Flash News Release

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

Press Release   •   Oct 10, 2012 12:21 IST

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
1800 John F. Kennedy Blvd. Suite 300
Philadelphia, PA 19103 - USA