NEWPORT BEACH, Calif., Jan 24, 2012 (BUSINESS WIRE) — PrepaYd Wireless, Inc., a wholly owned subsidiary of PrepaYd, Inc. (pink sheets:PPDC), a Nationwide Wireless Service Provider, announced today it has entered a Service Agreement with Emida Technologies, in which Emida will be distributing PrepaYd Wireless’ products and services through its US distribution channel. Emida’s transaction software provides Carriers, like PrepaYd Wireless, with a fully automated method of dispensing prepaid products and services and provides PrepaYd Wireless with access to Emida’s expansive network of distribution partners representing thousands of points of distribution.
Emida is a leader in the global prepayment and value transfer market, operating in 36 countries throughout North, Central and South America, the extended Caribbean, Africa, Oceania, the Middle East and Europe. Emida supports a network of more than 46,000 retail points with an annualized dollar payment volume in excess of $1.4 billion, processing more than 180 million annualized payment transactions. PrepaYd Wireless operates only in the United States and intends to use Emida’s vast United States presence.
“Emida offers a robust payment network which is a great fit for PrepaYd Wireless as their technology is a great solution for our customers to establish service and top up their phones. Emida also gives PrepaYd Wireless accessibility to thousands of potential PrepaYd retail locations that can be used to market, promote and to establish PrepaYd Wireless Service. We believe as we roll out our products and services through their distribution partners we will be bringing Emida new distribution partners as well which is a real win-win deal,” stated Josh Berman, Vice President and Founder of PrepaYd Wireless.
“The PrepaYd Wireless product will be a great addition to our existing suite of prepaid products and services,” said Ron Kraft, VP/GM North America at Emida. We are certain that the deployment and implementation plans of PrepaYd Wireless will fit very well with Emida’s existing distribution strategy and will also be well received by new partners.”
Emida is a leader in the global prepayment and value transfer market, operating in 37 countries throughout North, Central and South America, the extended Caribbean, Africa, Oceania, the Middle East and Europe. We support a network of more than 54,000 retail points with an annual dollar payment volume in excess of $1.5B, processing more than 240 million annual payment transactions.
Our network technology enables the domestic and international distribution and value transfer of many types of prepaid products and payment services. Our strategy is to build profitable, robust distribution networks for many prepaid products in targeted operating geographies, and to introduce unique cross border value products between regions. Our payment processing platform provides robust revenue solutions for distributors, ISOs, retailers, carriers and service providers alike.