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ARY Speedremit in partnership with Gosmo, a global bank/mobile network operator independent payment solution facilitating global remittance flow unveiled the Mobile Money Transfer service for the Gulf expatriates and their families back home. In the initial phases the service will be available for UAE -Philippines corridor, afterwards other countries will be added to both the ends gradually. The three step process of Registration, Validation and Beneficiary reception is simple, easy and hassle free.
The second product is the ARY Krores (remittance) card which is a result of ARY Speedremit's partnership with Krores, a global prepaid card solutions provider. This card is specially designed for the Gulf expatriates and their families back home. Created to facilitate quick, secure and easy money transfer, this reloadable card offers its users the flexibility to send money to anyone anywhere in the world almost instantly. In the initial phases however, this service will be available to expats hailing from India and Philippines only, gradually expanding to other countries in the sub- continent targeting the expat population mainly. It is a relatively inexpensive mode of money transfer and involves little to no risk.
"Plastic card connectivity and Mobile Money Transfer are the latest trends in the Money Transfer market and they would be the future of Money Transfer and payment systems. With the launch of our new products, ARY Speedremit is focusing on virtualization of money transfer which would make the hard cash extinct gradually and have more virtual space,"commented Mr. Praveen Chandiramani, CEO ARY Speedremit on the launch of the new products.
On the launch of Mobile Money Transfer service, Hans Henrik Hoffmeyer, Managing Director of Gosmo said, "Gosmo provides a complete cash to cash remittance solution and I am confident our service is going to revolutionize the market completely as this is simple, instant, secure and convenient. Moreover Mobile phones are emerging as the most convenient channel to initiate and receive money transfers since one can remit money anytime of the day , sitting anywhere just with the push of a button. All one needs is a mobile number".
"We are delighted on our association with a brand like ARY Speedremit and feel confident that this partnership will start a new era of easy remittance. Krores is the first prepaid solutions provider which is focused on emerging markets. The company intends to reach out to the masses and bring them in the main stream, by crossing the forged ceilings of credit risks, money in the bank, status, gender, caste and creed. Krores' mission is to provide a card in every wallet via prepaid instruments coupled with benefits of a credit and debit card for the 'card-shy' middle-class milieu,"said Mr. Vineet Katial, CMD, Krores Ltd on the launch of the ARY-Krores (remittance) card.
Posted by Rana Mesbah
