A number of risks, uncertainties and other factors could cause actual results to differ materially from the results discussed in the forward-looking information, including, but not limited to, the following: risks associated with reliance on key personnel; financial health of Telupay and its related cash flows; general industry and market conditions and growth rates; legislative and regulatory developments; general economic conditions and levels of economic activity; global financial conditions; financing risks; degree of competition in the industry; risks associated with the development of projects; changes in employee relations; control of costs and expenses as well as, the risks set forth under the heading "Risk Factors" in our Annual Report an Form 10-K for our fiscal year ended March 31, 2014, as filed with the US Securities and Exchange Commission.

Forward-looking information reflects Telupay's current beliefs and is based on information currently available to Telupay and on assumptions it believes to be reasonable. The forward-looking information is made as of the date of this presentation and Telupay assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future.

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TelUPay's "Next Generation" products aim to empower the three emerging channels which are most likely to gain rapid market share in the new mobile payments ecosystem. TelUPay's strategic advantage is its own "bank-grade clearing solution" to radically reduce costs.

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Real-time: The world is moving to real time - evidenced by recent studies. This will be applicable for peer-to-peer (P2P) transactions, but more sophisticated applications will emerge over time. The value to consumers and businesses of instant fund transfers is that real-time transactions provide the capability to disaggregate payments and significantly reduce reconciliation and accounting costs (for example TraxPay Germany).

Challenge to cards: While card volumes are growing in emerging economies, card models and schemes seem largely outmoded as cards begin to be dematerialized into virtual wallets. While companies like Square have used cards as an easily available platform for entry to the payments market, the card stands out as a legacy, high cost technology - why not directly access a bank account instead via your mobile phone (evidence Sofort, Ideal, Zapp)?

Move from cash: More sophisticated ways of presenting banking/payment applications enabled by mobile phones will be capable of fully replacing cash, in a way that cards with their asymmetrical acceptance model never could.

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New entrants: Non-banks are forcing banks into a commodity position through wallets etc., (Square, Level Up, PayPal, Payleven, iZettle). Is the answer for banks to leverage their ownership of the bank account and assert their position to put "the bank account back at the heart of payments?"

Customers going it alone: Example, MCX - high, unnecessary costs of card networks are forcing retailers to do their own thing. Direct access to bank accounts could retain a better relationship with these customers - excellent opportunity for banks to work in partnership. Example Telcos - ISIS and similar initiatives.

Regulation; More innovative, non-card scheme services will enable banks to distance themselves from legislation such as interchange caps etc., which is now becoming a common theme in US, Europe and elsewhere. A recent example; Access to the account - A European Commission Initiative to allow 3rd party access for key Accounts (Aug 2013).

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