KUWAIT, Feb 9, 2012 – Zain, the leading telecommunications company in Kuwait, has teamed up with Tranglo to provide an innovative international airtime transfer service to its subscribers.

Through the service, Zain in Kuwait are now able to transfer their airtime credit to their friends or family using operators in many countries such as Indonesia, Philippines, India, Yemen, Egypt and Pakistan. The user-friendly service can be easily accessed by subscriber by sending SMS “TR” to shortcode 94009.

“We are delighted to partner with Zain to extend our service to their subscriber base," says HY Sia, CEO of Tranglo. "Communication is so important when you are apart from your loved ones and this service is particularly useful for migrant workers who want to allow their friends and families in their home countries to regularly keep in touch with them," he adds.

 About Zain Group

Zain is a leading telecommunications operator across the Middle East providing mobile voice and data services to over 41.4 million active customers as of 30 September 2011. With a commercial presence in 7 countries, Zain operates in the following countries: Bahrain, Iraq, Jordan, Kuwait, Saudi Arabia, Sudan and is currently rolling out its network in South Sudan. In Lebanon, the company manages ‘mtc-touch’ on behalf of the government. In Morocco, Zain has a 15.5% stake in Wana Telecom, now branded ‘INWI’, through a joint venture. Zain is listed on the Kuwait Stock Exchange (stock ticker: ZAIN). For more, please email info@zain.com or visit:

www.zain.com

www.facebook.com/zain

www.twitter.com/zain

www.youtube.com/zain

For more on Zain Kuwait:

www.kw.zain.com

www.facebook.com/q8zain

www.twitter.com/zainkuwait

About Tranglo

Tranglo is a leading international mobile financial transactions hub operator that enables cross-border airtime exchange, money transfer and bill payment via its award-winning innovative solutions gloTransfer and gloRemit. Tranglo works with prominent mobile operators and financial institutions, vendors/resellers/distributors, remittance service providers across the globe through its local offices in Netherlands, Lebanon, Malaysia and United States. For more info on Tranglo, please visit www.tranglo.com or www.facebook.com/tranglo.

Tranglo operates gloTransfer, gloReload and gloRemit, an international mobile airtime credit and electronic money remittance hub. This service enables migrants to effectively and affordably transfer funds internationally.

HomeSend is a strategic business partnership between BICS and eServGlobal, allowing the real-time transfer of any type of funds, and from various fund sources, such as eWallets, bank accounts, credit cards and cash.

Frédéric Schepens, SVP Mobile Financial Services at BICS said “We are delighted to work with Tranglo and to leverage their unusual role as both a sending as well as receiving partner in Asia. In turn Tranglo benefits from HomeSend’s growing ecosystem globally.’’

Sia Hui Yong, Tranglo’s CEO said “We are very excited and pleased with the cooperation with BICS. Through this smart partnership, both BICS and Tranglo will be able to synergize our strength to provide the widest coverage and most cost-effective transactions for our global partners.”

About Tranglo

Tranglo is a leading international mobile financial transactions hub operator that enables cross-border airtime exchange, money transfer and bill payment via its award-winning innovative solutions gloTransfer and gloRemit. Tranglo works with prominent mobile operators and financial institutions, vendors/resellers/distributors, remittance service providers across the globe. Tranglo currently has local offices in Netherlands, Lebanon, Malaysia and Indonesia, and representative offices in United States, Australia, UAE and United Kingdom. For more info on Tranglo, please visit www.tranglo.com.

About BICS

BICS delivers best in class global solutions for Voice, Messaging, Roaming, Connectivity and Mobile Financial Services to hundreds of telecommunication providers around the world. With our passionate and creative teams located in Brussels, Bern, Monaco, Dubai, Singapore and New York, we continuously strive to provide our customers with the highest levels of quality, reliability and interoperability that enable them to maximise end-user value. Our innovative approach is visible through our place at the forefront of the market consolidation and technology advancement. We are a joint venture of Belgacom, Swisscom and MTN, and have rolled out transformative Next Generation Networks (NGN). This together with our continued focus on Value Added Services for Mobile Operators and our growth strategy has enabled us to reach a world-leading position both on the International Voice and Mobile Data markets.

For more information, please visit: www.bics.com.

BICS

Cathérine Bals, Director Marketing & Communications

catherine.bals@bics.com

+32 473 92 28 10

Tranglo

Jonathan Lee, Business Development Manager, Remittance

jonathan.lee@tranglo.com

+603 2241 4188

With the service, Tranglo’s extensive sender network in key countries such as Saudi Arabia, Kuwait, United Kingdom, United States, UAE, etc will be able to send airtime credit back to their loved ones on MTN’s wide footprint. For example, a mobile subscriber in Saudi Arabia can transfer the airtime credit from their Saudi prepaid account to their family or friends on MTN Syria’s network. All airtime transfers are seamless, instantaneous and secure through Tranglo’s gloTransfer platform. Both sender and recipient receive confirmation SMS once the transfer is made.

“We are proud to be associated with MTN Group to offer international airtime transfers to their customers. The Africa and Middle East countries in which MTN operates, have a strong presence of migrant diaspora, thus the service will be highly practical and effective. We are confident that the Tranglo sender network will be able to take advantage of this service." says Mohammad Gharaybeh, Executive Director of Tranglo Middle East/Africa.

"We are particularly pleased about this partnership because by offering MTN customers the convenience of cross-border airtime transfer, the service is further helping to connect our customers with their friends and families based overseas", said Christian de Faria, MTN Group Chief Commercial Officer.The service is currently available to MTN Yemen and MTN Syria via various sender channels managed by Tranglo. The service will be extended to key MTN operations in the near future.

