Released on = January 4, 2007, 2:25 am

Press Release Author = Sonali

Industry = Software

Press Release Summary = Adding a whole new dimension to the retail boom and consumer
buying experience of diverse products and services, Indepay Networks, today launched
Indepay - the first-of-its-kind retail distribution and payment network that
promises to redefine & further strengthen the retailer - consumer interface in
Indian market place.


Press Release Body = Bangalore, January 4th 2006: Adding a whole new dimension to
the retail boom and consumer buying experience of diverse products and services,
Indepay Networks, today launched Indepay - the first-of-its-kind retail distribution
and payment network that promises to redefine & further strengthen the retailer -
consumer interface in Indian market place.

Indepay is a singular solution to multiple purchases and payment requirements of the
consumer. Through Indepay buyers can currently procure goods and utility services
starting with mobile top up at the next door retailer. The beauty of Indepay
terminal is in its ability to enable customers to make both cash & cashless payments
anytime to any Indepay enabled merchant instantaneously to avail a wide range of
goods & services.

Indepay through its proprietary platforms create a network of merchants, telcos,
banks & online aggregators. This creates an ecosystem that allows consumers to
purchase various goods & services available 'online' at the traditional retail
store. A unique enabler, Indepay is an innovative multi-functional goods and
services delivery device, bringing value all consumers & partners in a non -
disruptive way.

Through Indepay network, neighborhood retailers in times to come can facilitate
customers' goods & services like utility bill payments, railways tickets, gifts,
flowers, cash less bank transaction & lottery. Thus significantly augmenting
convenience & satisfaction for customer at all times by offering wide range of goods
& services through single Indepay terminal. Merchant benefits also extend to
increased consumer footfalls & multiple transactions by individual consumer for
goods & services through Indepay terminal thus leading to merchant revenue
amplification. New doors for customer acquisition & additional distribution channels
through Indepay will guarantee better revenues and a world of conveniences at all
times.

On this momentous occasion of Indepay Foundation Summit, Rajib Saha, President &
Chief Executive Officer - IndePay said 'Indepay shall empower our society as a whole
by giving unmatched freedom and convenience to consumers in terms of purchasing
while enabling retailers the chance to grow on the strength of new services and
revenue streams." He also added "Indepay will reach the un-reached, connect the
un-connected & bank the un-banked."

"The Indepay network will create an unprecedented ecosystem wherein consumers can
access a full range of E-goods and services through traditional retail" illustrated
Mr Sukanta Dey, Executive Vice President & Chief Marketing Officer,

In the first phase, Indepay terminals would be deployed & activated in the top sixty
three towns in India with more than five hundred thousand population, with the
objective to introduce a new service every month leading to a whole new world of
ease, comfort, convenience and value for consumers.

TTSL, Euronet, Forbes India, Ferns-n-petals, Pine Labs, FINO, Sulabh International,
Flightraja, Yatra, Flextronics, Vishay, Texas Instrument, Magtek, Freescale & NXP
have partnered to make Indepay a neighborhood success.

For live web cast, please visit www.indepay.com

About Indepay Networks

Indepay is an innovative service that has created a robust network integrating the
retail merchants, banks, telcos and online aggregators on its proprietary platform.
People shall be able to enjoy value added services like mobile top-ups, railways and
airline tickets, bill payments and many more right from the comfort of their
neighbourhood Mom & Pop stores. While it empowers customers to choose from a world
of services right from their doorsteps, it opens up a new world for retailers by
enabling them to offer much more beyond their traditional offerings, thereby opening
up multiple new revenue streams for them. Indepay's high-end proprietary platform,
including its cutting edge multi-functional terminals integrates the various
stakeholders in real time.


For further information, please contact:
Sonali
sonali@mutualpr.com



Web Site = http://www.indepay.com

Contact Details = Sonali

sonali@mutualpr.com