Wipit to Present Mobile Payments Service for Cash Preferred Consumers at FinovateSpring 2012

PASADENA, Calif., March 28, 2012 /PRNewswire/ -- Mobile payments company Wipit, Inc. today announced its participation as a presenting company at FinovateSpring 2012 in San Francisco.  FinovateSpring is an industry conference that showcases the latest, groundbreaking innovations in financial and banking technology from leading established companies and young startups.

(Photo: http://photos.prnewswire.com/prnh/20120328/LA77515)

"We are excited to present Wipit's mobile payment service at FinovateSpring 2012," said Wipit, Inc. CEO Richard Kang.  "The conference is a prestigious event that highlights innovative technology, and I'm delighted to showcase the future of mobile payments for the underbanked consumer."

Wipit offers underbanked consumers the convenience and security of single-click mobile payments.  The service allows users to create a free mobile wallet account via their smartphone or online (www.wipit.me), then fund it with cash added at one of 10,000+ authorized retailers nationwide.  Prepaid funds are immediately available to the consumer to make in-app purchases, mobile payments or web payments with merchants who accept Wipit as a payment option.  The service is designed to cater to consumers without bank accounts or credit cards, a target demographic that represents 25% of all United States households, including a significant overlap of the over 60 million U.S. prepaid wireless subscribers.

About Wipit, Inc.

Wipit, Inc. is a Southern California headquartered company founded to provide software-based financial services solutions for the cash-preferred customer, developers and merchants globally. The company has strategic partnerships with and is invested in by global companies H&R Block, Inc. and Euronet Worldwide, Inc.  Wipit's founding and management team includes entrepreneurs and executives in the financial services and wireless telecommunications industry, including founding team members of some of todays most successful prepaid wireless carrier brands. For more information, visit www.wipit.me.

About FinovateSpring

FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit http://www.finovate.com/spring2012.

For further information regarding this release, please contact:
Wipit, Inc.
888-912-8008
[email protected]

SOURCE Wipit, Inc.