Over half a Billion people to use mobile money transfer services by 2014
Source: Juniper Research,
October, 2009
In 2013 almost 300 Billion transactions, worth more than $860 Billion, will be conducted using a mobile phone – a twelve-fold increase in gross global transaction values in just five years
Source: Informa Telecoms & Media,
February, 2009
424 Million consumers will be sending over $157 Billion of personal funds via mobile domestically, whilst a further 73 Million will be sending $48 Billion of funds via mobile internationally
Source: Informa Telecoms & Media,
February, 2009
International mobile money transfer services to exceed $65 Billion by 2014
Source: Juniper Research,
October, 2009
Gross transaction value of mobile payments in the US will reach $25.2 Billion in 2013
Source: Research and Markets,
September, 2009

CPNI’s P2P solution PATsend™ is a comprehensive, secure, multi-channel payment offering with a specific emphasis on remote mobile payments. Financial Institution customers can conveniently send money from their account to another person’s account, domestically or internationally.

PATsend allows individuals to use a mobile phone, the web or an ATM to send money to friends and relatives anywhere in the world simply by entering the recipient’s phone number or email address. For security, the recipient’s banking details are never revealed to the sender. PATsend also provides the ability for individuals to send money to users not yet registered for the service, thus broadening the number of potential recipients.

Examples: Person to Person

  • Parents sending money to students
  • Splitting a restaurant bill
  • International remittances
  • Social money
Flash Demo

Benefits to Financial Institution

  • Multi-channel (mobile phone, web, ATM, etc.) solution
  • Increased revenue (fee income from transactions, foreign exchange revenue)
  • Multi-ID (phone number, email address, etc.) solution
  • Decreased costs (check processing, labor)
  • Ability to leverage existing processes, infrastructure and settlement network
  • Innovative offerings to attract new customers
  • Improved customer retention

Benefits to Financial Institution Customers

  • Customers bank how they want to bank, promoting customer satisfaction
  • Multi-channel (mobile phone, web, ATM, etc.) solution
  • Multi-ID (phone number, email address, etc.) solution
  • Greater convenience and mobility
  • Bank brand they can trust
  • Faster transactions by eliminating time consuming paperwork
  • Confidence in the security of their personal information
  • Potential cost savings to transfer funds
  • Already own the required hardware (i.e., mobile phone)
  • Flexibility of a single generic interface capable of accessing a limitless number of people
  • Fast, convenient, secure, low cost
  • Only need to know the phone number of the recipient
  • Recipient bank account details are not required