payfair Products
payfair@mobile
Solution
With payfair@mobile anyone with a cell phone can
conveniently send and receive remitted funds. Typically
funds can be sent instantly on the web via the payfair Web
Portal. Anyone with a mobile phone can receive a money
transfer. The recipient may withdraw cash on ATM or at a
local agent. The remitted money can also be spent on the
web using the phone to secure the transaction. All
receiving cell phones can be used without prior
enrollment. The recipient's mobile phone must be present
to authorize any withdrawal.
What will this solution change in the market,
to whom and why?
Money can be sent to any mobile phone in the world at
anytime from anywhere (anywhere, anytime, anyone)
Extremely Secure—the phone must be present to send
and cash-out funds
Full traceability and transparency with built in KYC (Know
Your Customer) to meet regulatory requirements
User friendly and viral—several channels for sending and
using money conveniently
No paper, no plastic, no SMS, no Western Union agent!
