“Between 70 to 90 percent of mobile subscriptions in emerging markets are prepaid. In a time where more people are traveling or moving away from home, there is a greater need to stay connected. Swissclear Global offers travelers and overseas workers the ability to communicate with family and friends wherever they are, with no service charges added on, making lower denomination transactions affordable,”
Headquartered in Singapore, Swissclear Global has a global customer base. “The platform gives consumers in the United States the same ability to transfer airtime to Mexico or Brazil, as a customer in Singapore who would like to gift airtime to India," said Agarwal. “We are very proud to have established our Company in Singapore where we have a ready local customer base and environment that will allow us to compete globally."
In emerging markets alone, sales for prepaid airtime crossed US$460 billion in 2011. Swissclear Global has extended its strategy to address the gap in markets where cash is used for the majority of transactions. It has created an extensive network of agents allowing consumers to walk into a corner-store, and pay cash to recharge their loved ones’ accounts in real-time. In Singapore, Swissclear Global has tied up with AXS and Nets, creating a vast network of kiosk terminals. Plans for other markets such as India, the Middle East and the United States are in the pipeline.
“The benefits of the service to customers are savings on service fees, greater convenience and fast transaction times,” said Agarwal. “Consumers in emerging economies should have access to the same levels of service as more developed markets.”
“Customer security is of paramount importance to us at Swissclear,”
“We are delighted to partner with Swissclear,”
About Swissclear Global Pte Ltd
Swissclear Global provides fast, reliable and secured ways to stay connected with friends and family and pay for digital services. Customers can pay phone bills across 200 mobile carriers in over 70 countries and buy gaming credits for over 1,000 online games and entertainment products such as video-on-demand services. Swissclear Global adds convenience and empowers customers to pay for services by either using cash or credit cards. With over one million retail outlets in five countries, customers can "walk around the corner" to pay for services or transact using their desktop or mobile device. Swissclear Global is headquartered in Singapore with offices in India and the United Arab Emirates. More information can be found at www.swissclearglobal.com.
CyberSource, a wholly-owned subsidiary of Visa Inc. [NYSE: V], is a payment management company. Over 370,000 businesses worldwide use CyberSource (http://www.cybersource.com/
Rice Communications for Swissclear Global Pte Ltd
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