iKobo offers new solutions for businesses to pay commissions to affiliates

iKobo Money Transfer, a product of M2 Global Ltd., has introduced iKobo for Business and a new mass payments service. The mass payments service offers U.S. companies an efficient and cost effective way to internationally distribute funds, including commissions and payouts, to multiple affiliates on a recurring basis.

According to the statement of the company iKobo for Business and the Mass Payments program was developed specifically to target small and medium sized businesses. The initiative will enable them to make money transfers globally to pay commissions, payouts, incentives, rewards and other payments to employees, contractors and other affiliates who receive their funds on a reloadable iKobo Visa® Prepaid Debit card.

"Since 2001, iKobo has streamlined international person-to-person money transfers, and now the iKobo for Business’ system does the same for business-to-person transfers,” said Michael Muscato, CEO of M2 Global. He added, “Businesses throughout the U.S. now have an easy to use, secure and tested solution for all of their remittance needs.”