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Singapore fintech Pay2Home partners with StarHub
Offers remittance payments via StarHub Prepaid app
SINGAPORE, 14 December 2020 Singapore fintech MAS licensed Pay2Home, has teamed up with StarHub, a leading Singapore communication, entertainment and digital company, to offer remittances via the enhanced StarHub Prepaid app.
The partnership will provide StarHub Mobile Prepaid customers a convenient and seamless payment channel to send money via Pay2Home to loved ones in more than 40 countries, anytime, anywhere; while also allowing them to choose how they wish to fund their remittance.
Pay2Home payment options include NETSPAY, FAST, money transfer machines and 7-Eleven outlets across the island state.
Pay2Home co-founder and director, David Hulme, said the alliance harnessed the best of two worlds, allowing both parties to focus on what they do best for the customer.
StarHub vice president of mobile marketing, Donovan Kik, explained that the collaboration focused on leveraging digital innovation to provide customers a fuss-free experience.
"We are pleased to partner Pay2Home and integrate secure 24/7 contactless money transfers within our mobile app which customers are familiar with and have come to trust. With Pay2Home remittance on StarHub Prepaid app, customers can now gain easy access to a wide variety of payment choices."
Mr Hulme said: "It builds on our collaboration during Singapore's COVID-19 circuit breaker in April 2020; where StarHub top-up services were made available to thousands of isolated migrant workers, via integrated services with Pay2Home Money Transfer Machines, that we trucked into dormitories and community care facilities."
"There are multiple synergies between financial services and telecommunication service providers, particularly when it comes to mobile prepaid customers and migrant workers. High on their list of priorities are connectivity, communication with their families, and their ability to support them financially by sending money home to pay for housing, education, medical and a multitude of family needs. We see this partnership as a collaboration that revolves around access and convenience."
"The COVID-19 pandemic is unprecedented and we are well supported by the Singapore government with initiatives such as Go Digital and a wide mandate for businesses to reinvent or refresh in the new 'normal'. Our scale, technology, people and delivery platforms have enabled us to do this quickly with like-minded partners such as StarHub."
"We have seen new collaborations and partnerships set the scene in financial services and digital transformations in the past 10 months. As a nimble fintech and mature business, we're excited by the future and there's more to come from Pay2Home in this space,"said Mr Hulme.
About Pay2Home www.pay2home.com
Pay2Home bridges the gap between the FinTech world and the established payment infrastructure, producing innovative cross-border payment solutions within the supporting regulatory framework.
A homegrown financial institution, formerly invested in by the Economic Development Board of Singapore, Pay2Home has received multiple entrepreneurship and break through business awards. It has been repeatedly ranked as a top 1,000 SME and holds financial services industry licenses in Singapore and has a regional presence.
Founded in 2001 and now with 90 employees, Pay2Home has a history of industry firsts, being the first remittance company to receive regulatory approval to operate online and the first to pioneer purpose built multilingual self-service Money Transfer Machines. Coupled with mobile and multiple points of presence it is the only full omni channel remittance operator in the country, defining it as a FinTech with a successful and proven track record.
About StarHub www.starhub.com
StarHub is a leading homegrown Singapore company that delivers world-class communications, entertainment and digital solutions. With our extensive fibre and wireless infrastructure and global partnerships, we bring to people, homes and enterprises quality mobile and fixed services, a broad suite of premium content, and a diverse range of communication solutions. We develop and deliver to corporate and government clients solutions incorporating artificial intelligence, cyber security, data analytics, Internet of Things and robotics. We are committed to conducting our business in a sustainable and environmentally responsible manner. Launched in 2000 and listed on the Singapore Exchange mainboard since 2004, StarHub is a component stock of the SGX Sustainability Leaders Index and the SGX Sustainability Leaders Enhanced Index.
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