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Pay2Home Opens First Retail Store in Singapore

Provides direct funds transfer services to migrant community in City's East

SINGAPORE, April 2008 — Pay2Home, a traditional white-label & wholesale services provider has launched its first retail presence in City Plaza, a vibrant hub for migrant workers in Singapore's East.

Pay2Home Co-founder and Director, David Hulme, said the move into the retail market allowed the company to directly lift service levels for end users while maximising revenue growth.

"Our business was built on a wholesale model, allowing banks and licensed remittance companies to use our innovative payment platform to service clients with their own branding," explained Mr Hulme. "But retail expansion was always going to be a natural progression for us."

"The end clients were indicating a need for our increased presence in their local communities at the same time that we were looking at ways to better engage with them. It was the perfect opportunity to launch our retail business," said Pay2Home's other Co-founder and Director, Wayne Salamonsen.

"We will now focus on increasing both our retail presence and distribution channels in Singapore, with plans to scale in other markets in the longer term. Also in the pipeline, we will add more payment destinations to our list of countries."

The Pay2Home remittance outlet is located at #01-58 City Plaza, 810 Geylang Road, Paya Lebar. Opening hours are from Monday to Sunday, 10.15 am to 6.30 pm.

Pay2Home services includes:
  • Secure, low-cost, fast and reliable payments
  • 24hour Money Transfer Machines in all branches
  • Online remittances services
  • SMS confirmation upon payment
  • Multilingual service staff
  • Generous "Pay2Home Friends" loyalty program
  • Regular promotional campaigns
  • Premier payment services for large accounts
For more information, contact:
  • Santi Pangestoe
  • Head of Retail Business
  • T: (65) 6372 2474
  • E: santi@pay2home.com