Member News

Oxygen8 Money launch new mobile credit transfer service Cashtosend

30 July 2012

Oxygen8 Money has launched its new service, Cashtosend. The innovative system allows customers to send up to £2,000 via their mobile phone and bank accounts to family and friends overseas in a quick and easy manner.

The service that Cashtosend provides is simple to use, money can be sent to any mobile wallet or bank account, which is tied to the receiver’s mobile phone. The remittance is received immediately at a fixed fee, no matter how large or where the remittance is being sent. The recipient is notified by text message when the remittance has arrived for collection.

Recipients can pick up their money from any Cashtosend agent, such as Globe GCASH in the Philippines and Dollar East in Pakistan by showing the agent the unique code on the text.

Commenting on the launch Nouman Hashmi, CEO of Oxygen8 Money says: “With over five billion mobile subscribers and the wide spread agent distribution network coverage offered by mobile wallet providers, Cashtosend provides an ideal method for transferring money. Cashtosend is a quick and easy way to send money overseas – low cost, secure and same day and we don’t charge expensive commissions”.

The launch of Cashtosend follows the recent launch of Topuptosend, which facilitates mobile users to send mobile phone credit to 250 operators in 78 countries. Cashtosend is fully secure and is also registered with the Financial Services Authority ( FSA ) under the Payment Service Regulations 2009 for the provision of payment services.

ENDS

Notes to editors:

Oxygen8 Money is a division of the Oxygen8 Group and enables cross-border international mobile remittances, facilitating person-to-person money transfer and mobile phone credit recharge. Sending money to a loved one in another country is made simple using our international money transfer service that utilises mobile technology to connect people anytime and anywhere.

Oxygen8 Group are a global provider of integrated mobile solutions with offices in ten countries and operations in over 20 countries and a turnover in excess of £90million.

Our group is structured into three distinct divisions;

Corporate Solutions - Enabling corporations to interact with their customers via their mobile phone, such as simple flight time reminders for brands such as Aer Lingus or complex Fraud Transaction Handling solutions for major retail banks.

Mobile Payment Solutions - Enabling consumers to pay for goods and services using their mobile phones, such as enabling drivers to pay for Toll Roads via Direct Billing to their mobile phone, removing the need for a credit card or cash to pay for a service.

Oxygen8 Money – Enable cross-border international mobile remittances, facilitating person-to-person money transfer and mobile phone credit recharge. Sending money to a loved one in another country is made simple using our international money transfer service that utilises mobile technology to connect people anytime and anywhere.

For further information please contact: Nicola Robathan, PR and Communications Manager, Oxygen8 Group 07917 064 981.