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Payza Names Hashemi as Vice President

Payments Industry Veteran to Implement Business Strategy and Global Expansion

NEW YORK, NY -- (Marketwire) -- 01/30/13 -- Payza, a leading global online payment platform, promoted Mohammad Hashemi to Vice President of Strategy. In his new role with the company, Hashemi will be responsible for implementing Payza's overall business strategy and global expansion by spearheading its partner acquisition efforts.

"Mohammad's innovation and insight will enable Payza to expand its global reach as we solidify the right partnerships at local levels," explained Payza's Executive Vice President of Strategic Partnerships and Corporate Affairs, Firoz Patel. "His success in driving the company's product development strategy provides him with the appropriate combination of experience and expertise to propel Payza to the next level of excellence." The role of Vice President of Strategy is a newly created position within the company.

In his previous position as Director of Product Strategy, Hashemi managed the life-cycle of the company's products, from inception to deployment. He proved central to the company's success because of his direct involvement in the development of Payza's core offerings, including online payments, fraud mitigation and e-commerce technologies.

"The key to the success of any online business is strategic market expansion," stated Hashemi. "How and where we grow will be determined by the partners we work with to navigate the regulatory landscape as we roll out our services to new geographies and new industries. I am thrilled to be on the frontlines of propelling Payza to the next stage of its corporate evolution."

About Payza
Payza is one of the world's leading global online payment platforms specializing in e-commerce processing, corporate disbursements and remittances. Payza's highly secure e-wallet platform provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. With over 9 million members, Payza offers its services around the world in 21 currencies, and is proud to provide its merchants around the globe with a complete solution for accepting payments and managing their businesses. More information is available about Payza on its website, www.payza.com, Facebook, Twitter and on the company's blog.

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Contact:
Gary Thompson
Clarity Communications for Payza
415-963-4082, ext. 101
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