Tag Archives: micropayments

Industry Veteran Carlos Rodriguez Joins Prepay Nation to Lead USA Division

September 26, 2015 flashnewsrelease Leave a comment

Prepay Nation has welcomed chief operations and business development executive Carlos Rodriguez to their team as President of Prepay Nation USA.

Berwyn, PA (USA), September 24, 2015 — Prepay Nation, a leading provider of cross-border micro-value and prepaid mobile airtime transfers, has welcomed chief operations and business development executive Carlos Rodriguez to their team as President of Prepay Nation USA. Rodriguez will be responsible for overall company growth in the US market, helping to expand Prepay Nation’s international airtime transfer and value transfer services nationwide.

With technical expertise and an entrepreneurial spirit, Rodriguez has over 27 years of delivering results through innovation, common sense management and a “Make it Your Own” approach. He has created customer loyalty by delivering excellence and providing leadership. He most recently served as Chief Operating Officer at *Blackstone where Rodriguez oversaw 275 employees throughout the US and Caribbean, that generated over $375 million in annual revenue.

“My goal is for Prepay Nation USA to become the industry leader,” said Rodriguez, “and to take the business to the next level of growth.” Rodriguez, part of the core team that brought international Top-up to the United States, said becoming President of Prepay Nation USA was the perfect match. “On the distribution side, I worked with Prepay Nation as a vendor. I am thrilled to move over to the vendor side, and work closely with Anurag Jain, CEO of Prepay Nation, who I have known for many years through the business.”

“Carlos was part of the core team which built one of the biggest airtime and prepaid distribution organizations in the United States. They were one of the first ones to sell airtime electronically and still hold the patent for that. Carlos is very well respected in the prepaid and telecom space. His experience in the telecom industry, building and managing a large organization and his deep understanding of prepaid distribution were the main factors in hiring him for this position,” commented Jain.

Prepay Nation has grown at an exponential rate over the last few years. “This is the time for us to have the right processes in place and an organizational structure that supports the growth we have had and which we anticipate over the next few years. Carlos will be the right fit to put that in place because of his wealth of experience and knowledge,” concluded Jain.

About Prepay Nation:
Prepay Nation is a 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 send value in the form of international airtime. With over 200 mobile operator partnerships in 94 countries and diverse distribution channels spanning over 175,000 locations in the US, Canada, Europe and Middle East, Prepay Nation provides a valuable service to expatriates who financially support their loved ones back home. Prepay Nation’s unique business model, scalable multi-currency processing platform, and global interconnectivity with mobile operators and other digital service providers provides instantaneous and no-fee value transfers for consumers and a significant revenue opportunity for distributors.

To read more, visit http://www.prepaynation.com

*Blackstone is a registered trademark of Blackstone Online

Press & Media Contact:
Brian Fox, Corporate Communications
Prepay Nation, LLC
1055 Westlakes Drive, Suite 300
Berwyn, PA 19312 – USA
+1 (416) 648-9133
bfox@prepaynation.com
http://www.prepaynation.com

Technology

Prepay Nation, Airtel Kenya Partner to Offer International Mobile Top-up

June 14, 2015 flashnewsrelease Leave a comment

Prepay Nation has announced its partnership in Kenya with Bharti Airtel, a leading telecommunications services provider with operations in 20 countries across Asia and Africa.

Berwyn, PA (USA), Jun 14th, 2015 — Prepay Nation, a leading provider of cross-border prepaid mobile airtime transfers, has announced its partnership in Kenya with Bharti Airtel, a leading telecommunications services provider with operations in 20 countries across Asia and Africa. With this partnership, individuals living in the US, Canada, and Europe will be able to transfer small values to Airtel Kenya customers in the form of airtime minutes, without fees and from over 175,000 retail locations and web sites.

The partnership will provide the over three million Kenyan expatriates with access to instant International Mobile Top Up (IMTU) service through Prepay Nation’s distribution network. IMTU is becoming a preferred method of family support for immigrants around the world, who are able to utilize the widespread penetration of mobile phone infrastructure to send support to their loved ones back home, without the high cost of sending money.

