Eurogiro, TransferTo join forces to link mobile money with 500,000 bank and post offices

AF_mobile_PayTransferTo and Eurogiro a global payments network, have partnered 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 and reaches more than 500,000 branches and 4 billion people in more than 50 countries.

“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,” said Michel Stuijt, CEO at Eurogiro.

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.

TransferTo works 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. Eric Barbier, CEO of TransferTo, commeneted, “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”.

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Categories: Mobile Wallet

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