July 26, 2017

BillMo Wins Mobile Money & Payments Award at the M2Banking Fintech & Mobile Innovation Awards

MIDDLEBURY, Connecticut and MEXICO CITY, July 26, 2017 /PRNewswire-HISPANIC PR WIRE/ -- BillMo, LLC, a US-based company that provides a low cost money transfer and mobile wallet application, won the Mobile Money & Payments Award at the Fintech & Mobile Innovation Awards last week in San Francisco, California. Only two awards were offered at the conference.


BillMo, currently the number one ranked mobile wallet application in Mexico and the 6th overall in Mexico in the free financial category in the Google Play Store, presented its product at the M2Banking & Fintech LatAm 2017 conference in front of mobile device providers, regional operators, brands, banking, regulators and retailers and came out on top of the competition.

"This award is special to us because it validates that we have built the best mobile money app available today," said Steve LaBella, BillMo's CEO. "BillMo's extreme rapid adoption in Mexico recently is endorsing in itself. Then adding affirmation from a judging panel of some of the industry's top professionals corroborates that we are on the right track, that the people of Mexico and all of Latin America are hungry for a simple and cost-effective app that offers financial freedom like no other. We are more than excited to be able to fill this need."

BillMo's digital wallet is an electronic tool used to financially transact in-app and in-store through the use of a smartphone, extending financial reach and freedom for its users. Wallet holders can use the app for a variety of financial transactions, including cash withdrawal, top up for any prepaid mobile phone, bill payment or retail purchases.

The BillMo application was released in Q1 2016 and has a four+ rating in the Google App store. The application is currently available in Mexico with plans to make it accessible throughout all Latin America.

BillMo is currently running a promotion for new beneficiaries: Upon receiving their first BillMo app transfer of $USD10 or greater, recipients will receive 100 bonus pesos.

BillMo is available in both Google Play and iTunes Stores. For more information, visit www.billmo.com/apps.

The BillMo application is a service of CBW Bank, Member FDIC.

About BillMo

BillMo (short for Billetera Móvil) is a US based company that offers a low cost money transfer and mobile wallet application. The BillMo application allows US senders to send money to individuals in Mexico using just their Smartphone and debit card, while turning Smartphones into mobile wallets for Mexican beneficiaries for cash withdrawal, top up for any prepaid mobile phone, bill payment or retail purchases. The cost for the US sender to transfer money is .99¢ and it is always free to receive money. For more information, visit www.billmo.com.

BillMo is a trademark of BillMo, LLC.

*BillMo is currently available in Mexico with Guatemala launching in Q3 2017 and other locations in Latin America to soon follow.

Logo - https://mma.prnewswire.com/media/468565/BillMo Logo.jpg