Tag Archives: mobile top up

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

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

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Prepay Nation Acquires Minute Transfer and Gains Entry into the European Market

European expats can now access the Prepay Nation global network.

Philadelphia, PA (USA), October 09, 2012 — Prepay Nation ( http://www.prepaynation.com ), one of the fastest growing providers of international airtime transfers for prepaid mobile operators in emerging nations, has announced completion of its acquisition of Minute Transfer SAS, a France-based international mobile Top Up (IMTU) services provider.

Through this acquisition, Prepay Nation will now own the vast network of mobile operator partnerships built by Minute Transfer in Asia and Africa. The acquisition will give Prepay Nation a significant footprint in the European market, allow Europeans access to the Prepay Nation network, and enable the firm to establish partnerships with mobile operators relevant to diaspora populations in Europe.

“This purchase will accelerate our expansion into new territories, adding to our strong base in the North American market starting with Europe,” said Anurag Jain, CEO of Prepay Nation. “It will also provide us a highly valuable domain name (http://www.minutestransfer.com) along with a loyal customer base that has been serviced by Minute Transfer over the last few years.”

“This acquisition will allow Prepay Nation to offer a direct to consumer sales channel through an online portal to its existing mobile network operator partners, thus adding significant value to its business,” said Herve Perrin, Founder of Minute Transfer. “Our customers will benefit from the innovative cross border value transfer services Prepay Nation plans to introduce in the near future.”

About Minute Transfer:
Minute Transfer is one of the first companies to offer International Mobile Top up services. The company has been in operation since 2008 serving customers through an online portal to transfer minutes globally.

About Prepay Nation:
Prepay Nation is a leading provider of international mobile Top Up with mobile operator partnerships in Central America, South America, Caribbean, Asia, and Africa. Through over 150,000 retailers in the U.S. and Canada, Prepay Nation enables expatriates to financially support their families back home. Prepay Nation’s unique business model and highly scalable processing platform enables instantaneous financial transfers for consumers and incremental revenue generation for distributers and retailers. For more information, visit http://www.prepaynation.com.

Press & Media Contact:
Erin Flynn Jay or Fady Sahhar
XtraGlobex
1800 John F. Kennedy Blvd. Suite 300
Philadelphia, PA 19103 – USA
215-772-3048/267-238-3820
erin.flynn@xtraglobex.com/fady.sahhar@XtraGlobex.com

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Prepay Nation Announces Partnership with Globacom in Nigeria

Glo to offer international mobile top-up through Prepay Nation’s North American and European retail channels.

Philadelphia, PA (USA), Friday – March 30, 2012 — Prepay Nation ( http://www.prepaynation.com ), one of the fastest growing providers of international airtime transfers for prepaid mobile operators in emerging nations, has announced an alliance with Nigeria’s national telecom operator, Globacom. Through the partnership, individuals living in the US, Canada, and Europe will be able to transfer small currency values to Glo customers in the form of airtime minutes, from a diverse array of convenient retail locations.

The partnership will provide the significant and growing Nigerian expatriate community in North America and Europe-estimated at over 5 million individuals-as well as those with loved ones living and working abroad in Nigeria, with access to instant International Mobile Top Up (IMTU) service through Prepay Nation’s retail distribution network. The service provides a vital avenue through which customers can support their Nigeria-based friends, colleagues, and loved ones, instantaneously replenishing their mobile airtime minutes from a nearby partner retailer.

“We are excited to partner with Glo,” said Sarah Feidt, Head of Marketing at Prepay Nation. “They are pioneers in their market, and our international mobile top-up services are a perfect fit with that. We’re also pleased to serve the Nigerian Diaspora, which remits an estimated $20 billion annually; being able to send small amounts to their loved ones instantly in the form of airtime minutes will no doubt be extremely valuable to this supportive demographic.”

Also speaking about the development, Head of Glo Gateway, Adeniyi Olukoya said that the partnership will further help to improve the connection between Nigerians in the Diaspora and their loved ones at home who they can send Glo international airtime top-ups by visiting any of the thousands of Prepay Nation ( http://www.prepaynation.com ) partner outlets across Europe and in North America.

“This partnership is significant as it offers greater opportunity to millions of Nigerians in the Diaspora to support their family, friends, colleagues and loved ones by easily and instantaneously replenishing their mobile airtime minutes on the Glo network through Prepay Nation and their partner retailers”, he stated.

