The Monetary Authority of Singapore (MAS)-licensed fintech firm Pay2Home has forged a partnership with digital solutions provider StarHub to provide remittances.
The digital remittances will be facilitated through the ‘StarHub Prepaid’ app.
StarHub Mobile Prepaid customers can now use this app to send money to family and friends living abroad, in over 40 countries.
The app offers a range of capabilities, from verifying identity to checking daily-updated currency rates, transferring money and managing prepaid accounts.
StarHub Mobile Prepaid will allow customers to make their first remittance for free, as an exclusive benefit.
For the following remittances, the app charges a low flat transaction fee, noted the company.
Customers can sign up for the Pay2Home remittance service via the StarHub Prepaid app for free.
They can make cash-based or cashless remittances to over 500,000 destinations points across the Pay2Home network in over 40 countries.
StarHub VP of mobile marketing Donovan Kik said: “Using just a single app, our mobile prepaid customers are able to support and connect with their loved ones in more ways than one.
“Collaborating with Pay2Home, we are delighted to give customers the best experience and meet their increasing demand for secure 24×7 contactless mobile remittance.
“This partnership builds upon the work we did during Singapore’s circuit breaker.”
Pay2Home co-founder and director David Hulme said: “We see this partnership with StarHub as a synergistic collaboration that revolves around convenience, financial inclusion and building firmly on Singapore Government initiatives like Go Digital and a mandate for businesses to reinvent in the new norm.”
Earlier this year, Pay2Home launched a service that allows users to pay for their digital remittance transactions by cash through its mobile app at local 7-Eleven stores.