Hong Kong, May 29, 2008 - Translink Global Processing (Translink) a worldwide data-processing and electronics payment company, today officially announced its partnership with Yalamanchili International PTE LTD. (Yalamanchili), a leading provider of transaction services, ecommerce, card issuing and banking services in the Indian Subcontinent, South East Asia, Middle East , Africa, Australia and the Pacific Islands. Translink will provide Yalamanchili with its remittance, ecommerce payment and mobile payments technology, enabling Yalamanchili to offer its banking and commercial clients a low-cost worldwide remittance and payments service. Translink will utilize the Yalamanchili platform to issue pre-paid cards through Translink's existing banking agreements worldwide. Translink will also strategically assist the expansion of Yalamanchili's services into the United States, Mexico and South America.
We are extremely pleased to have been accepted by Yalamanchili at the end of their review process, said Tim Wood, VP of Global Operations of Translink. Yalamanchili can soon offer their corporate clients a great new payments benefit, as our technology reduces the current costs of sending money person-to-person worldwide.
Translink is designed to provide our partners and their corporate clients with convenient, reliable, savings-driven technology. Our robust web-based/mobile technology is completely customizable and enables our partners and clients to easily integrate with us, added Tim Wood.
We have aligned our technology with Translink's technology to provide end to end solutions to various markets across the world combining both platforms provides a very powerful and unique solution which is currently not available in the market today, said Daryn Griggs, CEO of International Business for Yalamanchili.
About Translink Global Processing
Founded in 2004, Translink (http://www.translink-co.com) is a remittance and payments technology company, providing electronic payment solutions that deliver convenience and cost-savings. Translink currently has agreements with banks and technology providers in the US, Middle East, Africa and SE Asia to provide pre-paid, remittance and payments services. For additional information, please contact: Tim Wood, VP of Global Operations, Translink Global Processing at tim.wood@translink-co.com.
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