TransferTo, the global airtime
leader owned by payment provider company Ingenico, has inked a contract with another
global player i.e PayPal.
PayPal leveraging on TransferTos’ global airtime remittance hub has launched, PayPal
Mobile Reload.
The
PayPal Mobile Reload enables French Customers to recharge their family/friends
mobile phones balances globally.
This
is the first step to tap the $300 billion French cross-border remittance
market. The worldwide market of such customers is 200 million+ people.
Initially, the target is to monetize mobile-to-mobile minute sharing. Well,
this is very common in India. Normally, parents top-up their children’s mobile
phone with airtime, so that they can be in touch with their children. The other
category is airtime top-up by their friends, so they can continue to talk or
SMS messages.
What
PayPal has now done is to enable French customers top-up airtime to mobile customers
around the world, and not only restrict to French mobile numbers.
The easy
way to reload mobile devices!
·
Users simply have to go to PayPal Mobile Reload,
and select the recipient’s country, enter the recipient’s mobile phone number,
the amount they want to send to their mobile phone, and finally, pay with
PayPal.
·
The mobile phone is reloaded instantly.
·
Once the reload has been completed, the sender
will receive an email from PayPal confirming the transaction and the recipient
will receive a text message.
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