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TIO Networks to offer money transfer services with NEXXO
October 28, 2007
BURNABY, British Columbia —TIO Networks Corp.,an automated bill-payment and financial-services network, and NEXXO Financial Corp. have formed a strategic alliance through which NEXXO's kiosk-based money remittance services will be made available at Circle K and other participating convenience-store chains in the TIO network.
By early spring 2008, cash-preferred customers can instantly send money to their families, relatives and friends worldwide through TIO's self-service automated financial-services kiosks and hybrid ATMs. Money transfer recipients can receive funds over NEXXO's network of more than 20,000 locations, primarily located in Mexico and Latin America and in the near future in China, India, Philippines and Pakistan.
NEXXO operates more than 100 of its own NEXXO financial kiosks or "Cajeros," which are mainly primarily located in California. As part of the strategic alliance, TIO Networks billpay solution will be offered on all NEXXO's kiosks.
TIO's services are expected to launch on NEXXO's Cajeros by spring 2008.
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