Small World and Choice Money Transfer Combine to Create Leading Global Financial Services Group

By Small World Financial Services Group Ltd, PRNE
Tuesday, July 12, 2011

LONDON and NEW YORK, July 13, 2011 -

Small World Financial Services Group and Choice Money Transfer
today announce that the merger between the two companies has
gained the required regulatory approvals and has successfully
completed.  The closing of this transaction creates one
of the world’s largest money transfer organisations.

The combined new combined entity, to be known as the Small World
Group, trades across Europe and North America, processing in excess
of 600k transactions per month and with a payment network in
excess of 150,000 locations.

“This transaction catapults us into the top tier of global
remittance players,” said Nick Day, Group CEO at Small World,
“while creating substantial synergies and opening up new geographic
markets and corridors. The combination of our global payment
networks and deployment of our advanced technology platform will
greatly accelerate our growth trajectory.”

Kevin Neuschatz, the CEO of Choice Money Transfer, will also
become Commercial Director of Small World. Kevin said, “I look
forward to working with Nick and Small World, and to leveraging the
benefits of our combined technology platform to drive sales and
bring our outstanding service to more customers around the

About Choice Money Transfer

Choice Money Transfer Inc. is a fast growing provider of
consumer money transfer services committed to service excellence,
regulatory compliance, and sound management principles. Choice
Money Transfer has a network of correspondents in over 45 countries
throughout Africa, Asia, Latin America, and Europe. For more
information, visit  href="">

About Small World Financial Services

Small World Financial Services Group is the largest independent
money transfer company in Europe. It provides global
consumer-to-consumer money transfer services through a sending
network of agents and Company-owned stores, disbursing money
transfers through a worldwide payer network in 90 countries, as
well as disbursement to bank accounts and mobile wallets. In
addition to money transfer, Small World provides telephony
services, insurance products, prepaid debit cards, and cheque
cashing. For more information, visit  href="">

Media Contacts: US - Kevin Neuschatz, kneuschatz at (+1-(212)268-9290); UK - Nick Day, at - +44(0)20-7863-8816

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