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Almacenes Siman Joins RegaloCard’s Mobile Payments Network - Allowing Central Americans to instantly send micro money transfers to buy clothes, consumer electronics, furniture and more
Almacenes Siman Joins RegaloCard’s Mobile Payments Network

 

NewswireToday - /newswire/ - Doral, FL, United States, 2010/04/14 - Allowing Central Americans to instantly send micro money transfers to buy clothes, consumer electronics, furniture and more.

   
 
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RegaloCard, RegaloCard.com, a global mobile payments company that has developed a free and instant replacement to costly money transfer services announced today that Almacenes Siman, the largest department store chain in Central America, has joined the RegaloCard mobile payments network.
RegaloCard, through its proprietary mobile payments platform and unique business model, has created a new product category the “micro money transfer,” allowing consumers to send instantly and for free as little as $10, 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.

The Almacenes Siman Department Store chain spans all of Central America with operations in El Salvador, Guatemala, Nicaragua, and Costa Rica and is an ideal addition to the RegaloCard mobile payments network as it allows Central Americans in the US to send their family as little as $10, instantly and for free, to purchase a wide array of products such as clothes, computers, furniture, beauty supplies, toys, home furnishings, children’s items, jewelry, shoes, mobile phones, sporting goods, and consumer electronics offered by Siman at any of its numerous locations region wide.

Gregory Keough, Chairman and CEO of RegaloCard, stated “At Siman consumers can literally purchase almost anything they may need, from TVs to clothes and they have the largest retail footprint and product selection of any department store in the region. This means consumers can send their micro money transfer instantly and for free with RegaloCard and allow their family back home to purchase almost anything they may need, this is great news for consumers.”

The addition of Almacenes Siman expands the ever growing list of leading retailers in Latin America joining the RegaloCard mobile payment network. RegaloCard continues to expand its footprint of merchant partner locations in Latin America and the variety of products where consumers can spend the money transfers they receive through RegaloCard.

About RegaloCard

RegaloCard, (RegaloCard.com), is a global mobile payments company that has developed a free and instant replacement to costly money transfer services. RegaloCard, through its proprietary mobile payments platform and unique business model, has created the “micro money transfer” allowing consumers to send instantly and for free as little as $10, directed to specific uses, while earning a greater margin than traditional money transfer companies. RegaloCard is a prepaid gift card that immigrants can buy in the United States, but is delivered instantly to the person chosen in the immigrant’s home country, to make purchases at leading local retailers. The RegaloCard service works with any mobile phone and carrier worldwide and is as simple to use as a prepaid calling card.

 
 
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Written by / Agency / Source: RegaloCard

 
 

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Almacenes Siman Joins RegaloCard’s Mobile Payments Network

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Publisher Contact: Sofia Alvarenga - RegaloCard.com 
718-223-2961 salvarenga[.]RegaloCard.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RegaloCard securities in any jurisdiction including any other companies listed or named in this release.

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