“Airtel Kenya is an ideal partner for us,” said Hervé Perrin, VP of Business Development at Prepay Nation. “Kenyans living abroad are among the most active remitters in the world, and as such are well-served by the access. They will now have access to a cash-based, no-fee service for sending Airtime back home instantly. With more than 8 million subscribers in Kenya, Airtel’s integration to Prepay Nation’s huge distribution network will connect them to their loved ones abroad and we are delighted to add that value to Airtel’s offerings.”

“We are pleased to integrate with Prepay Nation,” said CEO of Airtel Kenya, Adil El Youssefi. “Our alliance enables us to broaden our footprint of international mobile top-up connectivity and reach millions of Kenyans eager to send assistance at home. This is another outstanding enhancement to the services we offer our subscribers, and Prepay Nation’s flexibility has been instrumental in making it happen.”

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 send values in the form of international airtime. 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 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 http://prepaynation.com/contact/

About Bharti Airtel:
Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscribers. In India, the company’s product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G and 4G wireless services and mobile commerce. Bharti Airtel had over 324 million customers across its operations at the end of March 2015. To know more please visit, www.airtel.com

For more information, contact Dick Omondi on email dick.omondi@ke.airtel.com phone +254737048009

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
http://www.prepaynation.com

Technology

Prepay Nation Named to Inc. Magazine’s Annual List of America’s Fastest-Growing Private Companies for 2014

September 7, 2014 flashnewsrelease Leave a comment

Microvalue transfer innovator is ranked in the top 100 companies.

Berwyn, PA (USA), September 06, 2014 — Prepay Nation, a leading provider of cross-border micro value and prepaid mobile airtime transfers, is thrilled to announce that the company has been named to Inc. magazine’s annual Inc. 500 list, an exclusive ranking of the nation’s fastest-growing companies. The company ranks #97 overall and #10 in the Financial Services category. Prepay Nation stands alongside such market disrupters as Lending Tree, GoPro, Hubspot and Fuhu.

To be included in the 2014 Inc. 500 list, companies had to have grown more than 942% from the start of 2011. Prepay Nation is honored this year based on its meteoric 3,637% growth over the last 3 years. Past honorees include Intuit, Zappos, Microsoft, Jamba Juice, Timberland, Pandora, Oracle, and other industry leaders, many of whom have since gone public.

Prepay Nation enables the transfer of small values across international boundaries on a real time basis. It is a P2P service that is primarily used by immigrants to extend financial support to their friends and family back home. Prepay Nation utilizes prepaid mobile phone infrastructure around the globe to provide its service, which is free to both sender and recipient, and is complementary to the traditional money remittance market, estimated at approximately $500 billion per annum.

“Prepay Nation was built on the fact that the current financial systems do not provide any cost-efficient option to transfer small values across international boundaries,” said Anurag Jain, CEO of Prepay Nation. “Our tremendous growth is a validation of the opportunity that exists, along with our ability to offer a unique solution to migrant workers.”

“We are proud and humbled by this honor,” said Ajay Goyal, CTO and Co-Founder of Prepay Nation. “It not only recognizes efforts on our part, but also the value of the service we provide enabling no-fee cross-border productized remittances.”

“Prepay Nation is a remarkable organization, and this recognition comes as no surprise to anyone who has been involved in their amazing growth over the past few years,” commented Carol Realini, payments innovator and Board Member at Prepay Nation. “The team has real vision, and an outstanding roster of talent for making it a reality. They’re bringing substantial value to each of their partners, and I have no doubt they will garner increasing recognition from Inc. and others moving forward.”

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, 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 http://www.prepaynation.com.

