SurgePays Signs Agreement with Etime system for $48 Million in Annual Prepaid Wireless Purchase Volume
Etime system commits to at least $48M in prepaid wireless volume over Oct 2026 to Sep 2027, $4M monthly minimum, auto-renewing annually.
What this release says
SurgePays signed a prepaid wireless agreement with Etime system, a payments network with more than 1,000 retail locations, for at least $48 million in purchase volume from October 1, 2026 through September 30, 2027, with a minimum of $4 million a month. The agreement renews automatically each year at the same minimum. The release describes this as volume that is already running, but the figures are transaction value, and the company says its net revenue and gross profit from that volume may be much lower.
Key figures
- Minimum purchase volume
- $48 million
- Monthly minimum
- $4 million
- Initial term
- October 1, 2026 to September 30, 2027
- Retail locations served by Etime system
- more than 1,000
Positive for shareholders
- Etime system has committed to a minimum of $4 million a month, which gives SurgePays a contracted volume floor.
- The agreement renews automatically each year at the same minimum commitment.
- The release says the new volume is already running and adds transactions to infrastructure the company has built.
Negative for shareholders
- The $48 million is total transaction volume, and the release warns that net revenue and gross profit from it may be significantly lower.
- The release says there is no assurance Etime system will meet its committed volume or that the agreement will renew.
- The release lists dependence on carrier and payment relationships and regulatory developments as risks.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Prepaid wireless airtime:
- Mobile phone minutes or data that a customer pays for in advance and loads onto a phone.
- Top-up and refill:
- Adding more prepaid credit to an existing prepaid phone account.
- Gross profit:
- Revenue left after subtracting the direct cost of the products or services sold.
- Forward-looking statements:
- Statements about expected future results that depend on assumptions and may turn out to be wrong.
FAQ
How much volume has Etime system committed to buy from SurgePays?
Etime system has committed to buy at least $48 million in prepaid wireless airtime, top-up and refill transactions over the initial term, with a minimum of $4 million a month.
Does the $48 million translate directly into SurgePays revenue?
Not necessarily, since the release says the $48 million is purchase volume and the net revenue and gross profit recognized from it may be significantly lower.
Will the SurgePays agreement with Etime system renew?
The agreement renews automatically each year at the same minimum commitment, though the release says there is no assurance it will renew.
Historical context for SURG
Across the 27 sessions after earlier SURG headlines, the stock closed higher 11 times and lower 16 times, with a median move of 4.5% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | SURG | SPY |
|---|---|---|---|
| Oct 29, 2026 | SurgePays Partners with iPMobile to Bring Wireless Service to Rural Broadband Providers | +11.1% | -0.4% |
| Sep 17, 2026 | SurgePays and LowWeeklyPayments Sign Joint Venture LOI as Smartphone Rent-to-Own Program Scales Past 100 Dealers | +8.9% | +1.1% |
| Sep 11, 2026 | SurgePays Sells ClearLine Apps Engagement Platform for $27.5 Million in Consideration | +5.2% | +0.9% |
| Aug 14, 2026 | SurgePays Reports Q2 2026 Revenue Growth of 40.7% Year-Over-Year to $16.2 Million, Reports Positive Net Income of $1.29 Million | +14.4% | -0.2% |
| Aug 11, 2026 | SurgePays Reports 23% Month-Over-Month Growth in Smartphone Rent-to-Own Program, Reaching $176,000 in July Retail Sales | -0.2% | -0.3% |
| Aug 6, 2026 | SurgePays Expands Prepaid Wireless Distribution with Formation of Redline Wireless Group Across 20,000 Plus Dealers, Targeting More Than 1 Million Subscribersand 1 other headline that session | +45.5% | -0.2% |
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Advertising
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