Wednesday, August 17, 2011

Global Payout Partners With Mi Adelanto for Mexican Prepaid Debit Card Offering


SAN DIEGO, Aug. 17, 2011 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) has signed a memorandum agreement with Mi Adelanto, Mexico City, Mexico to begin offering prepaid debit cards in Mexico.  Through Mi Adelanto's bank relationships inMexico, they have launched a prepaid MasterCard® in Mexican currency (PESO) from an issuing bank in Mexico.  This relationship will allow Global Payout to launch in-country debit card programs specifically for Mexican residents, as well as provide for money transfer services to Mexico from U.S. issued debit cards and Global Payout's eWallet platform.
"The ability to launch a prepaid card in Mexico gives Global Payout a huge competitive edge in payments to Mexican residents from U.S. and international companies," stated Jim Hancock, Global Payout Chief Executive Officer.  "A Mexican PESO issued debit card has significantly lower usage and foreign exchange fees than U.S. issued debit cards."
In addition, Mi Adelanto is a financial services company that offers Global Payout additional benefits and services in Mexico, such as cash advances for payroll, direct deposit for employers and government payments.  Gerardo Bonilla, Mi AdelantoPresident, adds, "We welcome the opportunity to work with Global Payout in supplying debit cards for use within Mexico and around the world."
About Global Payout, Inc.:
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a payment solutions provider offering U.S. and International companies electronic payment and prepaid debit card solutions. Through Global Payout's processors and solution providers the company offers an international payment platform allowing accountholders to move money to personal bank accounts in over 200 countries. In addition, the company provides for U.S. and International debit cards, allowing accountholders without bank accounts to access funds worldwide. As a program manager and reseller, Global, is a provider of prepaid debit cards in the U.S. for payroll and general spend programs.
About Mi Adelanto:
Mi Adelanto Corporativo, SAPI de CV is a consumer lending company headquartered in Mexico City that provides small loans to people who have unexpected emergencies and need money immediately.  Mi Adelanto works with a number of banks and large employers to offer these payroll based advances to government and private sector workers.  The advance is paid back from the borrower's next payroll either from their bank account or from a debit card assigned for this purpose.  Mi Adelanto manages a number of debit card programs and makes them available to partners for use in their programs, as required in Mexico.
CONTACT:
Joe Sebo, Chief Financial Officer
joe@globalpayout.com
Global Payout, Inc.
T.760.433.3399
F.215.294.4626
www.globalpayout.com
SOURCE Global Payout, Inc.
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