$SURG $AMOD Alpha Modus and SurgePays Unite to Target the Over 100 Million Subprime and Underserved Consumers Driving America’s Prepaid Economy
https://www.globenewswire.com/news-release/20...onomy.html
CORNELIUS, N.C. and BARTLETT, Tenn., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Alpha Modus Financial Services, LLC (“AMFS”), a division of Alpha Modus Holdings, Inc. (“Alpha Modus”) (NASDAQ: AMOD), and SurgePays, Inc. (NASDAQ: SURG), a wireless and fintech technology company connecting subprime and underserved consumers to essential mobile and financial services, today announced the signing of a Letter of Intent (the “LOI”) to establish a commercial integration and distribution partnership. This strategic alliance is designed to expand financial access, enhance in-store engagement, and deliver a modern suite of digital services to subprime and underserved consumers nationwide.
Addressing the Needs of the Underserved
Per the National Association of Convenience Stores, more than 100 million Americans visit convenience stores, wireless dealers, and small merchants each month for essential services. Many of these consumers are historically underserved, relying on prepaid mobile services, government assistance programs, or cash-based transactions.
Through this partnership, Alpha Modus and SurgePays aim to create one of the most extensive distribution channels in America by leveraging SurgePays’ retail footprint of over 8,000 independent merchants and positioning to drive expansion into up to 100,000 retail locations.
Integration of Alpha Cash
Central to this collaboration is the integration of the forthcoming AMFS digital wallet, “Alpha Cash.” This partnership should allow the financially underserved to cash checks, pay bills, transfer funds, reload prepaid mobile accounts, and purchase prepaid cards and event tickets directly through Alpha Cash.
“SurgePays reaches the exact consumer we built Alpha Cash for: the shopper who walks into a store every week, but is disconnected from financial inclusion,” stated Chris Chumas, Chief Strategy Officer of Alpha Modus. “Our partner’s growth is impressive and the prospect of having Alpha Cash pre-loaded on 3,000 new devices per day presents significant opportunity. The partnership is aimed to establish an operating framework that supports Alpha Modus’ commercialization efforts, expand Alpha Cash’s deployment footprint, and enable a measurable outcome in communities with limited access to financial services.”
Strategic Implementation
Under the LOI, the companies will primarily integrate, pre-load, and promote Alpha Cash as the primary financial services partner within SurgePays’ assets, including:
ProgramBenefits.com and the ClearLine POS marketing platform.
SurgePays digital intake flows and wireless signup workflows (Torch, LinkUp, Lifeline, etc.)
SurgePays consumer-facing benefit enrollment or prepaid activation platforms.
Brian Cox, CEO of SurgePays, stated, “A financial services partner is a core component of our accelerated growth strategy. Over the past 15 years, we have activated millions of wireless customers, and our next phase of scale is centered on materially improving customer economics by monetizing the moment of enrollment, when consumer intent and engagement are at their highest. This partnership with Alpha Modus advances that strategy by allowing us to layer complementary financial services directly into the sign-up experience, expanding monetization per customer while increasing the efficiency of how we acquire and serve the subprime and underserved consumer. Positioning Alpha Cash as a high value financial service on ProgramBenefits.com enables us to generate incremental revenue from existing traffic and sign-ups, driving improved unit economics, faster payback periods, and a more scalable customer acquisition model.”
Mr. Cox continued, “The strength of this collaboration lies in the leverage it creates across both platforms. Alpha Modus gains immediate access to our national distribution spanning wireless, retail, and point of sale, while SurgePays unlocks additional monetization layers that integrate directly into our consumer engagement and customer acquisition workflows. This approach reflects our strategy of driving scalable growth through our own distribution and lead generation platforms.”
Technical Synergy and Future Steps
The LOI outlines a joint plan to integrate SurgePays’ nationwide Top-Up and benefits-enrollment platforms with the Alpha Cash mobile wallet, as well as co-deploy SurgePays’ ClearLine POS engagement technology across the AMFS merchant network.
The collaboration combines SurgePays’ reach into underbanked communities with Alpha Modus’ patented real-time, closed-loop operating framework: Sense → Decide → Deliver → Attribute, creating new pathways for financial empowerment and retailer growth.
