Financial Services Industry veteran to lead business development as Country Head.

Berwyn, PA (USA), August 15, 2014 — Prepay Nation, a leading provider of cross-border micro-value and prepaid mobile airtime transfers, has welcomed Western Union veteran and innovator Brian Fox to their team. Fox will be responsible for business development in the Canadian market, helping to expand Prepay Nation’s international value transfer and productized remittance services country-wide.

With a background in technology and software engineering, Fox has built his career driving the innovative application of technology to business goals. He started with Western Union Canada in 2001 and was responsible for building up partnerships with banking organizations all over the country, moving the company in a different direction and ultimately establishing one of Western Union’s most important channels.

His vision and passion for innovation have yielded outstanding results and accomplishments. He handled hundreds of millions of dollars per year for Western Union, and while expanding the company’s traditional retail distribution, Fox saw web- and mobile-based distribution as critical to future of the remittance industry in North America. In line with this, he drove a groundbreaking 2006 deal allowing Canadians, for the first time, to send money worldwide from their Scotiabank online banking portal or mobile banking app. In 2011, Fox established the organization’s first Web and smartphone bi-directional remittance service via relationships with the largest telcos in Canada, and the next year solidified a deal allowing all Canadian banks to offer international remittances via Western Union and the Interac E-transfer network. The first bank on the network went live in 2013, changing the remittance business in Canada forever.

“There is an enormous opportunity for Prepay Nation in Canada,” said Fox, “and it is directly related to the percentage of the population coming from other countries. On average twenty percent of the Canadian population is foreign born, but that escalates to as many as fifty percent in large metropolitan centers like Toronto.” The World Bank estimates the immigrant populations in Canada remit in excess of $20 billion dollars per year to their home countries “Immigrant populations that send financial support to their loved ones back home are always seeking convenient, cost-effective channels for doing so, and this is exactly what Prepay Nation does so well. The ability to deliver small values across international boundaries, instantaneously and without fees, is essentially impossible for conventional financial institutions. Prepay Nation’s value proposition using mobile airtime transfer is real innovation and has tremendous value for Canadian immigrants” added Fox.

“Brian is a true innovator, and one we are excited to bring onboard,” commented Anurag Jain, CEO of Prepay Nation. “He has insight not only into the current financial services industry and the Canadian market, but also into the growth trends that emerging technology is creating within the space. We are excited to have him on the team to nurture our existing valuable partnerships in Canada, and to continue developing our vision for the future.”

About Prepay Nation:
Prepay Nation is a fast growth company in the business of enabling micropayments from one person to another across international borders. Prepay Nation utilizes the prepaid mobile ecosystem to transfer values internationally in the form of prepaid mobile airtime, product and service vouchers, and other forms of productized remittance. With mobile operator partnerships in Central America, South America, Caribbean, Asia, and Africa, and a varied distribution channel spanning the US, Canada, and Middle East, Prepay Nation offers its innovative services to expatriates who financially support their loved ones back home. Prepay Nation’s unique business model, highly scalable processing platform, and interconnectivity with mobile operators, allows for instantaneous and no-fee transfers for the consumers and an opportunity to generate significant revenues for the distributors. For more information, visit www.prepaynation.com .

Press & Media Contact:
Sarah Feidt
Head of Marketing
Prepay Nation, LLC
1055 Westlakes Drive, Suite 300
Berwyn, PA 19312 – USA
+1 571 213 6609
sfeidt@prepaynation.com

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Partnership offers instant prepaid mobile airtime refills at over 175,000 retail locations.

Berwyn, PA (USA), August 15, 2014 — Cellcom Liberia, one of the largest telecommunications providers in Liberia and the first provider of 4G service in the region, has partnered with Prepay Nation, a leading provider of cross-border microvalue and prepaid mobile airtime transfers, to make mobile airtime refills for its subscribers available for purchase overseas. The move will open up a no-fee form of remittance to the hundreds of thousands of Liberian expatriates who support their loved ones back home.

Liberian emigrants are estimated to number over 500,000, largely concentrated in the U.S.A., Germany, Italy, Holland and UK. According to the World Bank, 20% of Liberia’s GDP comes from remittances as they send millions of dollars home every year to help loved ones with bills and expenses. Pew Research estimates $342 million worth of remittance was received by Liberia in 2012, out of which $166 million was sent from the U.S., and $80 million was sent from Guinea. Cellcom in Guinea and Prepay Nation have enjoyed a successful partnership for the last 2 years, a high-volume collaboration that has inspired corporate confidence in this Cellcom Liberia initiative.

Most of the funds received by Liberia is sent through traditional money transfer organizations, but the price of those channels is steep: it costs as much as $15 in fees to send only $200 from the United States to Liberia, where it must be physically collected, incurring both inconvenience and often risk.

“Mobile airtime is a different way to provide financial assistance to family back home,” said Hervé Perrin, VP of Business Development at Prepay Nation. “With this partnership, Liberian immigrants in the U.S.A., Canada, Europe and the Middle East can now purchase airtime refills for their loved ones’ phones. The full value of the purchase, with no fees subtracted, is received instantly on the subscriber’s mobile.”

“Their hard-earned dollars go further, and immediately relieve of one of their loved ones’ primary expenses,” added Perrin. “It’s a godsend for immigrant populations all over the world, and we’re thrilled to make it a reality for Cellcom subscribers.”

“Our primary focus is always on providing greater and greater value for our subscribers,” said John Vasikaran, CEO of Cellcom Liberia. “We have led the charge in growing and enhancing Liberia’s mobile technology infrastructure, and have twice been recognized as the Best GSM Company in Liberia. Opening up the ability to receive instant, Free of Cost airtime transfers from family and friends abroad is a perfect addition to our offerings. Prepay Nation’s retail network spans 175,000 locations, touching our whole diaspora, and we are confident that our customers will love this new opportunity.”

About Prepay Nation:
Prepay Nation is a fast growth company in the business of enabling the transfer of small values from one person to another (P2P) across international borders. Prepay Nation utilizes the prepaid mobile ecosystem to remit values in the form of international airtime, product vouchers, bill payments, mobile wallet balances and more. With over 200 mobile operator partnerships in Central America, South America, Caribbean, Asia, and Africa, and a varied distribution channel spanning over 175,000 locations in the US, Canada, Europe and Middle East, Prepay Nation offers its innovative productized remittance services to expatriates who financially support their loved ones back home. Prepay Nation’s unique business model, highly scalable processing platform, and interconnectivity with mobile operators and other digital service providers, allows for instantaneous and no-fee transfers for consumers and an opportunity to generate significant revenues for distributors. For more information, visit www.prepaynation.com.

About Cellcom Corporation:
The Cellcom Corporation provides communication to the heart of Africa, connecting thousands of people every second. Established in 2004, Cellcom operates in Liberia and Guinea. As a leading provider of communication services in West Africa, Cellcom offers cellular network access and high-speed cellular internet along with high-quality voice calls, SMS, MMS, and international communication services. With over 1,000,000 subscribers, Cellcom is Liberia’s leading service provider as well as its fastest-growing mobile network. The company is renowned for delivering best value, best service and best network coverage. Cellcom, with its countrywide network, is the only network that can provide broadband high-speed data to its customers through its Mobile network, ISP and fiber. For more information, please visit http://www.cellcomgsm.com

Press & Media Contact:
Sarah Feidt
Head of Marketing
Prepay Nation, LLC
1055 Westlakes Drive, Suite 300
Berwyn, PA 19312 – USA
+1 571 213 6609
sfeidt@prepaynation.com

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