Thunesadmin ThunesFebruary 17, 2016

Vodafone and TransferTo partner on M-Pesa to accelerate Mobile Money Growth Worldwide

TransferTo, a leading
global cross-border Mobile Payments Network, 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 platform 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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About TransferTo

TransferTo helps business offer mobile money, goods and services, and airtime top-ups around the world in real-time. Its global airtime and mobile money platform 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 useres across more than 400 mobile operators. Its investors include Ingenico. For more information, please visit: https://www.transfer-to.com/ 

About Vodafone Group

Vodafone is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operators in 26 countries, partners with mobile networks in 57 more, and fixed broadband operations in 17 markets. As of 31 December 2015, Vodafone had 461 million mobile customers and 13 million fixed broadband customers. For more information, please visit: www.vodafone.com