TIO bill payment is a convenient, safe and secure way for the underbanked marketplace to pay bills with cash and experience expedited posting of their funds to their accounts.
"It is an exciting development in the evolution of Nexxo to be able to offer more services on our Cajeros," said David Alvarez, chief executive officer for Nexxo Financial. "Customers can now benefit even more from being a Nexxo Financial customer with the convenience and ease of paying their bills in addition to conducting money wire transactions."
Nexxo Cajeros are small, ATM-like machines that allow the sender to use a touchscreen to conduct a money transfer transaction simply following the prompts and submitting the cash they want to send into the secured machine.
Hamed Shahbazi, chairman and chief executive officer of TIO Networks, said, "This expansion illustrates the capability of our API technology to quickly grow the network of bill payment kiosks served by TIO without incurring additional capital expenditures."
Burnaby, B.C.-based TIO has more than 18,000 endpoints to its processing network.
Nexxo Financial is the leader in self-serve remittance to Mexico, Central and South America, leveraging patent-pending technology to make sending money easy, convenient and affordable for the U.S. Hispanic community. Nexxo Financial operates more than 100 proprietary Nexxo Cajeros throughout California and, in partnership with a network of privately operated self-service financial service kiosk operators, offers the Nexxo-service through more than 850 locations throughout California, Arizona and Texas. Nexxo Financial has an increasing network of more than 21,000 bank branches and pickup centers in Mexico, Central and South America.
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