BICS and Australian mHITs sign to connect to HomeSend

BICS, a global provider of wholesale carrier services and a first mover in the mobile financial
services market, and mHITs, a pioneering developer and operator of mobile payment services,
today announced that mHITs has connected to the international remittance hub, HomeSend.

In Australia, the mHITs branded mobile payment service allows users to send and receive payments via
SMS text message. mHITs is also working globally to provide simple, ubiquitous mobile payment
solutions for the unbanked in emerging markets.

HomeSend is a strategic business partnership between BICS and eServGlobal, allowing the real-time
transfer of any type of funds, and from various fund sources, such as eWallets, bank accounts, credit
cards and cash. HomeSend, as such, acts for mHITs as a central worldwide aggregator, and enables
overseas international remittances via the mobile phone. As a result, people living in Australia will be able
to remit money instantly and cost effectively to their relatives and friends living abroad.

Frédéric Schepens, SVP Mobile Financial Services at BICS said “We are very happy to work with mHITs,
this agreement is a significant step in the development of HomeSend. Through one single technical and
commercial connection, mHITs’ users gain instant access to all of HomeSend’s partners.”

“We are very excited to be partnering with BICS for our remittance service” said mHITs CEO Harold
Dimpel. “By connecting to the HomeSend platform, mHITs users will be able to send money instantly
from their mobile phone to friends and relatives overseas at very competitive rates” he continues. “The
HomeSend platform is very powerful and the remittance hub has a global reach.” he concludes.