Press Releases
28th March 2008
SNAP Card and MOL AccessPortal sign deal for payment services to Online Games
London (March 28, 2008) TeleGlobal Ltd., the issuer of the prepaid SNAP Card andan international e-commerce company, MOL AccessPortal (MOL), announced today that they have signed a deal enabling MOL to accept the SNAP payment system on the MOL Global portal. Merchant clients who have engaged MOL to providealternate payment options to their customers will now automatically gain the benefitof SNAP’s broad popularity.
SNAP is one of the fastest growing prepaid cards for purchasing products andservices online in the UK. MOL consumers will find that it is literally a “SNAP” to startusing this new payment method.
With online retail spending set to exceed £30 billion in the UK this year, MOLensures the merchants that no consumer ever walks away from a sale simply becausethey don’t have an accessible way to pay. SNAP’s prepaid Internet shopping cardspans the gap between cash customers and Internet merchants.
MOL is continuously expanding its distribution networks for MOLePoints, an online micropayment system for contents and services with over 100,000 physical and virtual payment channels across 39 countries worldwide. MOLePoints enables consumers to perform online transactions without credit cards and provides a whole new experience of purchasing products and services online. MOLePoints is also the payment system for MOL’s GamesHive portal that has a suite of over 80 Massively Multiplayer Online Role Playing Games (MMORPG) available through www.gameshive.com.
Erik Holst-Roness, CEO of SNAP Card said in a statement today, “Our relationship with MOL is a win for everyone involved. This will be a great benefit for all SNAP Cardholders who can now shop at even more websites without the need to use a credit or debit card or worry about transmitting sensitive information over the Internet”
“And during the course of 2008, SNAP Cards will become available in countries outside of the UK as well,” Holst-Roness added.
Ganesh Kumar Bangah, Chief Executive Officer of MOL said, “The Global market is a huge and an untapped market for MOL. A research by DFC Intelligence expects the global online games market to be worth USD13 Billion by 2011. We realize that there is a good growth potential in this market and we believe that the launch of MOLePoints with Teleglobal’s SNAP card will not only allow us to tap a significant percentage of this market, but will also grow the online gaming industry and our other products and services globally. We are also confident that our market share will increase substantially with the synergy of this tie-up.”
Existing MOL merchant clients automatically gain the benefit of SNAP without having to revisit their integration or modify any other business processes.
END
About MOL AccessPortal BerhadMOL AccessPortal Berhad is a MSC Malaysia Status Company that operates and develops payment systems that leverages on a network of 100,000 physical and virtual payment channels across 39 countries worldwide. The company’s key products include MOLePoints; an online micropayment system for contents and services, MOLeTopUp; an electronic prepaid distribution infrastructure, MOL Freedom; a multi-application Prepaid MasterCard and GamesHive; an online game payment aggregator with a suite of over 80 online games. The Company was recognized as one of Asia Pacific’s fastest growing technology companies in the Deloitte Technology Fast500 Asia Pacific Awards in 2005 and 2006 and has won a Merit Award for the Best of E-Commerce Applications in the MSC Asia Pacific ICT Awards.
For more information please visit http://www.mol.com
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About SNAPSNAP is the prepaid card that lets you shop online privately, securely and easily. No forms to fill out, no registration, no credit checks. Anyone can obtain a PIN protected SNAP Card for free and top it up with cash at over 20,000 locations in the UK, including Post Offices, and use it to pay online or transfer money. By accepting SNAP, Online Merchants can increase sales by attracting cash consumers who do not have a credit or debit card or are unwilling to use them online.
SNAP is a product of TeleGlobal and is certified by the Financial Services Authority.The Company has offices in London and Geneva.
More information about SNAP can be found at: http://www.snapcard.com
6th July 2007
Reliance India Call partners with SNAP for Prepaid Card Services
Free talk time to India offer for first 1,500 customersReliance India Call, the Global Calling Card brand of India’s largest integrated telecom service provider Reliance Communications, has teamed up with SNAP prepaid cards to enable their customers, who do not have a credit or debit card, to pay for services online.
“Consistently delivering on superior customer benefits and value has enabled Reliance India Call to build an active and loyal base of over 1.2 Million Global customers”, said Mr. V.K. Aggarwal, President, Global Business – Reliance Communications. “This tie-up with SNAP would enhance convenience to our existing customers, as well as enable new customers who do not own a bankcard, or those who do not want to use a bankcard online, to enjoy all the benefits of online commerce – including topping up their Reliance India Call prepaid accounts in order to make high quality, value for money, international phone calls”.
To mark the launch of their new partnership, Reliance India Call and SNAP are offering 30 minutes of free additional talk time to India to the first 1,500 customers who use their SNAP Card to register with Reliance India Call / Reliance Global Call’s prepaid plan, or those who top-up their existing accounts.
“Until recently, only those with credit or debit cards could take advantage of the savings and convenience of online commerce,” said SNAP chief executive Erik Holst-Roness. “But now, with SNAP, everyone can join in, regardless of age or credit status. And our new partnership with Reliance India Call extends those benefits to anyone making international phone calls.”
SNAP Cards are available for free at thousands of newsagents and other locations, across the UK and can be topped up at more than 20,000 outlets, including Post Offices. No registration is required. And there are no charges for using SNAP – no monthly payments, no transaction charges, no “topping up” fees. SNAP is like using cash – but safer.
The new partnership between Reliance India Call and SNAP will be officially launched today at the Reliance India Call Asian Lifestyle Show 2007, the annual celebration of British Asian culture and entertainment that is being held at the Olympia Exhibition Centre in London (July 6-8).
Visitors to the three day spectacle of food, fashion, music and entertainment will be able to pick up a free, specially-branded Reliance India Call SNAP Card that can be used just like any other SNAP Card to buy goods and services online.
