Dear Friends and Partners,

I’d like to share with you an important new chapter in our company’s evolution.

Ingenico S.A. (Euronext: ING), a global leader in payment solutions, recently acquired a controlling interest in TransferTo. Ingenico had previously held a 35% stake in TransferTo through its venture capital arm Ingenico Ventures since 2009 and now holds 90% of all shares in the company.

Ingenico's acquisition of TransferTo will further strengthen its position as a leading provider of mobile commerce solutions. It also confirms the strength of TransferTo's business model and the massive potential of airtime remittances. This transaction will bolster our capital base and allow us to deploy our airtime transfer service faster than ever.  More importantly, it will allow TransferTo to continue improving the services provided to our partners.

Ingenico and TransferTo believe that our partners will greatly benefit from this unique combination, which brings together a leading provider of payment solutions and a major airtime remittance service provider. TransferTo will be able to deploy even faster airtime remittance services, greater network coverage, improved payment options and financial services, leveraging on the large installed base of POS terminals.

I’d like to take this opportunity to thank you for your support, and I look forward to continuing our long term partnership. As always, your success is very important to us, so if you have questions, please feel free to contact me directly or your account manager.

Eric Barbier
CEO & Managing Director