Emida Expands Hispanic Prepaid Electronic Network To Colombia
MIAMI, FL December 14, 2004 – EMIDA Technologies (www.emida.net), a Miami-based provider of a growing electronic transactional network for prepaid services, money transfer and stored value card processing for the Global Hispanic market and Electronic Payment Networks S.A. announced the launching of the PUNTOflex Network in Colombia.
David Brillembourg, CEO of EMIDA said, “We are very pleased to establish this partnership with Electronic Payment Networks in a country that represents the third largest market in remittances in Latin America exceeding US$3.1 billion in 2003, with great potential for prepaid services and other electronic transactions.”
The PUNTOflex Network, a transactional network for the unbanked Global Hispanic market, is being deployed in 15 countries, targeting the estimated 250 million Hispanics and Latin Americans.
“We are in negotiations with major retailers, financial institutions and acquiring networks which are very interested in offering electronic distribution of prepaid services and other types of electronic transactions at their points of sales”, explained Guillermo Gomez Lozano, President of Electronic Payment Networks.
The company is also deploying a local proprietary POS network. EMIDA’s multi-product technology platform, EmidaNET and the PUNTOflex Network offers important opportunities for retailers, banks, telcos and money transfer companies looking to become a distribution center for prepaid services and lottery, to capture funds from remittances and to process prepaid stored value cards.
About Emida Technologies
EMIDA Technologies enables electronic prepaid service distribution, money transfer and prepaid stored value card processing targeting the Global Hispanic market. The company’s PUNTOflex network, utilizing Emida’s proprietary transactional platform, is being deployed in 15 countries including Mexico, U.S., Dominican Republic, Spain, Guatemala, Peru, Ecuador, El Salvador, Colombia and Aruba.
For more information visit www.emida.net
About Electronic Payment Networks, S.A.
Electronic Payment Networks, S.A. is EMIDA’s local partner managing and operating the PUNTOflex Network in Colombia which enables electronic prepaid service distribution, money transfer, and stored value card processing.