About Inc. and the Inc. 500:
Inc. magazine, founded in 1979 and based in New York City, is a monthly publication focused on growing companies. Since 1982, the magazine has published an annual list of the 500 fastest-growing private companies in the U.S., the “Inc. 500.” The Inc. 500 is ranked according to percentage revenue growth over a four-year period. To qualify, companies must be U.S.-based, privately held, and independent—not subsidiaries or divisions of other companies—as of December 31 of the last year measured. Revenue in the initial year must have been at least $200,000, and revenue in the most recent year must have been at least $2 million.

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
http://www.prepaynation.com

Telecom

Brian Fox Joins Prepay Nation to Lead Activities in Canada

August 15, 2014 flashnewsrelease Leave a comment

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 .

Telecom

Cellcom Liberia and Prepay Nation Launch International Mobile Top-Up Worldwide

August 15, 2014 flashnewsrelease Leave a comment

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

Telecom

Frank Quiñones Joins Prepay Nation Team

July 21, 2014 flashnewsrelease Leave a comment

Money transfer veteran takes on role as National Sales Manager.

Berwyn, PA (USA), July 18, 2014 — Prepay Nation, a leading provider of cross-border microvalue and prepaid mobile airtime transfers, is pleased to welcome seasoned sales leader Frank Quiñones to their team. Quiñones will be serving as National Sales Manager, focusing his efforts on growing Prepay Nation’s distribution base within the Financial Services Centers market, with an emphasis on the Spanish-speaking sector.

Recently responsible for prepaid product launches at money transfer firm Sigue, Quiñones has a wealth of both sales experience and familiarity with the value remittance market. He has worked with industry leaders such as Western Union, MoneyGram, Praxell and Softgate, garnering a reputation for excellent salesmanship and strong customer relationships. Originally from Puerto Rico, Quiñones will lead both west coast and Spanish-speaking retail business development for the Prepay Nation network.

With 53 million Hispanic individuals living in the United States, over 19 million of whom are immigrants, the Spanish-speaking population is a large and growing force in the US economy. Businesses catering to the needs of this demographic often include cross-border money remittance services—a high-demand service, with over $41 billion being remitted to Spanish-speaking Latin America from the U.S. annually. According to World Bank data analyzed by the Pew Research Center, funds transferred to Latin America account for a third (33%) of remittances from the U.S.

“Money remittance is a vital service, but often an expensive one,” said Quiñones. “By selling international airtime top-ups as a form of remittance, businesses can bring a no-fee option to their customers who want to support their loved ones back home. It’s a huge value, and I am eager to help our partners grow by incorporating it into their offerings.”

“We are excited to have Frank on our team,” said Anurag Jain, CEO of Prepay Nation. “His dedication to providing strong value to customers, along with his Spanish fluency and familiarity with both prepaid products and cross-border remittance channels, are going to be excellent assets to Prepay Nation. We’re confident that he will contribute greatly not only to our growth, but also to the success of each of our retail and distribution partners.”

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 in the form of international airtime 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.

Technology

Hervé Perrin Joins Business Development Team at Prepay Nation

April 17, 2014 flashnewsrelease Leave a comment

Expanding the European footprint for the leading mobile value transfer company.

Berwyn, PA (USA), April 16, 2014 — Prepay Nation, a leading provider of cross-border microvalue and prepaid mobile airtime transfers, has brought on telecom business leader Hervé Perrin as VP of Business Development. Perrin joins Prepay Nation’s team of mobile ecosystem innovators with a mandate to expand the company’s European operations, as well as to invest his expertise in their ongoing development of new and exciting use cases for their award-winning platform.

A globally successful strategist, marketer, and change manager with a significant focus in the telecommunications sector and the EMEA region, Perrin comes to Prepay Nation from director-level positions across the mobile landscape, including MVNO, B2C prepaid airtime transfer, and consultancy organizations.

With 20 years of global leadership experience at companies such as Set Mobile, Telenor, Moov- Subsidiary of Etisalat, Intercel, Telecel, Afritel, and XTS Network, he has worked with and consulted for some of the largest mobile operators in the industry. He is also the founder of Minute Transfer, one of the very first international mobile top-up (IMTU) companies in the world, and served as the startup Managing Director of the first MVNO in sub-Saharan Africa.

