November 14, 2012

Mobile Payments Pioneer Carol Realini Joins Prepay Nation Board to Assist in Expansion

Realini will position Prepay Nation for next level of growth

PHILADELPHIA, November 14, 2012—Prepay Nation, one of the fastest growing providers of international airtime transfers for prepaid mobile operators in emerging nations, has announced that Silicon Valley serial entrepreneur and mobile payments pioneer Carol Realini has joined their board. The addition of Realini to Prepay Nation’s board adds significant value to the firm, as Realini will contribute to the company’s business strategy and help take Prepay Nation to the next level in growth and maturation.

Realini’s background will enable Prepay Nation to best target the diaspora populations and grow the network’s presence on six continents. By bringing her expertise to their board, Prepay Nation will further their success as an international mobile Top Up (IMTU), and offer other innovative services to the same customer base.

“We are thrilled to have Realini, a pioneer in mobile payments, join our board,” said Anurag Jain, CEO of Prepay Nation. “Adding a senior executive like Realini will allow Prepay Nation to build momentum toward faster growth and expansion.”

“I am happy to join Prepay Nation’s board and aid them in expanding and maturing the business,” said Realini. “I got to know Prepay Nation a few years ago when they were just getting started. They have done an incredible job of building momentum and, unlike the typical Silicon Valley company and their competitors, they build this without any outside capital–just a small dedicated team committed to a simple great idea.”

Realini is a successful Silicon Valley executive, expert in financial service innovation, and globally recognized mobile payment pioneer. She has worked with leading financial and mobile network operators to change the way banking is conducted. In 2011, as a Technology Pioneer attending the World Economic Forum, she led discussions on alternative banking at their meeting in Davos. A serial entrepreneur, she has been recognized as one of the 50 Top Women in Technology by Corporate Board Member magazine.

Realini views international mobile Top Up as growing in popularity and the first of a new type of cross boarder transfer. International Mobile Top Up isn’t really replacing money transfers, but it is adding a new dimension to supporting the people back home. It is the best example of a new, no fee, small transfer to loved ones back home–and it touches many people’s lives. Unlike traditional money transfer which is one-to-one, likely once a month, international Top Up is one–to–many for friends and family. It is the first scaled example of “directed spend” and gifting which is an exciting new category of social cross border transfers.

Financial services innovation becomes a reality when service providers address an important pain point and consumers can easily adopt this new way of doing things. Realini saw the role mobile Top Up played around the world to drive the adoption of mobile banking. She is fond of saying, “People underestimate the importance of Top Up.”