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Kash Mart Rolls Out Fast Kash Mobile Payments

(October 19, 2010)

New York, NY, October 19, 2010 --( Money transfer company Kash Mart International has announced the first large-scale commercial roll out of cash-to-phone money transfers worldwide.

The services are available to all agents, banking partners and client locations worldwide.

“Providing consumer choice is a essential part of Kash Mart’s core values to our consumers,” said Wendy Kessie, CEO of Kash Mart Americas, Montreal. “Essentially, we are a corridor for all the modalities of sending and receiving money. It was originally the brain child of our Ex Director Mr Kingsle Whyte.”

“Mobile as an emerging financial payments platform delivers on this promise,” she said. “For a consumer, the ability to manage their finances on their terms-whenever and wherever they want to, is a valuable asset and one that Kash Mart will support.”

Kash Mart is a provider of money transfer services to help consumers safely send money around the world with funds arriving at available partner and agent locations.

The network is comprised of 170,000 partner and agent locations worldwide in more than 160 countries and territories.

“Fast Kash Mobile Payment System”

Kash Mart is currently in discussions with various banking partners and wireless carriers to introduce mobile programs in other regions of the world. The technology is currently based on Symbian and Window Mobile platforms with plans to extend it to the Android and iPhone platforms by December 2010.

The company is aiming to service more agent locations with countries in Africa, Asia, Indo Asia, South America, and CIS countires.

Here is a screen grab of the agent locator:

This service provides a mobile interface for consumers to transfer funds from their mobile phone to recipients collecting funds at any Kash Mart agent location.

Mr Burlacu, the technology Director at Kash Mart europe division credited with and responsible for developing the payment system had these comments to make “This mobile application is online money transfer service that allows you to send money to any country of the world. It provides you the possibility to manage senders and recipients in a very simple and intuitive way, and offers you good exchange rates for transfers in other currencies. This application is working on Symbian and windows platform, you just need an internet connection. Graphic design which was developed inhouse by Mr Viorel of our design group is convenient and very helpful and will allow in a few steps to make the transfer.”

In an effort to continue its ongoing expansion, Kash Mart has targeted several developing countries where agents are difficult to establish and where mobile services are especially helpful.

“We see continued exploration and investment in the market as providers bring new services to the market place,” Mrs Kessie said.

“For Kash Mart, we provide a very elemental, but necessary function in the mobile payments space—the ability to easily get cash in and cash out of the mobile geosystem.

“This is our core business and we view the Kash Mart remittance service as a foundation and component of any mobile financial geosystem,” she said.


Contact Information:
Kash Mart International
Wendy Kessie

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Copyright 2010

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Related Keywords:Business, Banking & Personal Finance

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