About Globacom:
Owned by the Mike Adenuga Group and launched in Nigeria in 2003, Globacom has consistently grown to support over 22 million subscribers on its network in Nigeria and Benin Republic with many more set to come on board in Ghana where it is set to launch soon. Glo has also made history as the first company to single-handedly build an $800 million high-capacity fiber-optic submarine cable, known as Glo-1. It is the first successful submarine cable from the United Kingdom to Nigeria with connections to 12 other African countries and a dedicated extension to the United States. Already, the cable is offering immense bandwidth capabilities to homes and businesses in Nigeria and beyond, radically changing the way that people work and play across the continent.

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

Press & Media Contact:
Fady Sahhar / Sarah Feidt
XtraGlobex, Inc
1800 John F. Kennedy Blvd. Suite 300
Philadelphia, PA 19103
267-238-3820
fady.sahhar@xtraglobex.com / sarah.feidt@xtraglobex.com

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Prepay Nation Announces Partnership with Etisalat Afghanistan

Etisalat to offer international mobile top-up through Prepay Nation’s North American and European retail channels

Philadelphia, PA (USA), Thursday – January 05, 2012 — Prepay Nation ( http://www.prepaynation.com ), one of the fastest growing providers of international airtime transfers for prepaid mobile operators in emerging nations, has announced an alliance with the largest mobile service provider in the Middle East, Etisalat. Through the partnership, individuals living in the US, Canada, and Europe will be able to transfer small currency values to Etisalat Afghanistan customers in the form of airtime minutes, from a diverse array of convenient retail locations.

The partnership will provide the North America- and Europe-based friends, coworkers, and relatives of Etisalat Afghanistan subscribers with access to instant International Mobile Top Up (IMTU) service through Prepay Nation’s retail distribution network. The service provides a vital avenue through which customers can support their colleagues and loved ones in Afghanistan, instantaneously replenishing their mobile airtime minutes from a nearby partner retailer.

“Etisalat Afghanistan is a pioneer in the market, and we are thrilled to be partnering with them,” said Sarah Feidt, Head of Marketing at Prepay Nation. “Our services bring great value to mobile customers and to their colleagues and loved ones abroad, and Etisalat’s mandate to connect and invigorate Afghanistan’s mobile ecosystem fits perfectly with the unique international connectivity we offer.”

“In regions where international currency transfer can be costly, cumbersome, and often impossible, nothing makes more sense than to send instant support in the form of mobile minutes that everyone needs and uses,” Feidt added. “We’re excited to bring that option to individuals connected to Etisalat Afghanistan subscribers.”

One of the largest telecommunications companies in the world, United Arab Emirates-based Etisalat is the leading operator in the Middle East and Africa, servicing over 100 million customers in 18 countries. The company began operations in Afghanistan in August 2007, and is the fastest growing mobile phone company in the nation. Etisalat provides voice and data services in 31 Afghani provinces and 196 districts, with more than 12,000 retail outlets, and has recently signed a deal with the Afghanistan Telecommunications Regulatory Authority to invest in mobile infrastructure development and provide services in 17 rural Districts.

Etisalat has embraced its mission to play an active role in the growth and prosperity of Afghanistan, from both a mobile and a social perspective. They have established a number of community engagement activities, including sponsoring both national and grassroots sports programs, and supporting a variety of health and educational initiatives. Their division staff comprises 90% local Afghans, and they have recently launched their Employee Succession Plan with the intention to train and develop over 400 Afghan nationals into senior management positions.

“This partnership is one more way that we are investing in the rebuilding and development of Afghanistan,” said Ebrahim Ali Al Hashmi, Marketing Director of Etisalat Afghanistan. “Creating opportunities for Afghans is our grounding principle here, as part of the UAE promise of long-term partnership to transform this magnificent country into a modern, peaceful, and prosperous Afghanistan. Linking up with Prepay Nation ( http://www.prepaynation.com ) will allow us to connect with individuals abroad who are eager to support their loved ones here, and in doing so, support the vital growth of the nation’s infrastructure and economy.”

Afghanistan, with over 16.8 million mobile phone subscribers, has 63% mobile connectivity penetration and 80% population coverage. Etisalat Afghanistan’s subscriber base represents over 24% of the market. To learn more about the company, visit http://www.etisalat.af.

