How they describe themselves: TransferTo helps businesses offer Mobile Money, goods and services, and airtime top-ups around the world in real time. Our global mobile remittance Hub provides an essential combination of services and technology to mobile telecommunication companies and financial institutions including MTN, Singtel, Orange, Western Union, PayPal and Xoom.
Thousands of companies in over 100 countries depend on TransferTo to facilitate mobile financial transactions for their customers without the need for a bank account. TransferTo’s clients are companies whose consumer base consists largely of people connecting with family and friends back home. Founded in 2005, TransferTo currently links 4.5B+ mobile users across 400+ mobile operators.
How they describe their product/innovation: TransferTo’s Mobile Money Hub provides a fully compliant single point of access for financial institutions and Mobile Money operators worldwide. We are demonstrating the process that a customer performs when going online to send money directly to a mobile wallet. Believe it or not, those of us in the West are quite unfamiliar with the simplicity of Mobile Money transfers. We are revealing the efficiency of remittance via Mobile Money to the Finovate audience.
Product distribution strategy: Direct to Business (B2B)