Singapore Fintech launches automated money transfer kiosks at select 7-Eleven stores islandwide bringing instant money transfers services to the neighbourhood.
Online PR News – 31-August-2021 – Singapore – Pay2Home is expanding its network of self-service money transfer kiosks - the Money Transfer Machines (MTMs) through a partnership with 7-Eleven to bring its services closer to the doorstep of its customers.
The Singapore Fintech is adding 11 bespoke multi-lingual MTMs to select 7-Eleven locations, bringing its total to 65 MTMs across the island, and pledges that most customers will be able to find an MTM within 30 minutes from their home or workplace.
Pay2Home began its partnership with 7-Eleven in January 2020, offering cash payment services for its remittances at 7-Eleven to provide the underbanked customers with a means to access digital services. Customers are able to initiate a remittance using the Pay2Home Mobile app and pay instantly with a generated QR-code bill using cash at any 7-Eleven store.
With the addition of its 24/7 MTMs at 7-Eleven stores, Pay2Home customers will be able to instantly access multiple services at their convenience and make payment with NETs on the MTMs or via cash at 7-Eleven. They can send money to more than 40 countries worldwide, including making bill payments or contributions direct to government bodies such as the Social Security System (SSS) in Philippines; check foreign exchange rates; track the status of their money transfers; opt-in for complimentary Priority2Protect Insurance when they remit SGD100 or more or even top-up their StarHub prepaid SIM card on the MTMs.
“Pay2Home is excited to expand new points of presence across Singapore with this partnership.” said Mr David Hulme, Pay2Home co-founder and Director. “It makes sense to bring our synergistic partnership further as we have seen positive feedback and growth by adding cash payments at 7-Eleven for money transfers over the past year.”
Pay2Home bridges the gap between the FinTech world and the established payment infrastructure, producing innovative cross-border payment solutions within the supporting regulatory framework.
A homegrown financial institution, formerly invested in by the Economic Development Board of Singapore and a SE Asian bank, Pay2Home has received multiple entrepreneurship and break through business awards. It has been repeatedly ranked as a top 1,000 SME and holds financial services industry licenses in Singapore, Hong Kong and Australia.
Founded in 2001 and now with 90 employees, Pay2Home has a history of industry firsts, being the first remittance company to receive regulatory approval to operate online and the first to pioneer purpose built multilingual self-service Money Transfer Machines. It is the only full omni channel remittance operator in the country, defining it as a FinTech with a successful and proven track record.
Established in Singapore in 1983, 7-Eleven has since expanded to more than 400 stores island-wide to become the leading 24-hour convenience chain store. We take pride in serving the Singapore community 24 hours a day, 365 days a year. 7-Eleven emphasises convenience and value by offering a wide array of quality products, food and services to satisfy the needs of consumers. Think 7-Eleven and what comes to mind are the refreshing Slurpee, Big Gulp and 7Café as well as a wide range of quality Ready Meals and sandwiches under 7-Select. 7-Eleven is also a 24/7 one-stop destination for customers who need to access bill payment services in their own time. Our services cover payment of utilities, courier and cash withdrawal.