Singaporean payments firm LaLa World has inked a partnership agreement with mobile payments network TransferTo.
The alliance will enable LaLa World to access over 600 mobile operators. In addition, it will be able to offer mobile top-up solutions to its clients in over 150 countries.
LaLa World founder and CEO Sankalp Shangari said: “LaLa World has a mission to touch more lives every day and connect people through digital financial services.
“By partnering with TransferTo, we are able to accelerate our global expansion and grow our product portfolio, thereby enabling easier solutions for our customers to stay connected across the world.”
Furthermore, the collaboration will facilitate real-time fund transfers. Also, the funds will be credited to the recipients in local currency.
TransferTo CEO Peter De Caluwe said: “We are very pleased to be welcoming LaLa World into our global network. Our technology will enable them to seamlessly connect to our platform, through a single API connection, and by interconnecting them with our network partners, they will have the ability to expand their portfolio, grow their business and deliver new solutions to their customers. ”
TransferTo has processed over 450 million payments since its inception in 2005.
The company has partnered with various companies in the recent times to enable cross-border money transfers. In July this year, the company collaborated with Stellar.org to facilitate remittances to more than 70 countries.