Telenor launches mobile wallet service Valyou
Telenor has rebranded Malaysian remittance service operator Prabhu as Valyou (pronounced "value") and released a mobile wallet app under the same name. Prabhu, which had been generating millions of transfers sent to countries including Myanmar, India, Bangladesh and Indonesia, was acquired by Telenor last year 

When Telenor acquired Malaysian mobile money transfer company Prabhu Money Transfers, the telco had big plans seeing the volume of transaction this small operator was engaging. Focusing mainly on the migrant market, Prabhu was generating millions catering to money send to countries like Bangladesh, Myanmar, India and Indonesia.

The remittance service operator is now back with a new name under the Norwegian Cellular group who owns Digi in Malaysia, as Valyou (pronounced “value”) offering customers an enhanced experience of money transfer through a handy mobile wallet app.

By using the service customers are able to transfer money securely by requiring a 6-digit authorisation pin to perform duties like

Cash-In to (deposit money) and Cash Out from (withdraw money) the mobile wallet via online, in-app, at retailers and designated agents

P2P Transfers from one Valyou mobile wallet to another

International Remittance – send money overseas directly from Valyou mobile wallet application

Airtime Top-Ups for prepaid accounts of any network

Bill Payments for either phone bills or utilities

Online Games Top-Ups for in-app game purchases

Convenience of using mobile international remittance (IR) feature of the mobile wallet will be popular due the fact the app allows transfering at any time, anywhere thats not confined to particular outlets, locations and operating hours, and mitigates the risk of physically carrying cash remarks CEO Khurram Malik.