Prepaid telecom and financial solutions
provider SelectCore has developed a ‘game-changing’ free and
instant mobile money transfer solution for consumers across North
America.

Unlike traditional money transfer services
where high fees are incurred by the sender and receiver,
SelectCore’s revenue model is based on transaction fees and margin
earned for merchant redemptions, mirroring the interchange revenue
model held by payment schemes.

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“SelectCore is poised to take part in the
evolving mobile remittance industry,” said Keith McKenzie, CEO of
SelectCore.

“Our technology that delivers a free and
instant money transfer is truly a game-changer.”

SelectCore claims international merchants can
interconnect to its remittance platform through their existing
point of sale hardware.