SCX Global Joins Rev Worldwide Network of Payment Companies

MPOWER Ventures Invests in Australian Prepaid Leader, Extends Rev Platform to
Underserved Markets in Asia-Pacific

AUSTIN, Texas and SYDNEY, Australia, Aug. 27 /PRNewswire/ -- Australian
prepaid card leader SCX Global Limited has joined the Rev Worldwide network of
payment companies through a majority share investment by MPOWER Ventures, a
socially committed venture fund that invests in financial services for
underserved consumers worldwide, the companies announced today. The Rev
Worldwide companies are part of the MPOWER Ventures portfolio. Under its new
name Rev Asia Pacific Limited, SCX Global will lead the Rev Worldwide
network's efforts to drive widespread commercial availability of new and
emerging payment solutions to underserved consumers throughout the
Asia-Pacific region. Rev Worldwide encompasses RevEurope Payments Limited, Rev
Latin America, Inc. and now formalizes operations in the Asia-Pacific region
under Rev Asia Pacific Limited, formerly SCX Global.
According to the Asian Development Bank, more than 300 million households
in the Asia-Pacific region lack access to basic financial services.(1) SCX
Global was among the earliest companies in the region to address this need and
was the first to offer retail availability of a reloadable Visa prepaid card,
Canvas, throughout Australia, providing underserved youth and immigrant
markets with the convenience and security of a Visa payment card. SCX Global
was also the first provider in the region to offer a virtual Visa prepaid
card, VCARD, bringing secure online shopping to a wider group of consumers. In
addition to the general purpose prepaid and virtual cards, SCX Global's
product portfolio includes gift cards and remittance cards.
"We believe everyone in the world deserves access to trusted payment
solutions and the opportunities and freedoms that come with participating in
the financial mainstream," said Richard Child, executive chair, international
strategy and corporate development, Rev Worldwide. "Over half the world's
population lives in Asia-Pacific, so our partnership with SCX Global is
essential in creating inclusive financial services for the underserved
worldwide. We're thrilled to have found the right partner in SCX Global, a
company with a proven understanding of the regional landscape and a successful
track record introducing consumers in the region to the benefits of innovative
payment solutions."
Partnering with MPOWER Ventures gives SCX Global access to MPOWER Labs,
the global research and development incubator and business accelerator serving
MPOWER Ventures and its portfolio companies. With support from MPOWER Labs,
Rev Worldwide has already introduced the industry's only platform focused on
international underserved markets, providing seamless global connectivity and
universal language and currency support for card-based, mobile, retail and
online transactions. MPOWER Ventures and MPOWER Labs were both founded by
brothers Roy and Bertrand Sosa who pioneered the prepaid card market,
expanding access to financial services for millions of underserved consumers.
"Joining the Rev Worldwide network is a logical and exciting development
for SCX Global," said Simon Hilton, managing director for SCX Global. "It
provides us with immediate scale, the power of a global brand, access to
shared international knowledge and groundbreaking product platforms. We share
MPOWER's spirit of entrepreneurship, belief in innovation and desire to serve
consumers who have been overlooked by the market."
SCX Global will continue supporting its current partnerships and consumer
products, and the SCX Global executive team will continue operating in their
respective capacities. Terms of the transaction were not disclosed. For more
information on SCX Global's products, visit: www.mycanvascard.com.au,
www.virtualvcard.com or www.securecashxpress.com.au.
(1) "Low-Income Households' Access to Financial Services: International
Experience, Measures for Improvement, and the Future," Nimal A. Fernando,
October 2007
(www.adb.org/Documents/Books/Low-Income-Households/low-income-household.pdf)
About MPOWER Ventures
MPOWER Ventures is a double-bottom-line venture capital fund based in
Austin, Texas. Fueled by the belief that the combination of innovation,
collaboration and disruptive technology can stimulate fundamental change that
frees latent economic potential and generates meaningful social impact, MPOWER
Ventures identifies and invests in early-stage businesses creating products
and services for the underserved. MPOWER Ventures currently focuses its
investment portfolio in financial services with investments in international
payments, mobile payments and retail financial services.
About Rev Worldwide
Rev Worldwide (www.revworldwide.com) is the first and only global network
of companies created to innovate end-to-end payment solutions that bring
financial empowerment to underserved markets. Rev Worldwide's companies are
committed to providing underserved consumers around the world with access to
convenient payment methods that allow them to participate in today's
mainstream economy. Rev Worldwide companies serve customers through card
payments and payment processing, reload networks, mobile payments, loyalty
programs, money transfers and bill payment. Rev Worldwide's proprietary
processing platform allows financial institutions, telecommunications
companies, merchants and government entities to reach underserved markets
worldwide with standardization and consistency while seamlessly adapting to
local currencies, customs, languages and laws. Rev Worldwide encompasses
RevEurope Payments Limited, Rev Latin America, Inc. and Rev Asia Pacific and
maintains regional offices in Austin, Texas; Dublin, Ireland; Mexico City,
Mexico; Sydney, Australia; and Auckland, New Zealand. Rev Worldwide's
companies are part of the MPOWER Ventures portfolio.
About SCX Global
SCX Global (www.scx-global.com) utilizes innovative technologies to meet
the needs of consumers underserved by traditional financial services products
with a range of prepaid payment products. SCX Global designs, markets and
distributes prepaid card products, including reloadable cards for everyday
use, cards for domestic and international remittance and virtual payment cards
for shopping online. SCX Global partners with financial institutions and
retail distribution networks to provide secure, convenient payment solutions
to consumers.
SOURCE Rev Worldwide

Meredith DeSpain Kelsey of Rev Worldwide, +1-512-531-1191,
meredith.kelsey@mpowerlabs.com; or Jason Dempsey of SCX Global, +64 21 605
094, jason.dempsey@scx-global.com