How they describe themselves: Established in 1996, the Emida network provides a POSA backbone throughout North America, Latin America, the extended Caribbean, Africa, Oceania and other regions of the world. The network allows carriers, service providers, distributors, ISOs, merchants and retailers to offer a wide range of prepaid products including wireless, long distance, stored value cards, bill payment, lottery and Cash and Transact™, all delivered over industry standard POS terminals, web-based applications and mobile devices. Our relationships with product providers in 37 countries help grow our distribution portfolio, enhance value to our customers and consumers, and lock in customer loyalty, thereby ensuring the value of the network.
How they describe their product/innovation: Cash and Transact™ allows consumers to apply cash to their virtual mobile account without requiring an existing bank account or credit card collateral. Account holders can load value to their Cash and Transact™ account and then transfer cash or pay for goods and services with anyone, anytime, from anywhere. The Cash and Transact™ vision is to create a borderless community connected by transactions via the Cash and Transact™ mobile wallet.
Cash and Transact™ is an ideal cash alternative for just about anyone, but especially for unbanked subscribers. There are no credit checks, and the system is much safer than carrying cash in many parts of the world. Cash and Transact™ is as convenient as cash – users can pay bills, buy groceries, transfer money to family and friends in remote locations and much more – all from their mobile handset.
Bus. Dev.: Patrick Neill, VP International Business Development, firstname.lastname@example.org,
Press: Lisbeth Cabrera, Marketing, email@example.com, (949) 860-3599
Sales: Ron Kraft, VP & GM North America, (949) 860-3534