mobile Money has the power to drive greater financial inclusion globally, transforming the lives of the two billion people who are currently ‘unbanked’ today. By making it faster and easier for consumers to send money to multiple M-Pesa accounts, we are giving M-Pesa users greater freedom to spend and receive money, while accelerating the growth of Mobile Money accounts worldwide.”

Michael Joseph, M-Pesa Director at Vodafone Group, said: “We are delighted to be partnering with TransferTo to enable real-time money transfers to M-Pesa users. TransferTo has the global reach, network of partners and assured compliance required that we need as we continue to rapidly scale international money transfers with financial institutions and mobile operators worldwide, enabling our users to receive funds from even more countries globally.”

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