Flash News Release

Prepay Nation Announces Partnership with Globacom in Nigeria

Press release   •   Mar 31, 2012 15:54 IST

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
http://www.xtraglobex.com
http://www.prepaynation.com