Ding acquires French retail mobile top-up company TransfertCredit
Dublin, Ireland, 10 August 2016 – Ding the world’s largest international mobile top-up network, has announced today that it has acquired retail top-up company, TransfertCredit.
Founded in 2011, TransfertCredit is a French-based service that has grown its retail network to over 1,000 merchants across the country. They have pioneered international mobile top-up in France to a wide range of diaspora communities, predominately from African regions including Mali, Senegal, Cameroon, Morocco and Algeria, and Caribbean countries such as Haiti.
With an existing presence in over 500,000 retail locations globally, the acquisition will enable Ding to bring its unrivalled service capabilities to TransfertCredit’s already impressive retail footprint.
Ding is presently connected to more than 360 operators in over 130 countries, with over 70 of these based in African nations. The two companies will be working closely together in conjunction with mobile operators in Francophone regions to promote the service throughout the French Republic and to deliver a compelling customer experience.
Mark Roden, Chief Executive Officer at Ding commented, “Because of the technology you have access to in the Fintech space, it is easy to get caught up in reimaging your business model – focussing too much on future technology and applications rather than the here and now. At Ding we are focussed on cementing our position as the world’s leading international mobile top-up business, on continuing to deliver an unrivalled global product and providing great service to our customers. The acquisition of TransfertCredit is key in implementing this strategy and it gives us further access to the African and Caribbean diaspora in France,” He added: “TransfertCredit has successfully developed a strong presence in the French retail market and built an impressive network of stores. Furthermore, we believe Wilfrid and the team share our ambition to deliver an unrivalled customer-centric offering.”.
Wilfrid Lecoutre, Chief Executive Officer and founder of TransfertCredit said “The acquisition was a good fit as both companies are committed to delivering the best service to our customers. We have a shared entrepreneurial passion for connecting people through mobile top-up.
To date, TransfertCredit has supported the diaspora community in France, and we are delighted to be working with Ding to expand our reach. Ding is the world leader in mobile top-up, and we are excited about the opportunities for TransfertCredit as a part of a wider, global network.”