Telcoin extends its digital money transfer service to 16 more countries

10 June, 2021

Telcoin, a blockchain-powered fintech disrupting the US$700 billion international remittance industry, has extended its digital money transfer service to 23 additional mobile money platforms in 16 countries.

Starting June 8, fully verified Telcoin Application users in Canada can now send affordable and convenient remittances from their iOS or Android device.

Telcoin V2.3, which includes 15 new remittance corridors to 23 additional mobile money platforms, is now available on iOS and Android.

Pending ongoing partnership integrations, Telcoin users in additional sending markets – including the United StatesSingapore, and Australia – will soon be able to send money to loved ones in these newly launched corridors as well.

In addition to GCash, Telcoin’s inaugural remittance partner in the Philippines, users can now send money to the following countries and mobile money platforms:

  • Bangladesh, BKash
  • Ethiopia, HelloCash
  • Fiji, Digicel Mobile Money
  • Fiji, M-Paisa
  • Ghana, MTN Money
  • Guatemala, Tigo Money
  • Indonesia, Dana
  • Indonesia, GoPay
  • Indonesia, LinkAja
  • Indonesia, Ovo
  • Kenya, Equitel Money
  • Sri LankaEz Cash
  • Sri Lanka, mCash
  • Malawi, Airtel Money
  • Nepal, eSewa
  • Pakistan, Easy Paisa
  • PakistanJazz Cash
  • Philippines, Coins
  • El Salvador, Tigo Money
  • Tonga, Digicel Mobile Money
  • Uganda, Airtel Money
  • Uganda, MTN Money
  • Samoa, Digicel Mobile Money

With the global average cost of sending a US$200 remittance still high at 6.5 percent in the fourth quarter of 2020, Telcoin is targeting just 2.5 percent or less for its contactless and compliance-focused service.

“Opening these initial corridors is an exciting and important foundational moment in Telcoin’s journey,” said CEO Paul Neuner. “We see this as not only about affordable remittances, but as a first step toward expanding the financial opportunities of people in these new markets.”

These new fiat remittance corridors pave the way for Telcoin to offer additional digital-asset backed services that will speed up transactions and lower costs even further. Telcoin’s incoming V3 update seeks to tear down barriers to the accessibility of digital assets globally and leverage user-powered markets for digital asset exchange.

 

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