Thunesadmin ThunesApril 5, 2016

Lee Kheng Nam joins TransferTo board to bolster online security expertise

TransferTo, a B2B mobile payment network has
appointed Lee Kheng Nam to its Board of Directors, to enhance the company’s
online security expertise. Lee, a Venture Partner at GGV Capital, has many
years of online security experience, with particular expertise in the mobile
sector. 

Lee has sat on a number of boards for
companies such as InsideSecure and Gemplus (now Gemalto), and currently serves
as Deputy Chairman of Vertex Venture Holdings, subsidiary of Temasek
Holdings.  He is also a
Venture Partner of GGV Capital.

Previously, Lee was General Manager and
subsequently President of Vertex Management Pte Ltd and executive Director of
VVH.  Prior to this, he worked at the
NatSteel group of companies as the Manager of the Project Development
Department and the Ministry of National Development where he was Deputy
Director of Planning.

Lee is a director of Creative Technology, a
public-listed company in Singapore.  He
is also Chairman of Heptagon Micro Optics Pte Ltd. Lee formerly served on the
boards of Centillium Communications, Chartered Semiconductor Manufacturing,
GRIC Communications, ActivCard Corp, and Gemplus International S.A. and
Inside Contactless.

TransferTo’s
Mobile Money platform provides a dedicated, scalable and fully compliant solution that
connects Financial Institutions and Mobile Operators globally. Licensed by the
FCA in the UK, the platform assists these institutions with interoperability issues,
while also adding another layer of compliance – something these companies have
to navigate in many different territories.

Eric Barbier, CEO of TransferTo, said: “We are excited to be working with Lee and
to welcome him to the TransferTo board. Lee brings a wealth of valuable
experience in mobile and online security technology to TransferTo, having sat
on the boards of a number of large, global technology companies. His online
security expertise will be particularly valuable to TransferTo, as we grow our
Mobile Money business globally.”

-ENDS-

About
TransferTo

TransferTo is a B2B mobile payment
network, interconnecting financial institutions and mobile operators globally.
Thousands of leading companies, including Vodafone, 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 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: www.transfer-to.com