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Brent Ho-Young

Wednesday, March 10, 2010

TransferTo team up with hyperWALLET to offer international airtime recharge in Canada

TransferTo, theglobal airtime transfer company, today announced its partnership withhyperWALLET Systems Inc., a leading provider of worldwide paymentsolutions, to offer cross-border airtime transfer for Canada.

The service is mainly offered to foreign communities, internationalworkers, and visitors who maintain strong ties with their families and relativesabroad.

Although theyremit part of their earnings every month directly to the household head, theylack an appropriate service for sending smaller amounts to their family andfriends. This new service addressing the Canadian market complements cross-bordermoney remittances with the repeated sending of small value airtime recharges.TransferTo comes as the perfect solution for giving out airtime recharges as agift on special occasions such as birthdays, religious events, festivals orcelebrations. With mobile phones becoming tools of economic empowerment indeveloping countries, airtime recharge transfer is increasingly regarded as akey mobile feature by migrants and their family back home.

To access hyperWALLET’s mobile airtime top-up service, Canadians cansign up at www.hyperwallet.com or usethe integrated hyperWALLET service within their Credit Union's online bankingwebsite. Once their hyperWALLET account has been funded, senders simply enterthe mobile phone number of the recipient, a greeting message, and select fromnumerous airtime voucher amounts available. Transactions are processed inreal-time, and both the sender and receiver are immediately notified by SMStext message. Airtime credits can also be sent from mobile devices equippedwith mobile browsers, and future enhancements are slated to include an SMScommand interface capability.

 “We are enthusiastic about thispartnership with hyperWALLET as they introduce global mobile airtime top-upservices to the Canadian market” says Eric Barbier, CEO of TransferTo. “Thecombination of TransferTo’s innovative service and hyperWALLET’sstate-of-the-art payment platform provides strong added value for users. Withbroad country and mobile network operator coverage, our service has a globalreach, is secure, user-friendly and real-time.”

“We are excited to partner with TransferTo in this initiative, as webelieve the untapped Canadian market will benefit from TransferTo’s extensiveexpertise and service coverage”, states Lisa Shields, CEO of hyperWALLETSystems Inc. “hyperWALLET's position as a global payments provider is a greatcomplement for the Transfer To™ airtime platform, and their airtime top-upservice provides Canadian consumers and expatriate communities with a valuableand  innovative way to send airtimecredits worldwide. ” 

About TransferTo

TransferTo operates a global airtime remittancenetwork interconnecting the mobile operators’ prepaid users. Simply by SMS,foreign workers can recharge the prepaid mobile phone of their relatives backhome. Real time airtime transfers enable to send micro value amountscomplementing regular money remittance: 200 million migrants remit $300 billionyearly. Mobile operators offer this innovative and differentiating service totheir ethnic segment – an underserved market with a high telecom spendingprofile. TransferTo is also available for retailers, banks and money transferoperators.

 

About hyperWALLET

 

hyperWALLET delivers secure payment services toorganizations who require a simplified way to access or leverage the globalfinancial network. Since 2000, we have become a leading provider of online andmobile payments, international payments, card products and financial technologysolutions to world-class customers in Canada, the U.S. and internationally.With hundreds of customers (including more than 200 credit unions) that touchmillions of users, our clients span numerous sectors

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