Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has partnered with Rakuten Viber and its partner NeoPay to launch a new money transfer service, Moneytou, for users of Viber, the secure instant messaging app, in Eastern Europe. According to Wirecard, with Moneytou, which is powered by Mastercard, users will be able to quickly and securely send money to each other through the messaging app.
Wirecard also reported that it will process these peer-to-peer (P2P) transactions made with payment cards linked to the Moneytou service, with Libra Internet Bank acting as the local acquirer.
“To transfer funds to family or friends, users will simply tap a separate Moneytou icon within the Rakuten Viber messaging app without the need for lengthy bank account numbers or sort codes. Users will be able to send up to 125,000 HUF a month, and up to 780,000 HUF a year.”
Speaking about the partnership and program, Utku Ogrendil, Regional Managing Director of Wirecard, stated:
“Rakuten Viber messaging is extremely popular, with the service now boasting over one billion registered users worldwide. For some time, users have used the app to share photos and videos. The ability to also share funds was the next logical step and we are proud to be one of the launch partners for this new service. Whether wanting to split a restaurant bill, collect money for a joint wedding gift or giving a child their pocket money, it can be done by just a few clicks.”
Cristina Constandache, Chief Revenue Officer at Rakuten Viber, then added:
“Our mission has always been to bring valuable solutions to users. We’re happy to announce the launch of Moneytou – coming soon in collaboration with companies such as Mastercard, NeoPay and Wirecard. By using Wirecard’s card processing expertise and technical support, we will be able to ensure a smooth, hassle-free experience for users wanting to instantly transfer funds to friends and family via Viber. We are excited to roll this out to a larger list of markets by the end of the year.”