Mobile payments services provider RegaloCard has closed an agreement with Guatemala-based toy store Jugeton, which allows the latter to join the RegaloCard Mobile Payments Network.
Under the terms of the deal, the customers are set to use the RegaloCard mobile payments network to send their families back home toys on Christmas or for birthdays. The Regalocard service is compatible with any mobile phone and carrier worldwide.
RegaloCard uses a proprietary mobile payment technology to allow immigrant groups to assist their friends and families at home. Designed as a prepaid gift card, the RegaloCard can be bought by immigrants in the United States. It is subsequently delivered to the person chosen in the immigrant’s home country, who can make purchases at local retailers and choose from a series of brands.
RegaloCard currently rolls out its money transfer services in El Salvador and Guatemala and is expected to expand to other countries as well.