Friday, March 5, 2010

RegaloCard Adds Leading Toy Store Chain To Its Mobile Payments Network In Guatemala

March 4, 2010 Miami, Florida – RegaloCard, www.RegaloCard.com, an innovative mobile payments company that has developed a free and instant replacement to costly money transfer services, continues its expansion in Guatemala announcing today that Jugeton, the leading national toy store, has joined the RegaloCard Mobile Payments Network.


Jugeton is a big box retailer that provides a vast array of toys, video games, bicycles and other items and is the leading toy store in Guatemala. Jugetons national footprint across Guatemala, one of the largest money transfer markets in Latin America with $4.1 Billion sent in 2008 alone, makes for a great fit for RegaloCard product offering. Now when immigrants want to send their family and friends back home toys for birthdays, Christmas, or just as a treat they can use the RegaloCard mobile payments network and avoid costly money transfer fees.


“Jugeton is the Toys R US of Guatemala and is the only big box toy retailer in the country. We continue to see that the best brands in Latin America are joining the RegaloCard mobile payments network, which is leading to the rapid growth we are experiencing in the number of locations in country we serve”, said Gregory Keough Chairman and CEO of RegaloCard. Mr. Keough added, “The fit with RegaloCard is a natural, as Juegton is a great option for Christmas and Birthday gifts and we are sure this Christmas season the clear choice to send the kids back home gifts will be RegaloCard, allowing our clients in the US to instantly send their family gifts without commissions or hidden fees.”


RegaloCard for the first time is empowering the US Hispanic community and allowing them to avoid the hundreds of millions of dollars spent yearly on money transfer fees while controlling how the money they send back home is spent. RegaloCards are available in denominations as small as $10 from the best known retail brands in country allowing consumers to choose from brands they know, love, and have grown up with in their home country. RegaloCard currently operates its free and instant replacement to money transfer services in El Salvador and Guatemala, two of the largest money transfer markets in Latin America, with $8B billion a year in money transfers, and is expanding rapidly to additional countries.


About RegaloCard: RegaloCard, www.RegaloCard.com, is an innovative mobile payments company that has developed a free and instant alternative to costly money transfer services. RegaloCard uses a proprietary mobile payment technology to allow immigrant groups to instantly send their relatives back home what they need absolutely free. RegaloCard is a prepaid gift card that immigrants can buy in the United States, but is delivered instantly to the person chosen in the immigrant’s home country, to make purchases at leading local retailers. The RegaloCard service works with any mobile phone and carrier worldwide and is the best way for immigrants to send their families the things they need. While initially focusing on the US Hispanic market, RegaloCard plans to expand the service to other regions that have a high level of immigrants residing in the US. For more information visit www.RegaloCard.com

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