BillMo Now Ranks as the #1 Free Financial Application in Mexico in the Google Play Store

MIDDLEBURY, Conn. and MEXICO CITY, July 12, 2017 /PRNewswire/ -- BillMo, LLC, a US-based company that provides a low cost money transfer and mobile wallet application, is now the number one ranked free financial application in Mexico in the Google Play Store, surpassing all applications by leading financial institutions in the country.

BillMo is also ranked 25th overall in Mexico in the free category in the Google Play Store, a rare achievement for a nongaming app.

"We have seen explosive growth with more than 100,000 new installs in only a few days," said Steve LaBella, BillMo's CEO. "The traction BillMo is getting is phenomenal but it's also something we anticipated and have been preparing for since launching in early 2016. The smartphone market opportunity in Latin America is dynamic, expansive and growing and with our team's commitment and perseverance, we have been able to tap into it quicker than even we anticipated. The BillMo concept is now more than proven – it's solidified and growing."

BillMo's digital wallet is an electronic tool used to financially transact in-app and in-store through the use of a smartphone, extending financial reach and freedom for its users. Wallet holders can use the app for a variety of financial transactions, including cash withdrawal, top up for any prepaid mobile phone, bill payment or retail purchases.

The BillMo application was released in Q1 2016 and has a four+ rating in the Google App store. The application is currently available in Mexico with plans to make it accessible throughout all Latin America.

BillMo is currently running a promotion for new beneficiaries: Upon receiving their first BillMo app transfer of $USD10 or greater, recipients will receive 100 bonus pesos.

BillMo is available in both Google Play and iTunes Stores. For more information, visit www.billmo.com/apps.

The BillMo application is a service of CBW Bank, Member FDIC.

About BillMo

BillMo (short for Billetera Móvil) is a US based company that offers a low cost money transfer and mobile wallet application. The BillMo application allows US senders to send money to individuals in Mexico using just their Smartphone and debit card, while turning Smartphones into mobile wallets for Mexican beneficiaries for cash withdrawal, top up for any prepaid mobile phone, bill payment or retail purchases. The cost for the US sender to transfer money is .99¢ and it is always free to receive money. For more information, visit www.billmo.com.

BillMo is a trademark of BillMo, LLC.

*BillMo is currently available in Mexico with Guatemala launching in Q3 2017 and other locations in Latin America to soon follow.

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SOURCE BillMo, LLC