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TRANSFAST Launches Rapid Account Deposits Delivered in Minutes for Money Transfers to Major Banks Across Mexico

New York, Aug. 12, 2014 (GLOBE NEWSWIRE) -- TRANSFAST, a leading international money transfer company, launched a rapid money transfer service that delivers account deposits to Mexico in minutes to BBVA Bancomer and Bansefi. With this new service, TRANSFAST is the first money transfer company worldwide that enables customers from the Americas, Europe, and Asia to make nearly instant deposits 24x7x365 including weekends and holidays--whether online at TRANSFAST.com or in person at agent locations--to Mexico. The launch of this new service builds on TRANSFAST's pioneering instant deposit capabilities first launched to the Philippines in 2009 and expanded to India in July 2014.

Samish Kumar, CEO of TRANSFAST, stated: "Together with our new, rapid-transfer, bank partners in Mexico, TRANSFAST continues to build on our industry-leading investment across global markets. Our strong commitment to technological innovation helps deliver an unparalleled combination of value, convenience, and service for our customers sending to Mexico from around the world."

To promote the new service, TRANSFAST.com, the company's online money transfer platform, is--for a limited time--waiving the transaction fee for online, account-to-account, money transfers to Mexico. Further details about this promotion and the money-in-minutes transfer capabilities are available at https://www.transfast.com/fastmexico.

About TRANSFAST:

TRANSFAST, a fast-growing, international, money transfer and payments company in the $436 billion annual global remittance industry, operates a proprietary network of over 200,000 payment points across more than 100 countries in the Americas, Asia, Europe, and Africa. TRANSFAST's cutting-edge technology and systems enable the company to reach a large and broad market. TRANSFAST pioneered the e-money transfer solution and has brought to market products such as international instant bank deposits - enabling customers to send money instantly to recipient bank accounts 24x7x365. TRANSFAST, licensed in over 50 jurisdictions around the world including US, Canada, Europe, Asia, and Africa, is headquartered in New York City with offices in Asia, Africa, Europe, and Latin America.

CONTACT: CONTACT: For additional info about this release or TRANSFAST, contact: Myron Michalski +1-212-382-2828 ext. 5051 myron.michalski@transfast.com

Source: Trans-Fast