Cairo, Egypt Jun. 13^th, 2010, Applications & Payment Systems Development (APSD) Corp.

Masary and MobiKash Africa have signed a strategic Business Association Agreement to jointly serve the Middle East and African un-banked and semi-banked markets, offering a unique suite of Mobile Payment, Mobile Disbursement, Mobile Banking, Mobile Commerce and Mobile Remittance services.

Cairo, Egypt Mar. 7^th, 2010, Applications & Payment Systems Development (APSD) Corp.

Masary has launched successfully its Mobile and Internet wallet to distribute e-services commercially for the first time in Egypt. It comes after its success in the Egyptian market through more than 600 POSs and merchants throughout Egypt.

Cairo, Egypt Nov. 22^nd, 2009, Applications & Payment Systems Development (APSD) Corp.

Masary is clearly setting the standards of serving the unbanked citizens of Egypt.  They proactively chaired a panel in the Global Mobility Roundtable held in Cairo Marriot on the 2nd of November 2009, with the title "Is the unbanked sector in Egypt ready for e-payment solutions?". The panel was very successful in terms of panelists and attendees who agreed all that "Yes, we are ready and we need it".

Cairo, Egypt July 27^th, 2009,

Masary Egypt started its mobile commerce services operations the first week of June 2009 and just after one month of operation it managed to hire more than 100 merchant outlets in rural areas to distribute Masary's first service; Electronic Topup. Masary is focusing on nontraditional merchant outlets to first distribute its planned digital and commerce services across Egypt and then deploy the services in the Middle East in partnership with key strategic local players in each country.

Cairo, Egypt December 4^th, 2008, Applications & Payment Systems Development (APSD) Corp.

Masary® launches its first Mobile Micro Finance (MF) service in Egypt and the Middle East with Dakahlya Businessmen’s Association for Community Development (BDACD).  This service is the first of a suite of Masary service offerings that will be rolled out in phases specifically tailored to meet the growing needs of the MF sector in the Middle East and Africa. This phase is all about enhancing BDACD’s ability to monitor their field collection process in Real-Time while giving them greater operational control.