Cellum, TransferTo partner on digital money transfer services
TransferTo, a global cross-border mobile payments network, has entered into strategic partnership with Cellum, a mobile wallet provider in Europe, to offer international money transfer services to partners via TransferTo's single connection to over 1,500 companies worldwide, according to a press release.
Today, TransferTo interlinks financial institutions and digital financial service providers globally to facilitate real-time international mobile airtime top-ups and money transfers to and from emerging markets.
Meantime, Cellum offers mobile wallet solutions to enterprises, such as banks, mobile network operators and large merchants, in a white-label model. Having launched its first mobile wallet in Asia in 2014, this partnership will allow Cellum to leverage TransferTo's well-established network and offer services, such as international money transfers and mobile airtime top-up, to its business partners, who in turn will be able to better serve the needs of their end-users.