Business Today
Luup is building an international mobile transaction network by partnering with banks and financial institutions around the world. Today it is possible to use Luup for:
- Remittance - Luup offers a highly cost-effective solution for foreign workers wishing to send money to their home countries. Firstly, a user does not have to hold a bank account to receive money via Luup, which means that workers can be paid directly to their mobile phone without needing to get a bank account in their country of employment. They can then send the money via Luup to someone in another country for a fraction of the cost of a normal international money transfer.
- Person to Person payments - Whether it's splitting a bill, paying a friend back or transferring money for a private transaction, Luup facilitate a very simple way to make personal payments.
- Goods and services - Luup users can use their mobile phones to pay in shops and for various services such as taxis.
- Charity donations - Charities can now receive donations by SMS without facing hefty charges to mobile phone operators. Luup is currently in partnership with over 40 charities including Amnesty International, Acorns and Cancer Active, allowing Luup users to donate to these charities by SMS.
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