About Tranglo

Tranglo is a leading international mobile financial transactions hub operator that enables cross-border airtime exchange, money transfer and bill payment via its award-winning innovative solutions gloTransfer and gloRemit. For more info on Tranglo, please visit www.tranglo.com

About MTN Group

Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN.” As of 30 June 2011, MTN recorded 152.3 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. Visit us at www.mtn.com and www.mtnfootball.com

“MEF launched its M-Commerce initiative in January 2010 with leading industry players to accelerate and realise the huge potential of the mobile channel”, commented MEF Executive Director, Rimma Perelmuter. “In leveraging MEF’s Global reach, and our members’ local expertise, we have already highlighted the prevailing business models in M-Commerce for North America.  M-Commerce business models across South East Asia vary significantly by market and the MEF Asia M-Commerce Guide will provide an essential primer for those wishing to better understand and invest into vibrant markets across South East Asia.”

The MEF Asia M-Commerce Guide will address the fact that South East Asia is a distinct region with very different economies, technology penetration levels, consumer needs and industry opportunities in each individual market. To successfully highlight and address these clear differences, the individual MEF member case studies provide an overview of the market challenges, how the company developed a product or service to meet a consumer need, insights into the business models and value chain which were used, and the success achieved with this approach. MEF is working with its members to highlight the specific business models that are proving successful  within these markets including banking the unbanked, migrant workers transferring money to their families, and pre-pay airtime sales and delivery.

Tranglo , VP of Business Development, Dick Dekkers stated, “Mobile commerce is set to be a mainstay of business strategy for Mobile Network Operators worldwide, fitting perfectly within the product portfolios of players in both developed and emerging markets. Tranglo has pioneered International Airtime Transfer since 2008, with significant and rapid results and our strategy is outlined within this Case Study. We are proud to be working with MEF who are leading the way in providing opportunities to expose the business models and companies which are working successfully in our region”.

MEF currently has M-Commerce Steering Committees active in each of its operational markets, including EMEA, LatAm and North America.

MEF Asia will be exploring the local opportunities for M-Commerce in more detail during its half-day forum at CommunicAsia on 23 June 2011.

The MEF Asia M-Commerce Case Study published in association with MEF Member Tranglo is available to download for free at: www.m-e-f.org/m_commerce/asia or here

- Ends -

Notes to editors:

About MEF

About Mobile Entertainment Forum (MEF)

The Mobile Entertainment Forum is the global trade body of the mobile media and entertainment industry.  It represents the leading companies throughout the entire mobile entertainment value chain, and works on behalf of its diverse membership to facilitate industry growth , shape regulation and deliver competitive advantage to its members.

With global headquarters in London and operational chapters in Asia, EMEA, LATAM and North America, MEF is a member network with a global reach, strong local representation and the ability to affect market change.  Established in 2000, MEF provides a consistent and powerful voice for the foremost mobile media businesses and entrepreneurs.  For further information and a full list of members please visit: www.m-e-f.org or www.m-e-f.blogspot.com

About Tranglo

Incorporated in 2008, Tranglo™ operates a global airtime and money transfer hub under the branding of gloTransfer / gloReload and gloRemit. Comprising a team of young, energetic professionals with broad and extensive experience in mobile services, Tranglo is committed to providing a fast, simple and secure mobile transaction platform for its partners. Tranglo works with regional and international mobile operators as well as local and internationally recognised banks. It engages with Telco operators / MVNO, vendors / resellers / distributors and remittance service providers across the globe.

Tranglo currently has local offices in Europe, the United States, Asia, Middle East / North Africa and representatives in South America, Australia and Canada. The company’s innovative services are widely deployed by partners across the globe and have been recognized as the winner of the Asia Pacific Information Communication Technology Alliance (APICTA) awards year 2009. Services are also certified to comply with Anti Money Laundering (AML) and Know-Your-Customer (KYC) principles.

Editorial contacts

MEF

Linda Ruck

linda@m-e-f.org / +65 (6729) 1137

Tranglo

Dick Dekkers

dick@tranglo.com / +316 812 84 980

With this partnership in place, Telkomsel's customers are now able to receive airtime top up from their loved ones who are working overseas. All this is transacted via SMS, making it a quick and simple process. The transfer will be done through Tranglo's secure gloTransfer platform. Both sender and recipient will get a confirmation of successful transaction via SMS. "Communication is so important especially for those who have loved ones working abroad,” says Gideon Edie Purnomo, Vice President of Channel Management of Telkomsel. “With this partnership in place, we can now further facilitate such communication by allowing top ups to be made from overseas. This will also reduce the financial burden of the recipients," he adds.

About Tranglo

Tranglo™ is a leading international mobile financial transactions hub operator that enables cross-border airtime exchange, money transfer and bill payment via its award-winning innovative solutions gloTransfer™ and gloRemit™. For more info on Tranglo, please visit www.tranglo.com

About Telkomsel

Telkomsel is owned by two major companies Telkom 65% and SingTel 35%. Serving more than 95 million customers, Telkomsel is the market leader of cellular telecommunications industry in Indonesia. In the effort to lead the industry entering the new mobile broadband service era, Telkomsel has been consistently implementing 3G, HSDPA, and HSPA+ technology, and the trial of LTE technology. Today Telkomsel is serving full access mobile broadband network for 25 cities in Indonesia.