RegaloCard, a global mobile payments company that has developed a free and instant alternative to money transfer services, announced today that they have entered into a distribution partnership with Dinero Ahora, a leading money transfer marketing company serving 1,200 locations in the US. RegaloCard, through its proprietary mobile payments platform and unique business model, has created a new product category - the “micro money transfer.” RegaloCard allows consumers to send instantly and for free as little as $5, directed to specific uses. The RegaloCard service works with any mobile phone and carrier worldwide and is as easy to use as a prepaid calling card.
This new distribution agreement will begin to place RegaloCard’s products in Dinero Ahora’s 1,200 money transfer market services footprint and is the first partnership RegaloCard has announced with a money transfer marketing services company. Gregory Keough, Chairman and CEO of RegaloCard, stated, “RegaloCard is a great compliment to money transfer companies and those who market them as consumers really like the idea that while they send part of their money transfers in cash they can send another part instantly with RegaloCard and control how the money they are sending is spent. This coupled with the fact that consumers can send more frequent smaller dollar amounts, as little as $5, and their family receives the RegaloCard instantly are something consumers find very attractive.”
When surveyed as to how the current money transfer services could be improved, money transfer clients consistently cited several factors: 1. A way to control how the money sent is spent; 2. The ability to economically send more frequent lower dollar amounts; 3. The ability to have the money received instantly; and lastly; 4. a way recipients can avoid the security risk of visiting the bank and receiving large amounts of cash. The RegaloCard service addresses all these key customer concerns and provides a unique new service that money transfer companies can offer their clients while at the same time increasing their profits.
Mr. E. Ramos, President of Dinero Ahora added, “The RegaloCard service is really quite innovative and unique and makes for a nice add on to marketing traditional money transfer service offering. The fact that the consumer can choose a RegaloCard gift card from the best known consumer brands in their home countries and the recipient instantly receives the RegaloCard is a great fit with our current product offering.”
RegaloCard will be announcing additional money transfer distribution partners in the coming weeks.
RegaloCard (RegaloCard.com), is a global mobile payments company that has developed a free and instant replacement to costly money transfer services. RegaloCard, through its proprietary mobile payments platform and unique business model, has created the “micro money transfer” allowing consumers to send instantly and for free as little as $5, directed to specific uses, while earning a greater margin then traditional money transfer companies. RegaloCard is a prepaid gift card that immigrants can buy in the United States, but is delivered instantly to the person chosen in the immigrant’s home country, to make purchases at leading local retailers. The RegaloCard service works with any mobile phone and carrier worldwide and is as simple to use as a prepaid calling card.
About Dinero Ahora
Is a marketing services organization targeted to the money services business and other consumer services.