TransferTo is at two with payments nature
Cross-border mobile payments firm TransferTo has rebranded as two separate company brands, logos and identities.
Its mobile top-up and rewards business, founded in 2005, has now changed its name to DT One.
According to TransferTo, last year this business delivered more than a 30% increase in both revenue and transaction volume.
In parallel, the cross-border payments business, which started in 2016, has branched off to operate independently from DT One and has been renamed to Thunes.
This business will focus on providing interoperability between payment systems and supplying solutions for emerging economies.
In 2018, this business saw nearly 900% growth in revenue and processed over $2 billion worth of transactions.
Peter De Caluwe, DT One CEO and Thunes executive chairman, says: “The industry is continually evolving and we see this change as an important next step to better position ourselves to capitalise on the growth opportunities in this rapidly changing market.”
The use of new brands is effective immediately and will be fully implemented in both businesses across Q1 2019.
TransferTo says – perhaps its final words – that its network interconnects more than 550 mobile operators across 160 countries.
The DT One team is headquartered in Singapore with regional offices in Dubai, Miami and London.
The Thunes team is headquartered in Singapore with regional offices in London and Miami.