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Singapore FinTech Pay2Home launches mobile payment service
First Singapore company to offer a full suite of next generation remittance products that integrates mobile, self-service kiosks, online and branches
SINGAPORE, 14 March 2018 Homegrown FinTech, Pay2Home, has launched its mobile service, completing a full-suite offering of payment channels, including Online, Money Transfer Machine (MTM) self-service kiosks and branches - a first by a local remittance company.
Now joining the ranks of global players, the Singapore-built Pay2Home technology and Intellectual Property allows customers to transfer money anytime and anywhere using an App from their smartphone.
A key feature of Pay2Home Mobile is the Pay2Home Wallet service, where users can securely store value and take advantage of great foreign exchange rates in real time. The App provides instant access to a user’s Pay2Home Wallet, allowing customers to pre-purchase value for future remittance requirements and then transfer at a time that suits them.
“It's about enriching the customer experience with wallets, cashless payments, user flexibility and no more queues. At the same time, it supports the move by authorities worldwide to reduce cash dependency,” explains Pay2Home co-founder and director David Hulme.
“We’ve had mobile service capabilities for years and our focus has always been on our customers readiness engaging them on a full service digital journey one step at a time.”
Pay2Home was the first local remittance company to be granted permission by the Money Authority of Singapore to operate online and the first to launch its proprietary MTM. Now it is the first to provide a multi-currency wallet as part of its holistic approach to payment services
David Hulme: “It's simply a natural extension of our commitment to deliver seamless customer experiences. We are the only omni-channel money transfer FinTech in Singapore, with a comprehensive digital suite of products and the largest network of physical locations throughout the country.”
About Pay2Home Mobile
Download the Pay2Home App from Google Play or the App Store on your smart phone.
And you can:
- Send money anytime and anywhere with your smartphone.
- Pre-purchase currency with Pay2Home wallet and transfer at any time.
- Check our exchange rates.
- Track your remittance transaction.
- Track your digital loyalty program.
- Get updated on the latest Pay2Home news and promotions.
Pay2Home bridges the gap between the FinTech world and the established payment infrastructure, producing innovative payment solutions within the supporting regulatory framework.
A licensed financial institution, formerly invested in by the Economic Development Board of Singapore and a SE Asian bank, Pay2Home has received multiple entrepreneurship and business excellence awards. It has ranked in the top 1,000 SMEs in Singapore for the last two years.
Before FinTech was labelled as such, Pay2Home received an Infocomm Development Authority of Singapore grant to develop web services and created payment APIs for use across SE Asia. Before the advent of cloud services, Pay2Home had been operating its service channels for all countries from central hosted systems in Singapore.
Pay2Home moved from a wholesale cross border payments solution provider to banks into the retail market in 2008. A homegrown licensee now with the largest number of ’bricks & mortar’ outlets in Singapore, Pay2Home was the first remittance company to receive regulatory approval to operate online and the first to pioneer the purpose-built multilingual self-service Money Transfer Machine (MTM). Now it is the first to offer mobile payments.
Pay2Home was one of the founding executive members of the Remittance Association (Singapore), established to promote industry best practices to support the MAS with Anti-Money Laundering and Counter Financing of Terrorism policies and processes.
With 90 employees in the group, Pay2Home has processed more than three million transactions, defining it as a FinTech with a successful and proven track record.
- Media Relations at Pay2Home
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