IPsmarx and Prepay Nation Empower Service Providers to Generate Revenue in Multibillion Dollar Mobile Top Up Market

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Interoperability between industry leaders extends service providers’ reach to over 50 countries in multibillion mobile money and airtime remittance market

IPsmarx Technology Inc., leading provider of prepaid and postpaid VoIP solutions for service providers, and leading airtime remittance provider Prepay Nation today announced the interoperability of the IPsmarx International Mobile Up platform with Prepay Nation’s service. Service providers using the IPsmarx Mobile International Top Up Solution can now make use of Prepay Nation’s extensive distributor and mobile operator network, which is comprised of 40 mobile operator partnerships in over 50 countries with over 150 000 retail points of sale.

The interoperability of the IPsmarx International Mobile Top Up solution and Prepay Nation’s cost-effective and reliable airtime remittance network extends the reach of IPsmarx clients in the growing mobile money market, which is projected to reach $278.9 billion by 2018, according to the research and consulting firm MarketsandMarkets.

Airtime remittance refers to the ability of end users to purchase airtime from mobile operators in other countries, which can then be used by their contacts in those countries. Typically, the sender of mobile airtime lives in a developed country and the recipient lives in a developing country. This means that while purchasing airtime is cost-effective for the sender, it is disproportionately valuable for the recipient due to the difference in purchasing power between the two. Moreover, mobile airtime is often used as currency in many countries. Considering that 2.5 billion people lack access to financial services yet 1.7 billion of these people have a mobile phone, airtime remittance is a highly relevant and useful form of remittance for millions of migrants and guest workers across the globe—and, therefore, a promising revenue opportunity for service providers.

Since 2001, IPsmarx has been equipping service providers with the solutions they need to earn revenue in competitive markets. The IPsmarx International Mobile Top solution allows end users to register and make payments in a number of ways: online; over the phone through the IVR (interactive voice response) system; and in retail locations through resellers and agents. Since many customers have reliable access to only one means of registration and payment, the flexibility of the IPsmarx International Mobile Top Up system enables providers to attract and retain more customers than they otherwise could, were they limited to a single payment and registration method.

The International Mobile Top Up solution integrates with the award-winning IPsmarx Class 5 Softswitch, enabling providers to deliver and manage multiple services, such as VoIP, from a single turnkey platform. With integrated billing and an intuitive user interface, the solution gives providers the precision, intelligence and control they need to effectively manage their business.

“The airtime remittance market is a promising avenue for our clients and service providers in general,” says IPsmarx CEO Arash Vahidnia, “Hundreds of millions of people need a cost-effective, reliable means of international remittance and our partnership with Prepay Nation will further empower our clients to deliver these services; and generate revenue by doing so.”

About IPsmarx

Established in 2001, IPsmarx has proven itself a leader in telecom and communications technology, equipping service providers in 75 countries with the solutions they need to fulfill their missions, adapt to an evolving market and drive new revenue streams. IPsmarx systems make use of mature technology integrated with the latest innovations to provide competitive consumer and business oriented solutions; these include the IPsmarx Class 5 Softswitch, Multi-Tenant IP-PBX and Breeze Mobile VoIP Application. With over a decade of experience deploying more than 1000 systems for a wide range of applications and companies—from international hospitality brands to tier 1 telecom operators— the IPsmarx team is expert at adapting these solutions to the client’s needs and opportunities. For more information, visit http://www.ipsmarx.com/go/mobile-top-up.html.

About Prepay Nation

Prepay Nation is a fast growth company in the business of enabling micropayments from one person to another across international borders. Prepay Nation utilizes the prepaid mobile ecosystem to transfer values in the form of international airtime remittance. With mobile operator partnerships in Central America, South America, Caribbean, Asia, and Africa, and a varied distribution channel spanning the US, Canada, and Middle East, Prepay Nation offers its innovative services to expatriates who financially support their loved ones back home. Prepay Nation’s unique business model, highly scalable processing platform, and interconnectivity with mobile operators, allows for instantaneous and no-fee transfers for the consumers and an opportunity to generate significant revenues for the distributors. For more information, visit http://www.prepaynation.com.

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Fernando Alfaro
IPsmarx Technology Inc.
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