iSend Passes Milestones

iSend Passes Milestones on Way to Global Coverage in Cross-Border Electronic Payment Services

Middlebury, CT (October 26, 2011) – iSend, a leading U.S. electronic payment service for people who support family members in other countries, announced today the completion of several major milestones toward its goal of achieving global coverage for its services, which today include mobile phone top-up, cross-border bill payment and cross-border gift cards. Those milestones include:

• Service delivery throughout the developing world. iSend now has direct relationships with predominant mobile carriers, bill payment processors, and retail chains throughout the Americas, the Caribbean, Africa, Europe, Middle East and Asia, including the Indian subcontinent. iSend’s ever-expanding service-delivery footprint means greater convenience for those who initiate cross-border payments.

• Service origination in over 100,000 retail outlets. iSend mobile top-ups, bill payments and gift card procurement can now be arranged in over 100,000 retail outlets throughout the U.S., Canada and the UK, including convenience stores, supermarkets, check cashers and additional retail businesses.
• Aryty free trials in 24 countries. iSend’s online mobile top-up service, aryty.com, now offers potential customers the opportunity to try before buying with free call-minute loads that can be delivered to family members and friends in 24 countries.

“Even in a down economy, the number of people in developed countries who need to support family members and friends in developing countries continues to grow, and electronic payments has become their preferred method of providing financial assistance,” said Steve LaBella, president and CEO of iSend. “Thanks to the support of our investors, the global business community and our first-rate executive team, iSend is poised to capture an increasing share of this fast-growing market by adding more partners in more developing counties, more retail outlets at home and more payment services on our way to global coverage.”