Offer detailsFor terms and conditions, please visit: http://www.snapcard.com/en_gb/offers/relianceIndia.html
About SNAPThe SNAP payment platform and technology were developed by TeleGlobal, a private limited company with offices in London and Geneva. SNAP is an e-money product issued under authorisation from the Financial Services Authority.
For more information about SNAP, and how to make the most of your SNAP Card, please visit www.snapcard.com
About Reliance India Call
Reliance India Call/Reliance Global Call is marketed by Reliance Communications (U.K.) Ltd., an affiliate of Reliance Communications Ltd., India’s largest integrated telecom company. Reliance Communications, a Fortune 500 company, ranks among Asia’s 6 Topmost valuable telecom companies serving over 34 million customers.
For more information about Reliance India Call / Reliance Global Call, please visit www.relianceindiacall.com
Press contact
For News Media enquiries, please contact Jeff Kaye on 07740 145 943 or email jeff.kaye@snapcard.com
For News Media enquiries, please contact Gaurav Wahi on +91 93229 04680 or email gaurav.wahi@relianceada.com
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15th May, 2006
SNAP agreement with e-pay enables millions of shoppers to buy online for the first time
London - SNAP, the prepaid Internet payment card, announced today that it has signed an agreement with e-pay, the largest electronic payments processor of prepaid mobile airtime top-up services in the U.K. to make free SNAP cards and easy top-up services available at thousands of locations across the UK where e-pay terminals are installed.
SNAP cards, which are topped up like prepaid mobile phone cards, now make it possible for all consumers to enjoy the advantages of shopping online - even those who do not have a credit or debit card, or do not want to use their credit card on the Internet. SNAP cards are distributed for free and users do not have to register.
SNAP’s new agreement with e-pay, the global leader in prepaid mobile airtime top-up services, means that SNAP cards can be topped up on e-pay terminals in thousands of retail outlets and other locations across the country. Participating retail outlets with e-pay terminals will also hand out free SNAP cards to anyone who requests one. e-pay currently provides top-up services for Vodafone, O2, Orange, T-Mobile, Three Network and Virgin Mobile, among others.
Research shows that half of all consumers do not shop online because they cannot, or will not, use credit cards. With online retail spending already set to reach £26 billion in the UK this year, and "digital inclusion" one of the most important issues of the Internet age, the arrival of SNAP’s prepaid Internet shopping card is expected to have an explosive effect on the Internet retail industry.
"The beauty of SNAP is that everybody wins," said Erik Holst-Roness, Chief Executive of TeleGlobal, which developed SNAP. "The kind of people who will benefit range from kids who want to download music and games, to the thousands of families without credit cards, to people who don’t want to put their credit details on the Internet or those who just want to make their online purchases private."
He added, "And of course it’s also a big benefit for online merchants who can now connect with an entirely new group of consumers without the fear of fraud or charge backs. SNAP cards will do for online shopping what prepaid phone cards did for the mobile phone industry."
The agreement with e-pay follows another agreement announced last week between SNAP and securetrading, the UK’s top independent Internet payment service provider. Under terms of that deal, thousands of online retailers already using securetrading’s services will now be offered SNAP alongside credit and debit cards.
"We are delighted to be partnering with e-pay and securetrading," said TeleGlobal chief Holst-Roness. "With these agreements now in place, we have made it possible for everyone, no matter what their age or credit circumstances, to enjoy the benefits of online shopping."
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9th May, 2006
SNAP partnership with securetrading brings cash consumers to online retailers
London - SNAP, the prepaid Internet payment card, is enabling online retailers to increase sales by tapping into the hard to reach market of consumers who cannot, or will not, use a credit or debit card on the web.
SNAP, which today announces an agreement with payment service provider securetrading, is expanding the boundaries of online shopping with its system of free cards and widely-available top-up points.
For consumers who do not have a credit card, or do not want to use their card online, SNAP now makes it possible to enjoy all the advantages of online shopping.
"The beauty of SNAP is that everybody wins," said Erik Holst-Roness, Chief Executive of TeleGlobal, which developed SNAP. "The kind of people who will benefit range from kids who want to download music and games, to the thousands of families without credit cards, to people who don’t want to put their credit details on the Internet or those who just want to make their online purchases private."
He added, "And of course it’s also a big benefit for online merchants who can now connect with an entirely new group of consumers without the fear of fraud or charge backs. SNAP Cards will do for online shopping what prepaid phone cards did for the mobile phone industry."
SNAP Cards are as easy to use as mobile phone top-up cards. To load up their free SNAP Card, users simply enter a shop displaying the SNAP logo and tell the assistant how much money they want to load onto their card. Then they hand the card and money over to the assistant, who will swipe the card through the payment terminal. Cardholders are immediately ready to start shopping - no registration is required.
Once online, SNAP Cardholders can start shopping on any website that displays the bright blue SNAP logo. To make a purchase, users simply go to the website’s payment page, type in the SNAP Code shown on their card and their secret, personal PIN. That’s it. The amount of the purchase is then deducted from the balance on the card.
It is quick and easy for online retailers to start accepting SNAP and thanks to a partnership with securetrading, the UK's leading independent Internet payment service provider, thousands of inline retailers already using securetrading’s services will now be offerred SNAP alongside credit and debit cards.
SNAP Cards feature a wide range of additional benefits for both consumers and merchants.
Cardholders can use their SNAP cards to transfer money to each other by logging into the MySNAP section of www.snapcard.com. And merchants can take advantage of built-in marketing services like Card Branding and Special Offer Coupons.
SNAP cards are currently being offered only in the UK, but will be rolled out across Europe and then elsewhere around the world.