PrepaYd Wireless Teams up with Emida and Enters Prepaid Distribution Agreement
Prepayd (PN) (USOTC:PPDC)
Today : Tuesday 24 January 2012
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.”
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