TransferTo has partnered under a framework agreement with Vodafone Group to enable real-time international money transfers to M-Pesa Mobile Money accounts worldwide.
Powered by TransferTo’s cross-border Mobile Money network, the global partnership will make it faster and easier for consumers and organizations to send money to multiple M-Pesa accounts, in real time.
TransferTo’s Mobile Money Hub provides a dedicated, scalable and fully compliant solution to connect with millions of M-Pesa users via a single connection. Regulated by the Financial Conduct Authority in the UK as an Authorized Payment Institution, TransferTo provides its partners with assured compliance for all relevant regulatory standards.
TransferTo helps business offer mobile money, goods and services, and airtime top-ups around the world in real-time. Its global airtime and mobile money hub provides an essential combination of services and technology to leading mobile telecommunication companies and money transfer operators, including, Vodafone, Orange, Sprint, Western Union, PayPal and Xoom. Thousands of companies in over 100 countries depend on TransferTo to provide mobile financial transactions to their customers without the need for a bank account. TransferTo’s clients are companies whose consumer base consists largely of foreign workers connecting with family and friends back home. Founded in 2005, TransferTo currently links +4.5B mobile useres across more than 400 mobile operators. Its investors include Ingenico.
Vodafone is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operators in 26 countries, partners with mobile networks in 57 more, and fixed broadband operations in 17 markets. As of 31 December 2015, Vodafone had 461 million mobile customers and 13 million fixed broadband customers.
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