Emida Announces Affiliation with Recarga Veloz

FOOTHILL RANCH, California, September 14, 2010 (Business Wire) – Emida, a leader in the global prepayment and value transfer market, announced today it had joined forces with Recarga Veloz S.A., a leading prepaid mobile distributor in Honduras.

“Today, Recarga Veloz forms a new and exciting part of Emida.  It’s already a major distributor in Honduras but it also supports growing cross-border traffic from the USA and is expanding into other Central American countries.  This transaction fits well with our strategy of identifying and partnering with the best in key geographies,” stated Dennis Andrews, Emida’s CEO.

“We are excited to become part of the Emida family,” said Agustin Torres McDonough, Director at Recarga Veloz. “Emida has global presence and a strong reputation with carriers and distributors in our region. This is what we needed to take our successful business to the next level.”

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, Asia, 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 46,000 retail points with an annualized dollar payment volume of $1.4B, processing more than 180 million annualized payment transactions. For more information, please visitwww.emida.net, www.emidaespanol.net, www.emidaasia.com or email info@emida.net.



Martyn Fricker


949-699-1401 x 1322


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