New low-cost mobile remittance service enables rapid money transfers from Canada to the Philippines, from just $6.00 CAD per transaction.
Vancouver BC, October 22, 2010 – hyperWALLET Systems Inc., a leading provider of global payment solutions, today announced the launch of hyperREMIT (www.hyperremit.com), a revolutionary new and low-cost SMS international remittance service from Canada to the Philippines. hyperREMIT enables Canadians to quickly send funds to recipients in the Philippines using a variety of secure remittance options, starting from just $6.00 CAD per transfer.
Through hyperREMIT, Canadians can transfer funds via bank deposit, cash pickup and door-to-door delivery, or via Smart Money transfers and prepaid airtime top-ups (coming fall 2010). Transfers can be quickly initiated over the phone or through SMS text messaging, and funds are typically available to Philippine recipients within 1 business day. With the upcoming Smart Money transfer option, remittances can be sent to any Smart subscriber’s mobile phone and accompanying reloadable Smart Money MasterCard cash card, providing them with quick and convenient access to their funds.
“Filipino Canadians rely on text messaging to stay in touch with loved ones. Now they can use the same mechanism to remit funds back home”, states Lisa Shields, President & CEO of hyperWALLET Systems Inc. “Through hyperREMIT, we are introducing a new paperless and agentless model for the remittance industry -- a model that strengthens community relationships, rewards loyalty, and dramatically lowers the cost for senders.”
Canadian senders can sign up for hyperREMIT at www.hyperremit.com. There, they can fund their hyperREMIT account via pre-authorized debit or bill payment, add or manage Philippine recipients’ account details, or review remittance transaction details at any time. Using hyperREMIT’s mobile remittance service, senders can conduct ongoing Philippine money transfers by telephone or SMS text messaging, enabling convenient remittances from the comfort of their own home or while on the go.
About hyperREMIT
www.hyperremit.com
hyperREMIT is a revolutionary, low-cost Canada-Philippines remittance service from hyperWALLET Systems Inc., a global payments company based in Vancouver B.C., Canada. hyperREMIT enables Canadians to quickly send money to the Philippines via phone or SMS text messaging, from just $6.00 per transfer. Senders can remit funds via bank deposit, cash pickup and door-to-door delivery, or via Smart Money transfers and prepaid airtime top-ups (coming fall 2010). hyperREMIT is a licensed money services business registered with FINTRAC, the Canadian government's financial services business regulator.
About hyperWALLET
www.hyperwallet.com
hyperWALLET delivers secure, global-grade payment technologies to organizations who require a simplified way to access or leverage the global financial network. Since 2000, we have become a leading provider of online and mobile payment, international payments, card products and financial technology solutions to world-class customers in Canada, the U.S. and internationally. With hundreds of customers (including more than 200 credit unions) that touch millions of users, our clients span numerous sectors including financial services, business and government.
