PostFinance customers send funds securely, instantly and conveniently to mobile money subscribers in five countries
<span style='background-color: rgba(255, 255, 255, 0);'>PostFinance, a division of the Swiss Post and one of the largest retail financial institutions in Switzerland with over CHF 104 billion in customer assets under management, has launched an international money transfer service using the HomeSend Remittance Hub operated by BICS.
<span style='background-color: rgba(255, 255, 255, 0);'>BICS is a global provider of international carrier services and a pioneer in the mobile financial services market, providing remittance corridors between banks, money transfer organisations and mobile operators across 40 countries.
<span style='background-color: rgba(255, 255, 255, 0);'>The service makes it possible for PostFinance customers to remit funds securely, instantly and conveniently via e-banking to mobile money subscribers in five countries, with an extension of the service to 23 countries planned in the coming months.
<span style='background-color: rgba(255, 255, 255, 0);'>HomeSend is a remittance hubbing service that connects a global community of banks, money transfer organisations and mobile operators and enables secure, instant and cost-effective money transfers between their end users. HomeSend is based on the technology of eServGlobal, its strategic business partner.
<span style='background-color: rgba(255, 255, 255, 0);'>Frederic Salmon, VP Mobile Financial Services at BICS said: 'Using traditional banking channels to send amounts under USD 500 abroad can be not only slower, it is also not economically viable for the sender due to the possible high costs associated with such transfers. We are delighted that PostFinance as one of the first retail financial institutions in the world brings the future in retail money transfer to their customers today''.
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