RegaloCard, a global mobile payments company that has developed a free and instant replacement to costly money transfer services, announced today that they have entered into a distribution partnership with iPayStationn, a leading POS company serving 4,000 retail locations in the US.
RegaloCard, through its proprietary mobile payments platform and unique business model, has created a new product category - the "micro money transfer." RegaloCard allows consumers to send instantly and for free as little as $5, directed to specific uses. The RegaloCard service works with any mobile phone and carrier worldwide and is as easy to use as a prepaid calling card.
This new distribution will place RegaloCards products in retail locations serving the US immigrant market in all 50 states and the District of Columbia. RegaloCard is as easy to sell as a prepaid phone card which opens up the market to thousands of retailers that do not offer traditional money transfer services today. This agreement expands RegaloCard's distribution in the POS arena in the US and continues the company's focus in making the RegaloCard micro money transfer service as easy to purchase and as ubiquitous as calling cards.
Gregory Keough, Chairman and CEO of RegaloCard, stated, "iPayStation has an extensive network of retailers interested in innovative products that are easy to sell and which help them make more money from their existing stores, RegaloCard fits perfectly for them in that it works just like a calling card and is quick and easy to sell and best of all they make a greater profit than with traditional money transfer services. We are happy to be partnering with iPayStation one of the leaders in the prepaid industry."