UGO launches peer-to-peer money transfer capabilities with the addition of UGO Pay

TORONTO, Feb. 1, 2016 /CNW/ - Canada's first open digital wallet just got better. UGO Mobile Solutions L.P. (UGO) announced today its third major release in a year with the addition of UGO Pay – peer-to-peer (P2P) money transfers – to its UGO Wallet. Initially available in beta, with more features to come, UGO Pay provides customers with the convenience of digitally sending and receiving money securely and easily from their phones -- great for on-the-spot transactions like settling bills with friends.

"With the addition of UGO Pay, our wallet now offers more functionality on more smartphones than any other digital wallet in Canada today," said Alec Morley, CEO of UGO. "Our customers have already added nearly half a million loyalty, gift and payment cards to their UGO Wallets, and UGO Pay is another example of how we continue to bring to market the combined features and capabilities that allow users to simplify their lives."

Using UGO Pay
Customers now have the flexibility to load money from Visa or MasterCard credit cards or Visa debit cards on to UGO Pay.  Transfers are free1 and made securely and easily via text message using either a sender's existing address book, or by inputting any Canadian mobile phone number. Recipients can accept funds with a few taps and choose to keep a balance for future use, cash out, or make a purchase at popular restaurant locations, including Swiss Chalet, Harvey's and Milestones. UGO Pay is in beta and will continue to evolve.  Customers can expect the addition of new features and options in the coming months.

UGO Pay will be supported across iOS, Android and BlackBerry mobile platforms regardless of carrier.

UGO Pay is the latest enhancement to UGO Wallet's initial integrated single tap payment and loyalty platform. Previous releases have added the ability to store and use any loyalty card the way you would the physical version, and the ability to store, redeem and electronically receive gift cards. All features are backed by bank-grade security, with optional PIN or password settings. 

Stay up to date on the latest news by following UGO on Twitter @UGO and "Like" UGO on facebook.com/ugo or learn more at www.ugo.ca.

About UGO Wallet
UGO Wallet is a digital wallet application that brings the power of simplicity to everyday life by combining payment, loyalty, gift cards, and peer-to-peer (P2P) money transfers in one simple and secure application. UGO Wallet offers Canadians an easy way to shop and participate in loyalty programs, all on their smartphone. www.ugo.ca 

You can use UGO Wallet to make a payment at any merchant who supports contactless payments. You can also use UGO Wallet to get or redeem reward points and gift card balances wherever the merchant has the appropriate technology at point-of-sale.  You can use UGO Pay to pay at certain popular restaurant locations.

Apple and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Android and Google Play are trademarks of Google Inc.

BlackBerry is the trademark of BlackBerry Limited.

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1 Standard wireless carrier text messaging fees and data rates apply.

SOURCE UGO Mobile Solutions L.P.

For further information: Media Contact: Katharine Ashworth, UGO Mobile Solutions L.P., katharine.ashworth@ugo.ca

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UGO Mobile Solutions L.P.

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