MyGlobalPay to Provide TreasureCom's Mobile and Core Banking Technology in Africa

Online, April 3, 2011 (Newswire.com) - MyGlobalPay, Ltd, a subsidiary of Chartered Diversified Holdings Limited Liability Company, and TreasureCom Financial Holdings, Inc. (TreasureCom) today announced that MyGlobalPay will become the exclusive representative of TreasureCom in Africa.

MyGlobalPay acquired exclusive representation rights in Africa after purchasing TreasureCom's licenses previously issued to two other African companies based in Cameroon and Kenya. In addition to reaching separate agreements with these companies, MyGlobalPay then sought rights to represent TreasureCom throughout the African continent.

"MyGlobalPay wants to become the leading provider of mobile banking facilities in Africa by creating a continental network" said Professor Januarius Jingwa (JJ) Asongu, Founder and Chief Executive Officer of MyGlobalPay. "To achieve this ambitious dream, we needed a technology partner like TreasureCom with cutting-edge technology. TreasureCom provides the world's first instant and secure online and offline payment service."

MyGlobalPay operating under a Master Agent agreement with TreasureCom will be able to offer a range of services that go from traditional cash pickups, deposit on bank accounts, to prepaid debit cards. The company has enhanced its service line up to include core microfinance banking solutions, mobile payments and mobile transfers using cell phones with text messages (SMS) technology. The new MyGlobalPay person to person banking and mobile transfer services will allow customers to perform micro-financial and branchless banking services, send and receive funds easily, securely using any mobile telephone within Africa.

"We are pleased to have MyGlobalPay as our exclusive Master Agent in Africa," said Michael Treasure, President and Chief Executive Officer of TreasureCom. "Using our revolutionary CaribPay Mobile Universal Network solution, individuals, microfinance institutions (MFIs), banks and corporate bodies can perform such things as core banking functions, send and receive payments, pay any biller, perform merchant payments and remit money both nationally and internationally. This extra-ordinary new service, provided primarily as a software as platform model, provides a safer, faster, easier, and cheaper way to move money in today's digital economy."

"While there are a number of other providers of mobile banking services in Africa, none has attempted to do so at a continental level and at the scope and breadth as the TreasureCom solution affords," said Asongu. "MyGlobalPay will be able to do so because the revolutionary solution made available to us by TreasureCom is network agnostic or neutral and will permit us to work with virtually any telecom network in the continent. We're also trying to build up a network of financial services providers in the continent. At the moment we're talking to potential partner banks and MFIs in Cameroon, Chad, the Gambia, Ghana, Kenya, Nigeria, Senegal, and Zimbabwe, and we welcome interested partners throughout the continent."

About MyGlobalPay: MyGlobalPay, Ltd, a subsidiary of the US-based Chartered Diversified Holdings Limited Liability Company, is a privately held company incorporated in Buea, Cameroon, and with strategic partners across the globe. Our solutions address the needs of modern day formal and informal financial institutions as well as the financial needs of other businesses and individuals. Our mobile and core banking solutions are enhanced with inbuilt unlimited customer database management, billing facilities, and KYC (know your customer) fundamentals. We are in compliance with Anti Money Laundering and Anti Terrorism Financing (AML-ATF) legislation. For more information on MyGlobalPay and the products and services it offers, visit us at www.myglobalpay.com or write to us at [email protected]. You may also call us at (237) 9841-7136.

About TreasureCom: TreasureCom Inc. and its wholly owned subsidiary TreasureCom Financial Holdings, Inc., is a US-based company with operations around the world with its CaribPay Mobile Universal Network Hub arrangement. The company is a privately owned corporation specializing in integrated banking and financial product services providing businesses and consumers with cost effective, reliable and convenient technology and services within the financial sector. For more information on TreasureCom and the products and services it offers, visit us at www.TreasureCom.com or write to us at [email protected]. You may also call us at 1-800-940-9633.

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