Both companies will now work toward definitive agreements covering technical integration, pricing, revenue-sharing models, and a pilot deployment with select AMFS merchants.
https://www.globenewswire.com/news-release/20...onomy.html
CORNELIUS, N.C. and BARTLETT, Tenn., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Alpha Modus Financial Services, LLC (“AMFS”), a division of Alpha Modus Holdings, Inc. (“Alpha Modus”) (NASDAQ: AMOD), and SurgePays, Inc. (NASDAQ: SURG), a wireless and fintech technology company connecting subprime and underserved consumers to essential mobile and financial services, today announced the signing of a Letter of Intent (the “LOI”) to establish a commercial integration and distribution partnership. This strategic alliance is designed to expand financial access, enhance in-store engagement, and deliver a modern suite of digital services to subprime and underserved consumers nationwide.
Addressing the Needs of the Underserved
Per the National Association of Convenience Stores, more than 100 million Americans visit convenience stores, wireless dealers, and small merchants each month for essential services. Many of these consumers are historically underserved, relying on prepaid mobile services, government assistance programs, or cash-based transactions.
Through this partnership, Alpha Modus and SurgePays aim to create one of the most extensive distribution channels in America by leveraging SurgePays’ retail footprint of over 8,000 independent merchants and positioning to drive expansion into up to 100,000 retail locations.
Integration of Alpha Cash
Central to this collaboration is the integration of the forthcoming AMFS digital wallet, “Alpha Cash.” This partnership should allow the financially underserved to cash checks, pay bills, transfer funds, reload prepaid mobile accounts, and purchase prepaid cards and event tickets directly through Alpha Cash.
“SurgePays reaches the exact consumer we built Alpha Cash for: the shopper who walks into a store every week, but is disconnected from financial inclusion,” stated Chris Chumas, Chief Strategy Officer of Alpha Modus. “Our partner’s growth is impressive and the prospect of having Alpha Cash pre-loaded on 3,000 new devices per day presents significant opportunity. The partnership is aimed to establish an operating framework that supports Alpha Modus’ commercialization efforts, expand Alpha Cash’s deployment footprint, and enable a measurable outcome in communities with limited access to financial services.”
Strategic Implementation
Under the LOI, the companies will primarily integrate, pre-load, and promote Alpha Cash as the primary financial services partner within SurgePays’ assets, including:
ProgramBenefits.com and the ClearLine POS marketing platform.
SurgePays digital intake flows and wireless signup workflows (Torch, LinkUp, Lifeline, etc.)
SurgePays consumer-facing benefit enrollment or prepaid activation platforms.
Brian Cox, CEO of SurgePays, stated, “A financial services partner is a core component of our accelerated growth strategy. Over the past 15 years, we have activated millions of wireless customers, and our next phase of scale is centered on materially improving customer economics by monetizing the moment of enrollment, when consumer intent and engagement are at their highest. This partnership with Alpha Modus advances that strategy by allowing us to layer complementary financial services directly into the sign-up experience, expanding monetization per customer while increasing the efficiency of how we acquire and serve the subprime and underserved consumer. Positioning Alpha Cash as a high value financial service on ProgramBenefits.com enables us to generate incremental revenue from existing traffic and sign-ups, driving improved unit economics, faster payback periods, and a more scalable customer acquisition model.”
Mr. Cox continued, “The strength of this collaboration lies in the leverage it creates across both platforms. Alpha Modus gains immediate access to our national distribution spanning wireless, retail, and point of sale, while SurgePays unlocks additional monetization layers that integrate directly into our consumer engagement and customer acquisition workflows. This approach reflects our strategy of driving scalable growth through our own distribution and lead generation platforms.”
Technical Synergy and Future Steps
The LOI outlines a joint plan to integrate SurgePays’ nationwide Top-Up and benefits-enrollment platforms with the Alpha Cash mobile wallet, as well as co-deploy SurgePays’ ClearLine POS engagement technology across the AMFS merchant network.
The collaboration combines SurgePays’ reach into underbanked communities with Alpha Modus’ patented real-time, closed-loop operating framework: Sense → Decide → Deliver → Attribute, creating new pathways for financial empowerment and retailer growth.
Both companies will now work toward definitive agreements covering technical integration, pricing, revenue-sharing models, and a pilot deployment with select AMFS merchants.
