MoneySwap Launches Pre-Paid VISA Card

MoneySwap Plc

("MoneySwap", the "Group" or the "Company")

MoneySwap Launches Pre-Paid VISA Card for Asian Travellers

MoneySwap Plc (AIM:SWAP), the online peer-to-peer currency exchange and payment platform focused on the Asia market, is pleased to announce that it has launched a pre-paid VISA card aimed at Asian travellers.

The pre-paid VISA card (the "Card"), will be issued by a Swiss bank, and will enable Asian travellers access to local currencies from ATMs, point of sales and on line purchases in Europe and the United States. The Card will be available to customers in US Dollars, Euros and British Pounds. Cardholders will pay an annual fee to MoneySwap and the Card will entitle cardholders to certain benefits typically associated with such cards, such as travel insurance. The Company has already received a large number of orders for the Card and expects that it will make a material contribution to the Company's revenue for the current financial year.

Under an agreement entered with an established outsourcing partner,the appointed programme manager will be responsible for the underlying web and telephone interface, programme management tools and card functionality.

Richard Proksa, Chief Executive Officer of MoneySwap, commented:

"We believe these Cards will provide customers the flexibility, cost savings and ease of payment while they are abroad. We view the launch of this pre-paid card to be a core service with important revenue generation potential."

About MoneySwap (www.moneyswap.com)

MoneySwap Plc has its operational headquarters in Hong Kong. Primarily focused on the Asia market, the Group offers pre-paid card services and also operates an online peer to peer foreign exchange and payment platform. The Group's pre-paid card services are primarily aimed at Asian travellers and enables them access to local currencies from ATMs, point of sales and on line purchases in Europe and the United States The Group's online money services platform facilitates peer to peer currency exchange and payments either between e-wallets or international money transfers through the global banking system. The Group has banking relationships with Barclays Bank plc in Europe, DBS Bank in Singapore as well as Standard Chartered plc, HSBC in Hong Kong together with various local domestic banks in other countries. Its shares are traded on the London Stock Exchange's AIM market (AIM:SWAP.L).

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