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News

Lycamoney, Bics partner for mobile remittance corridors between UK, Morocco and the Philippines

Monday 9 January 2012 13:42 CET | News

Lycamoney, the British financial services division of the Lycamobile Group and global mobile financial services provider BICS have joined forces to launch new remittance corridors between the UK, Morocco and the Philippines. The new corridors are set to enable Lycamoney users to send money to their friends and family anywhere in Morocco and the Philippines, through the HomeSend remittance hub.

HomeSend is a strategic business partnership between BICS and eServGlobal, allowing the real-time transfer of any type of funds and from various fund sources, such as eWallets, bank accounts, scheme cards and cash.

BICS delivers global services for voice, messaging, roaming, connectivity and mobile financial services to telecommunication providers around the world. The company is a joint venture of Belgacom, Swisscom and MTN.

Lycamoney was first established in 2009 to evaluate the existing market, gain consumer insight and then deliver financial services portfolios. Its first product was the Lycamoney Prepaid MasterCard issued by Transact Network under license from MasterCard International.


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Keywords: Lycamoney, Bics, mobile remittance, HomeSend
Categories: Payments & Commerce
Companies:
Countries: World
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