CIT VERICASH & Prepay Nation Seal a Global Strategic Alliance
A strategic partnership that extends financial inclusion across 3 continents.
Toronto, Cairo, Pennsylvania May 20th, 2021
VERICASH, is an Innovative Platform to Drive Digital Transformation of Financial Services in emerging markets, Prepay Nation, a global leader in mobile and data recharge and prepaid solutions have just recently struck a strategic partnership agreement. The partnership enriches VERICASH’s expansion and enables tapping into the key markets beyond its native African & Middle East region empowering its customers to access a variety of cross-border financial services to Europe, the U.K., and the U.S. enabling diaspora population’s access to their home countries.
“We are excited for this strategic partnership with Prepay Nation which will truly create a win-win relationship where we would provide diaspora populations across the U.S.& Europe, financial access to their loved ones and families back home in Africa & the Middle East.” says Ashraf Zaki, Chairman & CEO of VERICASH.
Prepay Nation is a global leader in the new digital lifestyle enabling millions of people around the world to stay connected at home and away.
The partnership benefits the mobile network operators by helping them leverage the extensive VERICASH ecosystem, spread across Africa and the Middle East.
“We see this partnership as a pivotal expansion of our services to access and support key African & Middle East markets, enriching the broad portfolio of value added services such as productized remittances, cross-border e-gift cards, credit for education, health and agriculture, as well as cross-border device financing and insurance products to millions of customers in the region,” Says Réka Bors, Vice President for the EMEA Region at Prepay Nation.
Prepay Nation helps in connecting brands to distributors and resellers by enabling the African Diaspora in the US, Canada and Europe to prepay for gift cards and have them digitally delivered locally in Africa and the Middle East.
CIT VERICASH is a division of CIT GLOBAL, an international leading provider of innovative eCommerce and mCommerce software solutions and services with solid expertise spanning 25 years, since its establishment in Toronto, Canada in 1993. By applying CIT Global’s dedicated centers of excellence and its specialized leading products, in cooperation with its strategic partners, the company has delivered innovative and award-winning solutions to its clients in more than 48 countries, serving leading brands from North America, Europe, Asia Pacific, the Middle East, and Africa.
Prepay Nation (PPN) is a global leader in airtime and data cross-border recharge and value transfers, with over 400 Mobile Network Operator (MNO) partnerships around the world, serving 4 Billion+ mobile subscribers through a B2B and B2B2C Value Top Up Marketplace and Technology Hub, giving consumers peace of mind by enabling them to stay connected at home and away, simply by charging and recharging their prepaid/pay-as-you-go mobile and IoT accounts through its omnichannel platform, providing ubiquitous access to these essential services through a wide distribution network of 250,000+ locations in 125+ countries, and a variety of online, branded and bespoke applications for MNO’s, FI’s, NGO’s, Corporates, Distributors and Strategic Partners, helping to generate increased foot traffic, higher site visits, more transactions, incremental revenue, and stronger customer loyalty.