PostFinance Partners with BICS for innovative International Money Transfer Service
Bern, Switzerland and Brussels, Belgium: 2nd May 2013: PostFinance, a division of the Swiss Post and one of the largest retail financial institutions in Switzerland with over CHF 104 billion in customer assets under management, has today launched an innovative international money transfer service using the HomeSend Remittance Hub operated by BICS.
BICS is a leading global provider of international carrier services and a pioneer in the mobile financial services market, providing remittance corridors between banks, money transfer organisations and mobile operators across 40 countries.
The service launched today makes it possible for PostFinance customers to remit funds securely, instantly and conveniently via e-banking to mobile money subscribers in five countries , with an extension of the service to 23 countries planned in the coming months.
HomeSend is a remittance hubbing service that connects a global community of banks, money transfer organisations and mobile operators and enables secure, instant and cost-effective money transfers between their end users. HomeSend is based on the technology of eServGlobal, its strategic business partner.
Frederic Salmon, VP Mobile Financial Services at BICS said: “Using traditional banking channels to send amounts under USD 500 abroad can be not only slower, it is also not economically viable for the sender due to the possible high costs associated with such transfers.
We are delighted that PostFinance as one of the first retail financial institutions in the world brings the future in retail money transfer to their customers today’’.
For further information, please contact:
+41 58 338 30 32
Director Marketing & Communications
+32 473 92 28 10
Matt Humphries, Babel PR
+44 207 434 5550
PostFinance is one of Switzerland’s leading financial institutions. Whether it is paying, saving, investing, providing for the future or financing, PostFinance provides services to assist the clients with all their daily financial needs. PostFinance is the ideal partner for all clients wishing to manage their own finances. As number one for financial transactions in Switzerland, PostFinance guarantees trouble-free cash flow on a daily basis. Over 2.9 million customers trust PostFinance to look after their financial assets amounting to a value in excess of 104 billion Swiss Francs. PostFinance employs 4000 staff and has generated a profit of 631 Million Swiss Francs in 2012.
BICS delivers best-in-class international wholesale solutions to any communication service provider worldwide. Through its Mosaic portfolio, a comprehensive, flexible and innovative suite of solutions designed to be used individually, or collectively, BICS meets the existing and future requirements of the global telecoms industry. Our passionate and creative teams located in Brussels, Bern, Dubai, Singapore and New York, continuously strive to provide our customers with the highest levels of quality, reliability and interoperability enabling them to maximise their end-user value. With our successful consolidation strategy, and a continuing focus on technological advancement and innovation, we have achieved a world-leading position in the international Voice and Mobile Data markets.