FOOTHILL RANCH, California, April 12, 2010 (Business Wire) – Emida, a leader in global prepayment and value transfer, has announced it processed more than 1 million prepaid wireless direct top-up transactions in Papua New Guinea (PNG) in February 2010 for contractual partner, Oceanic Communications Limited (OCL).

OCL is a master distributor for Digicel in the Pacific and was formed in 2007 as a joint venture with Facey Commodity Co. Ltd group. Emida processed the first transaction for OCL in PNG on 14 December 2008 so the ‘1m monthly transaction’ landmark has been achieved 14 months after starting direct top-up service in the country. Patrick Neill, Regional Electronic Distribution Manager for OCL said “Emida has surpassed and continues to surpass our expectations. We are delighted with these results and expect overall performance to end well above 1.5m transactions in April 2010”.

Emida’s CEO, Dennis Andrews added “OCL’s engagement and drive on several projects in recent months has been first-class. We learn from OCL and they learn from us – it is truly a great partnership.”

About Emida

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’s POSA network technology enables the domestic and international distribution and value transfer of many types of prepaid products and payment services including prepaid wireless, prepaid long distance, direct top-up, stored value cards, bill payment, mobile wallet services and more. The Emida network includes more than 44,000 retail points with an annual dollar payment volume in excess of $1.2B, processing more than 140 million annual payment transactions.
For more information, please visit www.emida.net or email info@emida.net.

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Media Contact: Martyn Fricker, Emida; +1 949-860-3522; mfricker@emida.net