Barri Financial Group has entered into a partnership with mobile money firm TransferTo to enable mobile money transfers in El Salvador.

Under the partnership, Barri’s customers will be able to transfer funds instantly to Tigo Money accounts in El Salvador, and all other nations in Latin America.

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The service builds upon TransferTo’s existing relationship with Barri.

Recently, Millicom, the parent firm of Tigo Money, partnered with TransferTo to scale up its Tigo Money brand in Latin America.

Tigo Money enables millions of customers to send and receive money domestically and receive money internationally, as well as pay bills, use P2P services, use self-top ups, and make merchant payments.

TransferTo CEO Eric Barbier said: "We are excited to be expanding our relationship with Barri to help them provide their customers with fast, secure and fully compliant Mobile Money services, while furthering the reach of Mobile Money in El Salvador.

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"The TransferTo B2B mobile payment network enables Barri customers to transfer funds instantly to El Salvador and use them securely from the Tigo Money Account."

Barri CEO Alberto Laureano said: "This partnership will complement our already solid remittance offering to El Salvador, our second largest corridor. This service will help reduce the levels of unbanked people in the country, and it will accelerate financial inclusion in a country that greatly needs it."