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
