Mumbai: Tweet, share a post, like a picture, send a smiley, and now receive money from your loved ones residing overseas. Xpress Money’s new service ‘XOPO’ – is a money transfer app that enables users to transfer money internationally, over social channels like Facebook, Twitter, WhatsApp and WeChat. XOPO is set to redefine the money transfer experience making it as simple as communicating through social networks and money transfer apps.
XOPO, is a collaboration between global money transfer firm Xpress Money and Fastacash, a global platform enabling payments across social networks and messaging apps. XOPO becomes the world’s first service to enable users to send, request for and receive money – across borders – through social media networks and messaging channels.
Consumers in India can request for money through the app as well as share photos, videos, messages – adding emotions and experiences to money transfers – and making it perfect for any transfer type. For every transaction, a unique, tokenized link – called ‘fastalink’ – is generated. XOPO will soon be available for https://www.youtube.com/watch?v=YY85rv-GPvI Android and iOS devices in India.
Globally, more than 1.4 billion people use Facebook every day, while WhatsApp has in excess of 900 million active users. With increasing mobile and internet penetration, India is one of the fastest growing markets adopting social platforms like Facebook (125 million[i] average users) and WhatsApp (Indians accounted for 1/10 of its global user base[ii]). XOPO is a ‘first-of-its-kind’ app which will enable fast-growing mobile-data users to access remittances from abroad, conveniently at their fingertips.
“India is likely to surpass the US as the second largest internet consumer base after China, by the end of 2015. This accelerated growth is fuelled by the increasing number of mobile-data users even in rural areas. Xpress Money already offers a bouquet of receive services in India which include Cash Payouts, Account Credits and Credits to pre-paid Remit Cards. XOPO is an addition to our convenient services; by leveraging on social networks, we are complimenting the traditional ways of cross border money transfers. We believe that XOPO will revolutionize the way people receive money in India from their families and friends abroad”, said Mr. Sudhesh Giriyan, COO, Xpress Money.
“We believe that more people will opt for XOPO, as it enables money transfers on-the-go, as per their convenience,” said Giriyan.
Please visit www.xopo.com to learn more about this new service.
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2014 The Global Indian New Network (TGINN)