About Etisalat:
Etisalat is a comprehensive telecommunications provider offering a one-stop shop for mobile and fixed-line voice and data services to individuals, enterprises and international telecommunications companies, ISPs?, ? content providers and mobile operators. It offers a variety of hi-tech complimentary services to the telecommunications industry including managerial and technical training, SIM card manufacturing, payment solutions, clearing house services, peering, voice and data transit, and submarine and land cable services. Etisalat is also the major hub in the Middle East, for internet, voice, mobile broadband, broadcast, roaming and corporate data services, with an extensive regional and intercontinental network. It is the largest carrier of international voice traffic in the Middle East and Africa and the 12th largest voice carrier in the world. Etisalat has 525 roaming agreements connecting 185 countries enabling BlackBerry, 3G and voice roaming. In 2009 the Etisalat group received seventeen industry awards and including three for innovation and three for customer service. It has been named ‘Best Overall Operator’ in the Middle East six times since 2006 and was named Best International Carrier at the World Communications Awards in 2008. For more information, visit http://www.etisalat.ae

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

Press & Media Contact:
Fady Sahhar / Sarah Feidt
XtraGlobex, Inc.
1800 John F. Kennedy Blvd. Suite 300
Philadelphia, PA 19103
267-238-3820
fady.sahhar@xtraglobex.com / sarah.feidt@xtraglobex.com

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Prepay Nation Announces Partnership with Airtel Nigeria

Airtel to offer international mobile top-up through Prepay Nation’s North American and European retail channels.

Philadelphia, PA (USA), Wednesday – December 14, 2011 — Prepay Nation, one of the fastest growing providers of international airtime transfers for prepaid mobile operators in emerging nations, has announced an alliance with one of Africa’s largest mobile service providers, Airtel Nigeria. Through the partnership, individuals living in the US, Canada, and Europe will be able to transfer small currency values to Airtel Nigeria customers in the form of airtime minutes, from a diverse array of convenient retail locations.

The partnership will provide the significant and growing Nigerian expatriate community in North America and Europe—estimated at over 5 million individuals—as well as those with loved ones living and working abroad in Nigeria, with access to instant International Mobile Top Up (IMTU) service through Prepay Nation’s retail distribution network ( http://www.prepaynation.com ). The service provides a vital avenue through which customers can support their Nigeria-based friends, colleagues, and loved ones, instantaneously replenishing their mobile airtime minutes from a nearby partner retailer.

“We are proud to join forces with Airtel Nigeria,” said Sarah Feidt, Head of Marketing at Prepay Nation. “Our services bring great value to mobile customers, and Airtel Nigeria is exactly the kind of operator whose dedication to their customer base makes us a natural fit. We’re also pleased to serve the Nigerian diaspora, which remits an estimated $20 billion annually; being able to send small amounts to their loved ones instantly in the form of airtime minutes will no doubt be extremely valuable to this supportive demographic.”

Airtel Nigeria is the Nigerian arm of Bharti Airtel Limited, an international global telecommunications company with operations in 19 countries across Asia and Africa and over 200 million customers, 50 million of whom are in Africa. The company offers mobile voice and data services, as well as fixed line, high speed broadband, IPTV, and other enterprise telecom services. In June of 2010, Airtel entered the African market with the purchase of Zain Africa, a leading mobile operator and developer of telecom operations across the continent. Since then, Airtel has enjoyed substantial growth, and has continued to innovate; the company recently announced plans to upgrade 250 of its diesel-powered Nigerian base stations to operate on solar power.

“This partnership is yet another example of our commitment to our Nigerian customers, and our dedication to continual and reliable growth and improvement,” said Deepak Srivastava, ED and COO of Airtel Nigeria. “Our customers rely on us to provide top performance and services that enhance their lives, and making IMTU available through Prepay Nation is one more way that we’re accomplishing that.”

Nigeria, with over 90.5 million mobile phone subscribers, is the largest mobile market in Africa; Airtel Nigeria’s 16 million customers represent over 17% of the market. To learn more about the company, visit http://www.ng.airtel.com.

About Bhati Airtel Limited:
Bharti Airtel Limited is a leading global telecommunications company with operations in 19 countries across Asia and Africa. The company offers 3G voice & data services, fixed line, high speed broadband, IPTV, DTH, turnkey telecom solutions for enterprises and national & international long distance services to carriers globally. In rest of the geographies it offers mobile voice & high speed wireless internet. Bharti Airtel has been ranked among the six best performing technology companies in the world by Business Week. Bharti Airtel had over 238 million customers across its operations at the end of October 2011. For more information, visit http://www.airtel.com

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

Press & Media Contact:
Fady Sahhar or Sarah Feidt
XtraGlobex, Inc
1800 John F. Kennedy Blvd. Suite 300
Philadelphia, PA 19103 USA
267-238-3820
fady.sahhar@xtraglobex.com / sarah.feidt@xtraglobex.com

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