TransferTo, a B2B mobile payment network, has signed an agreement with payments network Eurogiro that allows Eurogiro members to transfer money to mobile money and bank accounts through the TransferTo payments network.
The deal will enable members of Eurogiro’s network to expand their service offerings by offering Mobile Money. Its members reach more than 500,000 branches and 4 billion people in more than 50 countries.
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Also, TransferTo partners will also be able to send money to Eurogiro members across the globe as part of the deal.
TransferTo CEO Eric Barbier said: “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.”
Eurogiro CEO Michel Stuijt said: “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.”
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By GlobalData
