Mi-Pay, Small World Create ‘Mobile Money’

International mobile money services provider, Mi-Pay, and Small World Financial Services are partnering to provide operators with a solution for immediate global mobile money transfer and international prepay phone top-up to more than 30 strategic country corridors.

The companies say their partnership is ideal for operators seeking to take advantage of the expanding mobile money market in Africa and other parts of the Southern Hemisphere. The service delivers enhanced offerings such as domestic money transfer, international money transfer, and the ability to allow friends and family to perform international top-ups for overseas relatives’ prepaid phones.

The partnership allows Mi-Pay's mobile money payment solution to be integrated into Small World’s money transfer hub, which already is servicing a number of European banks and together, creates a ready-made mobile money highway. The solution is said to offer mobile operators all of the necessary regulatory, compliance and foreign exchange services to deliver immediate money transfer services globally and give their customers access to Europe’s third-largest distribution network for sending money transfers.