Jan. 20 at 1:32 PM
Alpha Modus’ financial services unit and wireless fintech company SurgePays have signed a Letter of Intent to pursue a commercial integration and distribution partnership aimed at underserved and subprime consumers in the U.S.
The companies plan to expand financial access by leveraging SurgePays’ retail footprint of more than 8,000 independent merchants, with a long-term goal of reaching up to 100,000 locations. A key part of the collaboration is the planned integration of Alpha Modus’ upcoming digital wallet, Alpha Cash, which is expected to support services such as check cashing, cash transfers, and bill payments for underbanked consumers.
Under the LOI, Alpha Cash would be integrated, preloaded, and promoted as the primary financial services partner across SurgePays’ assets. The agreement also outlines future integration of SurgePays’ Top-Up and benefits enrollment platforms with the Alpha Cash wallet, as well as deployment of SurgePays’.
$AMOD $SURG