Perrin’s achievements bode well for Prepay Nation. His unique profile of having worked at MNOs, MVNOs, vendors and consultancies gives him a valuable perspective on what Prepay Nation has to offer. As the organization seeks to bring their flexible value transfer platform to mobile network operators and service providers around the globe for a variety of use cases, Perrin’s intimate understanding of their needs will prove invaluable.

“Perrin is a strong addition to our team,” said Ajay Goyal, President of Prepay Nation. “He has the kind of insight that can guide us in developing partnership opportunities, as he so clearly knows the inner workings and pain points of our target clients. His success speaks to his abilities, and we are excited to work with him on even greater success for Prepay Nation.”

“Prepay Nation has built not only an impressive global network of operators and retailers, but also a platform so flexible that it presents an incredible opportunity for innovation,” added Perrin. “I am looking forward to breaking new ground on use cases for their value transfer platform—use cases that will disrupt and lead the market.”

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 in the form of international airtime 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 http://www.prepaynation.com.

Telecom

Mobilink and Prepay Nation Launch International Mobile Top-Up Worldwide

March 14, 2014 flashnewsrelease Leave a comment

Partnership offers instant prepaid mobile airtime refills at over 175,000 retail locations in North America, Europe and the Middle East.

Berwyn, PA (USA), March 14, 2014 — Prepay Nation, a leading provider of cross-border microvalue and prepaid mobile airtime transfers, has announced its partnership with Mobilink, the premier mobile network operator in Pakistan. The two organizations are teaming up to make prepaid airtime on the Mobilink network available for purchase at over 175,000 retail locations throughout North America, Europe, and the Middle East.

“Mobilink is the undisputed market leader in Pakistan,” said Anurag Jain, CEO of Prepay Nation. “They are an ideal partner for us, and we anticipate significant demand from the global Pakistani expat community whose members are always looking for ways to support their loved ones back home. Now they can send airtime instantly, without fees, from any storefront in the world that is connected to Prepay Nation.”

Wasif Mustafa, Head of Marketing Mobilink said, “Mobilink constantly innovates in its voice and data services offers in order to enhance its customer experience. Prepay Nation’s platform and impressive distribution footprint to facilitate international mobile top-ups is yet another way to empower our customers and provide them with maximum flexibility.”

Utilizing the instantaneous, no-fee airtime transfers that the Prepay Nation platform is famous for, the expatriate friends and family of more than 37 million Mobilink subscribers in Pakistan can now purchase mobile airtime top-ups for their loved ones back home. The popular airtime refills will be available throughout Prepay Nation’s expansive global distribution network of retail locations.

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 in the form of international airtime 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 http://www.prepaynation.com.

About Mobilink:
Mobilink is Pakistan’s leading provider of voice and data services. With over 37 million subscribers, Mobilink maintains market leadership with coverage in over 20,000 cities, towns and villages across Pakistan. Mobilink continues to innovate through cutting-edge, state of the art technology, a portfolio of Mobile Financial Services, strongest brands, the largest portfolio of value added services, as well as the country’s largest network with over 9,000 cell sites. The company also has the largest distribution and call center network that enables it to offer wider accessibility and quality customer services across Pakistan.

Computers

Prepay Nation Named #1 Fastest-Growing Privately Held Company in Philadelphia

November 19, 2013 flashnewsrelease Leave a comment

Company takes top spot at the annual Philadelphia 100 awards.

Berwyn, PA (USA), November 19, 2013 — Prepay Nation, a leading provider of international mobile top-up and cross border micropayment services,has taken the top honor at the prestigious Philadelphia 100 awards, held annually by the Philadelphia Business Journal, the Wharton Small Business Development Center and the Entrepreneurs’ Forum of Greater Philadelphia.

The Philadelphia 100, a hallmark of entrepreneurial achievement in the region since 1988, is a merit-based program measuring the fastest-growing, privately held companies in the Philadelphia area. This year, the awards were presented to the winning 100 companies at the Annenberg Center for the Performing Arts on Oct. 16.

