Eurogiro, TransferTo partner on bank mobile money services
TransferTo, a B2B mobile payment network, and Eurogiro, a global payments network, have partnered to give Eurogiro members the ability transfer funds to mobile money and bank accounts through the TransferTo payments network, according to a press release.
The Eurogiro global network connects member payments ecosystems such as postal branches and banks. Eurogiro members reach more than 500,000 branches and 4 billion people in more than 50 countries, according to the announcement.
TransferTo partners will also see benefits from the partnership as well as they will be able to send funds to Eurogiro members worldwide.
"Post offices and banks globally are a major channel for money transfer," said Eric Barbier, CEO of TransferTo. "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."
"Mobile is the future and TransferTo is helping us bring mobile payments into the mix of our member service offerings," Michel Stuijt, CEO at Eurogiro, said in a statement. "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."