iSend, a U.S. electronic payment service for people who support family members in other countries, announced that it has signed a direct agreement with Telefonica. This agreement will enable consumers in the United States and Canada to visit more than 150,000 iSend retailers and purchase mobile airtime for family and friends who are Telefonica Movistar customers in Argentina, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Peru and Uruguay.
“iSend’s direct arrangement with Telefonica provides an excellent convenience to our customers while expanding our footprint in this key region for mobile top-ups,” said Dan Lambert, iSend’s vice president of carrier relations. “We’re rapidly approaching the point where customers supporting family and friends in any Latin American country can purchase top-ups for their mobile phones serviced by any leading carrier.”
“We are focused on expanding our distribution network in the U.S. so that we can increase our product availability and our customer service,” said Freddy Cantor, Telefonica’s manager of channels and transactional services for Latin America. “Our iSend partnership gives us access to a large number of retailers within the Hispanic community and the ability to deliver a quality service to our customers.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.