Many countries around the world have a little different concept of using their cell phones in comparison to what we here in US are used to.  People in countries like India, Philippines, and many other countries use a prepaid program for their cell phones.  They charge the amount that they are planning to use and once it runs out they recharge it again.  The problem here is that many of the people that live in these countries are not very financially stable and rely a lot on their family members overseas for some financial help.  For those of you, who have sent money to your loved ones that live in another country, know how much they charge to send a money order or wire transfer per each transaction. 

Luckily there is a new company called Aryty that came up with a solution to help such people in need.  The way it works is, families can send money directly into the cellular accounts of their loved ones without paying any processing fees in the process.  This way not only do they pay no fees, but also have an ability to charge more on their account and do it very quickly, and on regular basis.  No need to spend any more money on transfer fees.

Source: Techcrunch

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