TransferTo Launches Mobile Airtime Application on iOS and Android

If you attended the Mobile Money Summit, you might already know TransferTo, a provider of international airtime transfer services. They had an exclusive preview of their new mobile application on iOS and Android during Mobile Money Summit this week, 27-30 June.

Their app, called Mobile Airtime Smartphone, is the product of a partnership between TransferTo and DonRiver, a leading mobile payments consulting and application development firm.

It will provide a convenient way to transfer airtime internationally using a smartphone. Users can transfer small amounts of value in the form of prepaid mobile credits. For example, 15 minutes of airtime in US (at US$6) can be transferred to India for 250 minutes of airtime (at 200 INR) — more than 16 times the value, which makes it a low cost and high value complement to cash remittances.

The TransferTo Mobile Airtime Application will be available this summer within Apple App Store and Android Market.

TransferTo is a Global Airtime Remittance Hub that interconnects mobile operators’ prepaid systems to deliver end-to-end, cross border top-up services. With over 185 partner Mobile Network Operators in 70 countries, they can reach 3.6 billion prepaid users. 

The application was co-developed by DonRiver and integrated to the secure international TransferTo airtime transfer network. Last year, TransferTo received investment of US$38 Million.

DonRiver is a leading business and technology consulting company that serves the global telecommunications and mobile financial services industries. It provides mobile financial strategy, software development, and system integration services to the world’s leading mobile operators, financial institutions, and financial services providers.