SCX Global joined the Rêv Worldwide network of payments companies for underserved markets today through an investment by MPOWER Ventures. The development promises to accelerate the widespread availability of basic financial services and the opportunities they afford for the more than 300 million underserved consumers in the Asia-Pacific region by giving SCX Global, now Rêv Asia Pacific, the expertise and capital it needs to replicate its early success with prepaid in Australia throughout the region.

The partnership unites SCX Global, the company responsible for bringing prepaid cards to the Asia-Pacific region, with Roy and Bertrand Sosa, the industry veterans who pioneered the multi-billion-dollar prepaid debit market as founders of U.S. prepaid leader NetSpend, making prepaid a broadly accepted form of payment and bringing financial empowerment to millions of unbanked and underbanked Americans.  With backing from MPOWER Ventures and support from MPOWER Labs – the venture fund and complementary business accelerator the Sosas launched earlier this summer – the Rêv Worldwide companies have developed international networks of retail distribution and reload points for prepaid debit cards and an advanced global processing platform connected to the major payments networks, including MasterCard and VISA.

MPOWER Ventures and MPOWER Labs focus on investing in financial innovation for underserved markets and collaborating with likeminded entrepreneurs who share their commitment to building a more inclusive global financial system that reaches those currently excluded from access to basic financial services, more than 2 billion people worldwide.