Austin, Texas, March 1, 2024–(BUSINESS WIRE)–WaveMAX Corporation (“WaveMAX”), the pioneer of the world’s first shared WiFi network, enables users to share password-protected WiFi (homespots, mobile hotspots, or both). We have relaunched the SharedFi mobile app so you can monetize your account. ) in a revenue-sharing business model with mobile virtual network operators (MVNOs) and other partners.
WaveMAX includes revenue-sharing options that allow users to acquire mobile top-ups and eSIMs (embedded subscriber identity modules) from Zendit, the cloud-based prepaid-as-a-service business of IDT Corporation (NYSE: IDT). Contains Zendit features that make it easy to use. ) (“IDT”) is part of an initiative Zendit just announced at Mobile World Congress 2024 (MWC) in Barcelona, Spain.
PagaPhone, a Mexican fintech and mobile virtual network operator (MVNO), becomes the first MVNO to partner with WaveMAX to create synergies with PagaPhone subscribers.
WaveMAX’s SharedFi® patented technology enables a shared network of WiFi access points and small cells. End users have access to this shared network and are subject to location-based advertising if they opt in. Users can also pay for an ad-free subscription service or include it as part of their data plan. The WiFi access point owner and her MNO/MVNO partner receive a portion of the revenue from advertising, subscriptions or mobile his top-ups, and eSIMs.
“Using the Zendit platform, WaveMAX will now be able to add hand-picked prepaid products from its global digital catalog of over 10,000 products and services, including mobile airtime top-ups, mobile data bundles, digital gift cards, and utilities. -Growth opportunities by efficiently integrating cross-border prepaid products into the SharedFi app,” said IDT Digital Payments President, Emilio Del Rio said.
“Our partnership with WaveMAX-SharedFi will help us build the most comprehensive financial and telecommunications ecosystem in Mexico, allowing subscribers to choose with whom they transact and participate in the benefits of the digital financial world. ” said Ulises Telles, President of PagaPhone. & CEO.
Eduardo Velasco, CEO of WaveMAX, said, “We are very excited to add mobile top-up and eSIMS capabilities using the Zendit platform in the SharedFi mobile app, strengthening our business model of partnering with MVNOs like PagaPhone.” said.
About Wavemax Co., Ltd.
WaveMAX is a WiFi-5G sharing company that leverages U.S. patented technology to create an ecosystem that monetizes mobile interactions between carriers, retailers, providers, apps, and users. The WaveMAX ecosystem is rapidly growing around the world, creating new synergies and network effects.
About IDT Corporation
IDT Corporation (NYSE: IDT) is a global provider of fintech, cloud communications and traditional communications services. We make it easy for families to connect and support each other across borders. It also enables businesses to transact and communicate with customers with enhanced intelligence and insights.
About Pagaphone
PagaCel is Mexico’s first FinTelco offering financial and mobile services and remittances under its own brand name PagaCel. PagaCel is made up of fintech company PagaPhone SmartPay, MVNO Orange My Mobile, and money transfer operator Cloud Transfer Services. PagaCel provides innovative products that have a significant social impact to promote financial inclusion for Mexicans around the world and expatriates in Mexico. PagaPhone develops and manages financial and telecommunications services with the aim of providing and providing better opportunities to users of the PagaPhone platform.
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contact address
Wave Max:
info@wavemaxcorp.com
512.902.8038
IDT: bill early
IDT Investor Information
Phone: (973) 438-3838
Pagaphone:
Ulises Telles
Email: ulises.tellez@pagaphone.com
