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Accor:<br />

legitimate leader in the fast growing prepaid market<br />

Already leader in the B2B value-added prepaid market<br />

Full command of the prepaid value chain, a high barrier to entry<br />

(platform access, transactions, regulation)<br />

Access to corporate clients (existing sales force), targeted marketing<br />

and value-added services for corporate employees<br />

Strong relationships with merchants<br />

Potential partnerships in the electronic value chain<br />

Global platforms<br />

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