UGO launches peer-to-peer money transfer

Source: UGO Mobile Solutions

Canada's first open digital wallet just got better. UGO Mobile Solutions L.P. (UGO) announced today its third major release in a year with the addition of UGO Pay – peer-to-peer (P2P) money transfers – to its UGO Wallet.

Initially available in beta, with more features to come, UGO Pay provides customers with the convenience of digitally sending and receiving money securely and easily from their phones -- great for on-the-spot transactions like settling bills with friends.

"With the addition of UGO Pay, our wallet now offers more functionality on more smartphones than any other digital wallet in Canada today," said Alec Morley, CEO of UGO. "Our customers have already added nearly half a million loyalty, gift and payment cards to their UGO Wallets, and UGO Pay is another example of how we continue to bring to market the combined features and capabilities that allow users to simplify their lives."

Using UGO Pay
Customers now have the flexibility to load money from Visa or MasterCard credit cards or Visa debit cards on to UGO Pay. Transfers are free1 and made securely and easily via text message using either a sender's existing address book, or by inputting any Canadian mobile phone number. Recipients can accept funds with a few taps and choose to keep a balance for future use, cash out, or make a purchase at popular restaurant locations, including Swiss Chalet, Harvey's and Milestones. UGO Pay is in beta and will continue to evolve. Customers can expect the addition of new features and options in the coming months.

UGO Pay will be supported across iOS, Android and BlackBerry mobile platforms regardless of carrier.

UGO Pay is the latest enhancement to UGO Wallet's initial integrated single tap payment and loyalty platform. Previous releases have added the ability to store and use any loyalty card the way you would the physical version, and the ability to store, redeem and electronically receive gift cards. All features are backed by bank-grade security, with optional PIN or password settings.

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