paybox and Transfer To™ partnered for mobile money transfers

A new strategic partnership was recently announced between paybox, the leading company for mobile payment enterprise solutions headquartered in Germany, and Singapore-based Transfer To™, an international telecommunications company specialized in servicing communications requirements of migrants.

Transfer To™ provides global airtime transfer services specially designed for migrant subscribers: foreign workers, travelers and expatriates. With the service prepaid customer can send back home amount of values or to reload their own account while roaming. Customers can make international credit transfers on amount as low as one dollar. The funds are instantly transferred via SMS service.

The team-work of paybox and Transfer To™ brings together mobile operators from all over the world in a revolutionary and profitable partnership. Any mobile phone can be turned into a mciro bank with paybox's innovative savings and payment systems. Thus the solution allows customers to open new accounts right on the street, remotely save money into their accounts, buy top-up cards, pay utility bills, send money to friends and relatives, withdraw cash at agents' locations or ATMs and get access to credit and make investments.

A joint service was already introduced by paybox and Transfer To™ for a leading operator in Malaysia. With the service Indonesian workers living in Malaysia can send airtime to their relatives at home directly by sending a SMS and paying via their Mobile Money service.