Euro Asia Pay Holdings Inc. (EAP) announced that the Company has entered into an agreement with Discover® Global Network to power EAP's soon-to-launch Hero Financials product in the United States. Pursuant to the agreement, EAP and Discover will facilitate joint programs via issuers of prepaid cards in the U.S. for acceptance on the Discover Network. Hero Financials is EAP's full-service alternative-to-banking solution that allows guardians to provide funds to their dependents easily while monitoring payments and promoting financial literacy for the next generation of consumers.

The partnership with Discover will aid EAP's expansion strategy in the U.S. and provide reliable choices to consumers for more secure payments. The agreement is for an initial term of five years, during which time EAP has committed to issuing all future cards for its U.S. market exclusively on the Discover network. Under the agreement, both parties will review anticipated volumes within a reasonable time following the 24-month anniversary of the Hero Financials launch date.

EAP anticipates that this agreement will enhance the Company's growth plan with the support of Discover.