VOIP provider to begin offering P2P transfer service

Voice Over IP provider Rebtel, is venturing into mobile transfers with their new product called Sendly.

Sendly is a free application available in the Google PlayStore and the Apple AppStore. It is a mobile application designed for funding prepaid cellphone plans. The premise is simple, after downloading the app and linking it to a payment method, you simply enter a phone number and the amount to transfer and click send. Afterwards the recipient’s cellphone plan is topped off with the amount specified.

“We know that the people who use our calling app the most are those with family and friends in other countries. With Sendly, we want to give millions of callers an easier and quicker way to provide their loved ones with credit to use on calls, texts and data. The ability to send mobile credit to prepaid phone users is another big step we’re taking as a leading communications platform that’s powering stronger connections between individuals, businesses, and mobile subscribers around the globe” added a spokesperson for Rebtel.

Rebtel has cooperated with over 60 mobile providers from around the world, and offers support for over 50 countries. The fee structure, according to founder and CEO of Rebtel Andreas Bernström, is lower than other traditional payment transfer services, at 12% of the amount sent.

Many companies are trying to get a piece of this fast growing mobile P2P transfers segment. Just recently we reported on Squares new acquisition of Evenly, another P2P transfer Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term.