Ganart Technologies and Eurogiro Sign Agreement

COPENAGHEN, May 23, 2011 /PRNewswire/ -- The Strategic Partnership Agreement between Ganart Technologies and Eurogiro provides an end-to-end solution for postal and other financial organisations to deliver international payments and remittances as well as other financial services to the "last mile". For posts and other financial service providers that seek to reach the unbanked and underserved population in rural areas, the combination of the two companies' technologies will provide fast, inexpensive, compliant and secure transactions to host-connected and unconnected rural postal branches. "Trust, flexible technology and a menu of services tailored to the needs of this market are the elements that can change their world for the better," notes Webb Edwards, Co-Founder of Ganart Technologies.

For Eurogiro, the partnership complements its own charter to provide a secure, cost-efficient international payments and remittances system with Ganart's "last mile" financial services technology solution to reach rural locations with a semi or fully self-service customer experience via a kiosk or other hardware device. "Ganart's technology advantages are the perfect complement to the Eurogiro network and its community. It allows posts, as well as banks, the ability to provide financial services reach that aid in the financial inclusion agenda," stated Tjeerd Rienstra, CEO Eurogiro.

Art Holbrook, CEO Ganart Technologies explained, "It has been the vision of Ganart to provide financial services to the world's underserved population. With Eurogiro's expansive postal network, we can collectively deliver a variety of financial services that have never before been offered, especially in non-urban areas that lack basic infrastructure systems. We are very much looking forward to working towards our common vision with Eurogiro."

About Eurogiro A/S:

Eurogiro A/S, headquartered in Copenhagen, Denmark, is a global payments network and community connecting the postal and banking worlds. Founded in 1992, the company now connects over 60 postal organisations, post, savings and commercial banks, and other financial service providers in nearly 50 countries through a shared IT platform and business standards. In 2007, Eurogiro opened a representative office in Singapore to provide regional support for its members and further expand in the Asia Pacific region. With the vast global reach of the Eurogiro network members in city and rural areas, Eurogiro offers one of the most extensive payment networks for international payments and remittances. For more information visit http://www.eurogiro.com

About Ganart Technologies:

Ganart Technologies is a proprietary provider of reserved and compliant processing of information and transactions. Their money everywhere system is designed around serving the underserved with their Ganart Fusion Last Mile software solution, which has the ability to push a vast array of value exchange services to those in their unit network. This capability gives their customers consistency with their financial services systems from end to end (units to back-end). The Ganart solution reaches the entire financial pyramid, particularly the un-banked and under-banked. For more information visit http://www.ganart.com

    
    Ganart Contact:

    Wayne McHugh, Managing Director, Ganart Technologies Inc.
    Phone: +1-603-930-8229, wmchugh@ganart.com

    Eurogiro Contact:
    Tjeerd Rienstra, CEO, Eurogiro A/S
    Phone: +45-4371-2772, tjeerd.rienstra@eurogiro.com