Franki Chamaki » Blog Archive » Regalii Is Changing The Way People Send Money To Family Abroad, Using Mobile And Gift Cards
Regalii Is Changing The Way People Send Money To Family Abroad, Using Mobile And Gift Cards
  • Regalis is a mobile payments system targeted towards Latin America that allows users to send money back home for the purposes of paying bills or buying groceries using mobile gift card platform.
  • They have found a way “to hack the mobile gift card,” De la Cruz, cofounder. It effectively this means that Regalii taps into the infrastructure that is already in place as a way of delivering the sum of money to recipients, with cash never coming into the equation.
  • Regalii provides its service for a $3 flat fee, as compared to many other services that work on a combination of fees and/or commissions. The company claims to offer 60% cost savings for typical remittances.
  • In Latin America alone, this is a $69 billion opportunity annually.
  • The key of this start up is tapping into 7,000 retailers (ie mum and pop stores). They did this via leveraging the asset of their finance packer – second largest bank in South America.

Regalii_pincode Regalii_pincodew

Read more:

http://techcrunch.com/2013/09/09/regalii-is-changing-the-way-people-send-money-to-family-abroad-using-mobile-and-gift-cards/