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SelectCore Partners With RegaloCard
To Offer Free, Instant Mobile Payment Service
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TORONTO, ONTARIO (June 15, 2010) SelectCore Ltd. (TSX VENTURE:SCG), a provider of prepaid telecom and financial solutions for the credit challenged and unbanked consumer market, has entered into a distribution partnership with RegaloCard, a global mobile payments company that has developed a free and instant replacement to money transfer services.
RegaloCard, through its mobile payments platform and business model, says it has created a new product category: the "micro money transfer." RegaloCard allows consumers to send free and instant transfers of as little as $10, directed to specific uses. RegaloCard says this service works with any mobile phone and carrier worldwide and is as easy to use as a prepaid calling card.
SelectCore plans to offer RegaloCard to thousands of its retail partners in both Canada and the United States. Ryan Deslippe, President of SelectCore said, "RegaloCard fits well into our distribution model because our retailers are looking for a simple, over-the-counter solution to offer their customers a faster and easier way to send money back home."
RegaloCard is as easy to sell as a prepaid phone card, which, they say opens up the market to thousands of retailers that do not offer a money transfer service today.
Gregory Keough, Chairman and CEO of RegaloCard, stated, "There is certainly a demand for our product among Canadian consumers and we are happy to be partnering with SelectCore who is a recognized leader in the prepaid industry. SelectCore's rapid growth in the US will also add several thousand points of sale to the RegaloCard distribution network by the end of 2010 which makes this partnership even more exciting."
Source: RegaloCard (www.regalocard.com); SelectCore (www.selectcore.com)
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