Bermuda Residents can now transfer money in minutes to numerous world wide destinations via text messaging.
Bermuda Financial Network [BFN] has introduced new technology that offers international payment options to anyone with the simplest cell phone, to those with more sophisticated devices like Ipads, tablets, smart phones, or computers.
Locals will now be able to pay almost anyone in the world via text messaging on BFN’s new www.SendMoney.bm website. Receivers can get actual cash at over 400,000 locations in over 200 countries worldwide.
A statement released by the company said, “While systems like M-Pesa in Kenya and Smart Money and GCASH in the Philippines have allowed people living there to transfer money to each other via cell phones, BFN has taken the use of this technology to a higher level and become the first to introduce “Text Message Transfer”, to the world. This BFN- technological development will allow everyone, even those with the simplest cell phone, to send money to a recipient virtually anywhere in the world.”
“This unprecedented initiative represents a major achievement in the extremely competitive and demanding global money transfer environment. This is possibly the most innovative global money transfer method conceived to date.”
“These developments offer the ultimate in convenience. There’s no need for anyone to leave their home or office to send money, using up valuable time and resources. No more standing in long and tedious bank lines or carrying cash around to send money.”