“To be recognized as the single fastest-growing private company in the region is a testament to the hard work of our team, as well as the market potential of our vision,” said Anurag Jain, CEO of Prepay Nation. “We want to thank the Philly100 team for this honor, and congratulate our fellow winners as well!”

This win comes on the heels of Prepay Nation’s recognition in the Tie50 as one of the 50 best startups in the world, selected from a pool of over 1,100 candidates from 24 countries. “We have expanded rapidly and strategically since our inception, and we are confident that with a team and an offering as outstanding as ours, this is only the beginning of what we will achieve.”

Prepay Nation’s Board of Advisors expressed enthusiasm for the win. “Prepay Nation is breaking ground in an industry that is continuously developing,” said Board Member FadySahhar, President of strategic business consulting firm XtraGlobex. “Their broad network and unique capabilities are putting them at the forefront in markets where demand is increasing, and I’m proud to be involved with such an innovative team.”

Board Member Carol Realini, author and mobile payments and banking pioneer, commented, “The global mobile ecosystem is rapidly evolving as consumers all over the world use their phones for more activities and services than ever before. The Prepay Nation team is has done an incredible job of building an innovative cross border platform and leading in the Americas corridor. I have no doubt that this award is one of many they will garner in the next few years.”

“There are so many stakeholders that benefit from Prepay Nation’s work,” said Board Member A.J. Hanna, financial industry veteran and Director atAnthemis Group. “Not only do service providers and points of sale reap significant rewards from integrating, but consumers all over the globe are more connected, with vastly more options for supporting their loved ones, as a result.”

“As many in this industry work to reinvent financial services for the 21st century, companies like Prepay Nation are absolutely at the heart of the foundation we are building on, and will continue to be critical innovators in the years ahead,” Hanna added.

About Prepay Nation:
Prepay Nation enables value transfer across international borders using a global mobile ecosystem of 149 mobile operators. Processing millions of transactions across the Americas, Prepay Nation leads the way in expanding distribution with rich mobile customer experiences and has a traditional distribution channel of over 150,000 locations. Their processing platform serves as a foundation for micro transactions beyond airtime, enabling instantaneous value transfer creating revenue generation for operators, distributors, and retailers. With the recent acquisition of the European company, Minute Transfer SA, they are aggressively expanding into Europe, Asia and Africa. For more information visit: http://www.prepaynation.com.

About Philadelphia 100:
Started in 1988 by The Entrepreneurs’ Forum of Greater Philadelphia, The Philadelphia Business Journal and the Wharton SBDC, the Philadelphia 100 has recognized some of the region’s finest companies when they were just beginning to emerge: Mothers’ Work, Fiberlink, Urban Outfitters, Forman Mills, Kremer Laser Eye Center, and Primavera Systems, just to name a few.This program culminates in a gala event every fall where the fastest growing, privately-held companies are recognized. The event is one of the City’s premiere business events, marked by delicious hors d’oeuvres, open bar, great networking, “the countdown”, Hall of Fame inductions, Top 10 Fastest Growing Company Awards and the keynote speaker address.

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

Telecom

Tagattitude Announces Partnership with Prepay Nation

October 4, 2013 flashnewsrelease Leave a comment

Prepay Nation enables international diasporas to transfer values to mobile wallets in Africa, Latin America and Caribbean via TagPay platforms.

Paris & Philadelphia, PA (USA), October 03, 2013 — Tagattitude, the company behind the award-winning TagPay mobile money platform, announces a partnership with Prepay Nation, a leading provider of cross-border, micro –value transfers. This partnership seeks to connect the customers in Prepay Nation’s distribution network with the mobile money services running on TagPay.

Prepay Nation has an established practice in mobile airtime transfers and currently works with key mobile operators like Airtel, Etisalat, Digicel, Tigo, America Movil, and Orange to facilitate the transfer of prepaid airtime to in-country subscribers from loved ones abroad in developed nations. Since there are no fees charged to the receiver or to the sender, the service has become tremendously popular among expatriates, especially in North America and the Middle East.

