TransferTo sees 8X revenue growth in International Money Transfer transactions over a 6-month period

·        Over 6.3 million unique transactions across TransferTo’s
Cross-Border Payments Network in the past 6 months

TransferTo interconnects financial institutions, organisations and global
merchants to facilitate mobile-based money transfers to and from emerging


TransferTo, a global B2B Cross-Border Mobile Payments
Network, is today, announcing record growth across its International Money
Transfer business. More than 6.3 million
were processed across the Network over the past six months, representing
an 8x* increase in revenue for the
business line. The majority of transactions came from the Middle East,
South-East Asia, Europe and Intra-Africa.

Already being an
industry leader in the mobile airtime space, and spurred on by the explosive
growth of smartphone ownership, TransferTo
launched its unique and comprehensive Money Transfer Network in 2016, and has
since been experiencing exponential growth. The technology links money transfer
operators, digital financial services operators, mobile wallets providers,
financial institutions, NGOs and global merchants to facilitate mobile-based money
transfers to and from the emerging markets – all through one single API connection,
commercial relationship and daily bilateral settlement.

Partners can rely on TransferTo’s connected and fully compliant Cross-Border
Payments Network to offer their customers a solution to seamlessly transfer
money to over 135 countries using more than 100 currencies. Funds are delivered
in real-time, using a competitive FX rate with complete fee transparency.

“We are
extremely delighted to share these results and the growth which our Money Transfer
business is experiencing,” said
Peter De Caluwe, CEO at
It clearly
demonstrates the demand and appetite for cross-border money transfers, and
TransferTo is proud to be connecting our partners directly to emerging markets.
Through our Money Transfer Network, our aim is to ensure that our customers can
expand their global reach and scale their business in a quick and efficient

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This article was also feature on Mobile World Live here.