Eurogiro and TransferTo join forces to link mobile money with 500,000 bank and postal branches
TransferTo, the leading B2B mobile payment network, and Eurogiro, a global payments network, have connected to provide access to Eurogiro members to transfer money to mobile money and bank accounts through the TransferTo payments network.
Eurogiro is a global payments network connecting member payments ecosystems, such as postal branches and banks. Eurogiro members reach more than 500,000 branches and 4 billion people in more than 50 countries.
Members of Eurogiro’s network can expand their service offerings by offering Mobile Money, which is powering growth in many emerging markets. A Eurogiro member in Ukraine can now accept remittances at a post office and transfer the funds to a recipient in Philippines, who will receive the transfer in his mobile wallet. Similarly, as part of the partnership, TransferTo partners will also be able to send money to Eurogiro members across the globe.
Eric Barbier, CEO of TransferTo, says, “post offices and banks globally are a major channel for money transfer. Eurogiro’s wide distribution of urban and rural member branches will provide flexibility to consumers, to use physical outlets, cash and mobile money in the manner that they are most comfortable with.”
Michel Stuijt, CEO at Eurogiro says, “Mobile is the future and TransferTo is helping us bring mobile payments into the mix of our member service offerings. By combining forces, we get an excellent interface into mobile wallets around the world. The quick availability and simplicity of connecting with TransferTo made this a very easy decision.”
TransferTo is a global leader in cross border B2B mobile payments, interconnecting the world’s leading mobile operators and financial institutions to enable secure cross-border mobile money and airtime transfers worldwide.
– ENDS –
TransferTo is a B2B mobile payment network, interconnecting financial institutions and mobile operators globally. Thousands of leading companies, including Vodafone’s M-Pesa, Tigo Money, Orange, Western Union, PayPal and Xoom rely on TransferTo’s Mobile Money and Airtime Hub. TransferTo provides its partners with a global compliance framework for all relevant regulatory requirements, enabling thousands of businesses in more than 100 countries to offer real-time Mobile Money and Airtime transfer services to their customers. In 2015 alone, TransferTo Mobile Money and Airtime Hub processed more than 50 million transactions.
Regulated by the Financial Conduct Authority in the UK, TransferTo links more than 4.5 billion mobile users, through partnerships with more than 400 mobile operators. Its investors include Ingenico. For more information, please visit: https://www.transfer-to.com/
Eurogiro is a payments infrastructure that connects different organisations and payment ‘ecosystems’ and facilitates business ventures among its members consisting of over 60 posts, banks and other financial institutions around the world. It allows its members to explore and develop business opportunities with other Eurogiro members that share a common goal of providing secure, transparent and cost-efficient payment solutions for their clients around the world.
Members connect to the highly flexible network and may tap other Eurogiro members that combined reach more than 500,000 branches and 4 billion people in more than 50 countries. Eurogiro runs a SWIFT Closed usergroup.
Eurogiro was founded in 1993 by a group of European Postal institutions and its head quarter is in Copenhagen, Denmark, with an office in Manila. Please visit www.eurogiro.com