Prepay Nation’s partnership with Tagattitude complements their strong growth initiative into productized remittance opportunities that allow immigrant workers to buy goods and services for their family members back home on a real-time basis, rather than sending cash via conventional money remittance channels. . Their distribution network covers over 200,000 partner point of sale locations in North America, Europe, and the Middle East, serving millions of expatriate, immigrant, and prepaid wireless customers both banked and unbanked.

“With the increasing demand among members of various global diasporas for productized remittance opportunities to support their dependents back home, we are always looking for innovative methods to satisfy that need ,” explains Prepay Nation CEO, Anurag Jain, “Integrating with TagPay was a natural choice, as our existing customers who currently transfer airtime will now have the option to transfer value into a mobile wallet of a family member abroad. Through a single integration we have created new business opportunities for our partners and the mobile money operators using the TagPay platform.”

Over 20 existing mobile money services run on TagPay platforms and this number is steadily increasing. Companies like MobiPay (Namibia), MCash (Uganda), Celpaid (Ivory Coast), and HaitiPay (Haiti) use TagPay to offer valuable e-money services that promote financial inclusion in their countries. These services typically include account management (mobile wallet), mobile payment for retail purchases, person-to-person transfers, bill payment and more.

Thanks to the partnership between Tagattitude and Prepay Nation, all TagPay-based mobile money services can use Prepay Nation’s distribution network to facilitate transfers of value to their user base from loved ones all over the world.

“Building and maintaining an entire agent network from scratch is a major challenge and investment for any mobile money service,” explains Tagattitude CEO Yves Eonnet, “Plugging into existing networks is a great way to get around this however few networks are willing or able to do the technical integration that is often required to connect to a single service, particularly if that service is new on the market. Prepay Nation’s expertise enabled a seamless and rapid integration, which has produced a level of global connectivity that we’re excited about. Since all of Tagattitude’s clients use the same type of platform (TagPay), with just one integration Prepay Nation’s distribution network can process transactions seamlessly and securely for any TagPay-based service.”

Prepay Nation and Tagattitude will showcase their successfully completed technical integration October 6-10 on Prepay Nation’s booth #119 at the Money2020 event in Las Vegas.

With integration out of the way, Prepay Nation has begun discussions with Tagattitude’s clients who have had an overwhelmingly positive reaction to Prepay Nation’s offering.

“We are thrilled that Haitians living in the US will soon be able to send money home to a family member’s HaitiPay account just by going to a retail outlet connected to the Prepay Nation platform,” shared HaitiPay CEO Pascale Elie, “This new service will boost usage and adoption of HaitiPay. International remittances has always been part of our vision and with Prepay Nation is will be possible to offer this much sooner than we had hoped.”

Though there are regulatory, business, and other considerations to take into account, it is expected that HaitiPay and many other TagPay-based mobile money services will soon be available via Prepay Nation’s distribution network.

About Tagattitude (www.tagattitude.fr) :
Tagattitude specializes in MOBILE MONEY.

Tagattitude has developed the TagPay mobile money platform, a state-of-the-art brandable platform enabling the fullest range of mobile money services on the market. This platform is used by 20+ mobile money services worldwide and supports each facet of their ecosystem.

TagPay includes highly innovative NSDT™ (Near Sound Data Transfer) technology developed and patented by Tagattitude. NSDT™ enables the use of all existing mobile phones worldwide as payment tools and authentication devices. NSDT™ uses the mobile phone’s audio channel to transmit secure transaction data (One Time Password, electronic signatures, certificates).

Tagattitude was founded in 2005 by Yves Eonnet and Hervé Manceron who bring over 15 years of experience in the smart-card and telecom industries. Tagattitude’s technologies and platform make contactless transactions and financial services possible for all. Tagattitude holds 10 international patents and invests over half of its resources in R&D.

About Prepay Nation (www.prepaynation.com) :
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 in the form of international airtime 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.

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