Tigo Money service allow users to send actual cash to others in Honduras via their cell phone and can be claimed at national banks.

Millicom ended the fourth quarter with almost 9.5 million active users in the mobile financial services (MFS) segment. Millicom offers mobile financial services in Latin American and African markets under the Tigo Money brand.

At the moment Tigo Money is a domestic remittance service. Users can send and receive money via any of Tigo’s agents.  The service enables users to send or receive money via SMS.  The amounts remitted can range between .64 cents up to $320 USD.

Tigo hopes that once users become more familiar with the service, the platform will evolve to offer a further an array of OTC  and m-wallet services in the near future.