Airtime into Cash?

So what's the buzz about International airtime transfers?

International mobile money transfers is a subset of the $300 billion market in Global Remittances. Mobile money transfers offers a whole new channel opening up mobility to fixed location services. 'The World is Mobile'. It' is however subject to a whole raft of complex international regulations at both the sending and receiving ends including rules on registering and identifying both sending and recipients using official documents such as passports or identity cards. These Know your Customer (KYC) rules are complex to implement in certain recipient countries where many individuals simply don't have these documents or may have a shared 'clan' name with thousands of others and may not even know their date of birth with any certainty. Even where such official ID documents are available, many of them are created using 'guesstimated details' or are completely false.

International pre-pay top-up on the other hand is simple, quick and effective, with the value arriving directly onto a recipients handset in a few minutes at most. In many areas of the World, pre-pay value is becoming an informal payment currency in its own right with people settling small debts by instantly transferring pre-pay balances between handsets due to limitations in the countries' payments systems. International airtime transfer works at several levels either being used to simply ensure that the recipient always has sufficient balance to receive international calls, or as a means of rapidly transferring small sums that can be "cashed" as favours or to settle local debts. '' Transactions are typically in the order of around $30USD or less and take place on a more regular basis through the month.

We at Mi-Pay already provide international and domestic airtime transfers to several recipient market operators in Europe, the Middle East and Africa on a white label basis through our GlobalTopup service ( www.globaltopup.com ) which is proving highly attractive to European based operators and MVNO's wanting to address their specific market segments markets.

To read the entire article please follow this link.

http://www.123gtu.com/airtimetransfer.htm