What is Airtime?

Airtime, also called top-up or recharge, are prepaid mobile credits that can be purchased either at point of sales in the form of scratch cards or printed vouchers featuring a PIN number or via direct real time reload to the prepaid phone. Prepaid mobile credits can also be purchased at ATM, or online.

On receipt of payment, prepaid credits are stored electronically in a data repository. The stored value can be consumed as per the terms and conditions of the mobile operator as voice messaging or data. Some operators offer their prepaid customers the possibility to share the airtime with another prepaid customer of the same mobile operator.

TransferTo - Top-up, recarga, load, recharge, reload, refill, pulsa, balance

Airtime Remittance

• There are 200 million people working and living in a country other than their own. Combined, these people send $300 billion back home every year.

• Out of the 3.4 billion mobile users worldwide, the vast majority are prepaid. These subscribers conduct 50 billion top-ups per year.

• According to the World Bank, communication expenses in developing economies represent 4 to 6% of household income.

• Money Transfer Costs make micro remittances (under $20) impossible

• Airtime remittances are the ideal solution for sending small amounts of ‘value’

Airtime remittances, a $20 Billion market