SurgePays Signs Agreement with Etime system for $48 Million in Annual Prepaid Wireless Purchase Volume

SurgePays secures a $48 million prepaid wireless deal with Etime system, now live.

What the company is saying

SurgePays, Inc. is announcing a binding prepaid wireless agreement with Zulie Venture Inc. dba Etime system, highlighting a minimum $48 million purchase commitment over the first year and a $4 million monthly floor. The company frames this as a testament to the reliability and scalability of its platform, with CEO Brian Cox emphasizing that Etime system's written commitment reflects confidence in SurgePays' infrastructure. The announcement stresses that new transaction volume is already flowing through SurgePays POS as of early October, signaling immediate operational impact. Etime system, through CEO Parvez Jasani, positions the deal as critical to meeting merchant demand for reliable prepaid wireless and fast transactions, and signals intent to grow its prepaid wireless business. The agreement automatically renews each year at the same minimum, suggesting a recurring revenue stream. SurgePays also underscores its broader capabilities, including its GrowthLine platform and ownership of the LinkUp Mobile brand. The release leverages Etime system’s and CellPay’s scale—over 1,000 retail locations, $1 billion in lifetime transactions, and 25,358% three-year revenue growth—as evidence of partner credibility. The tone is confident and forward-looking, but does not provide detail on the anticipated net revenue or profit impact for SurgePays.

What the data suggests

The agreement obligates Etime system to purchase at least $48 million in prepaid wireless airtime, top-up, and refill transactions from SurgePays between October 1, 2026 and September 30, 2027, with a hard minimum of $4 million per month. The contract is already operational, having begun in early October 2026, and is structured to renew automatically at the same minimum commitment each year. Etime system serves more than 1,000 retail merchant locations nationwide, and its CellPay brand has processed over $1 billion in lifetime transaction volume for nearly six million consumers. CellPay achieved 25,358% three-year revenue growth and ranked No. 5 on the 2020 Inc. 5000. The figures disclosed represent gross transaction volume, not net revenue or profit to SurgePays, and the company explicitly cautions that recognized revenue and gross profit from this volume may be significantly lower. There is no disclosure of SurgePays' own historical or current financial results, so the materiality of this agreement relative to its existing operations cannot be assessed. The data is detailed on contract terms and partner scale, but does not allow for analysis of margin, profitability, or comparative growth for SurgePays.

Analysis

The announcement is upbeat, highlighting a significant prepaid wireless agreement with a $48 million minimum commitment over one year and a $4 million monthly minimum. The deal is already generating new transaction volume for SurgePays POS as of early October, indicating immediate operational impact. However, the figures disclosed represent transaction volume, not net revenue or profit, and there is no disclosure of SurgePays' own profitability or margin metrics. Several claims, such as the reliability of the platform and the value to merchants, are qualitative and not substantiated with objective evidence. The tone is somewhat inflated by referencing partner accolades and historical growth, which, while impressive, do not directly translate to SurgePays' financial performance. The gap lies in the absence of data on how this agreement will affect SurgePays' bottom line or overall business scale.

Risk flags

• ●The $48 million and $4 million monthly minimums represent purchase volume, not guaranteed revenue or profit for SurgePays. The company warns that net revenue and gross profit recognized from this volume may be significantly lower, so investors cannot directly translate these figures into financial impact.
• ●The agreement’s automatic renewal is contingent on continued performance and mutual satisfaction. There is no guarantee that Etime system will meet its monthly or annual commitments, or that the contract will renew, introducing execution and counterparty risk.
• ●No disclosure is provided on SurgePays' historical financials, margins, or the relative scale of this agreement to its existing business, making it difficult to assess whether the deal is transformative or incremental. This lack of context limits the ability to gauge the true materiality and risk profile.

Bottom line

SurgePays has landed a binding, high-volume prepaid wireless contract with Etime system, guaranteeing at least $48 million in transaction volume over the coming year and a $4 million monthly minimum, with the deal already live as of October 2026. Etime system’s scale and track record—over 1,000 retail locations and $1 billion in processed transactions—suggest the counterparty is credible and capable of meeting these commitments. However, the figures represent gross purchase volume, not net revenue or profit, and SurgePays cautions that the actual financial benefit will be much lower than the headline numbers. The absence of SurgePays’ own revenue, margin, or baseline operating figures means investors cannot determine whether this agreement is a step change or a modest addition to existing business. The most important takeaway is that while the contract is real and operational, its true impact on SurgePays’ financials remains unquantified. Investors should watch for future disclosures that break out recognized revenue and margin attributable to this agreement.

Announcement summary

(NASDAQ:SURG) SurgePays, Inc. announced a prepaid wireless agreement with Zulie Venture Inc. dba Etime system, a payments network serving more than 1,000 retail locations nationwide. Under the Agreement, Etime system has committed to purchase at least $48 million in prepaid wireless airtime, top-up, and refill transactions from SurgePays over the initial term from October 1, 2026 through September 30, 2027, with a minimum of $4 million per month. These amounts represent prepaid wireless purchase volume. The Agreement automatically renews each year at the same minimum commitment. The new volume from this agreement began operating in early October and generates additional transactions for SurgePays POS, the company’s retail sales and payments business at neighborhood stores. Brian Cox, Chief Executive Officer of SurgePays, stated that Etime system’s $4 million monthly minimum commitment reflects the reliability of SurgePays’ platform and that the new volume is already running, adding transactions to existing infrastructure. Parvez Jasani, Founder and CEO of Zulie Venture Inc., commented that the agreement supports their merchants’ need for reliable prepaid wireless products and fast transaction processing, and reflects confidence in the partnership. SurgePays provides partners with carrier access, technology, payments, customer care, compliance, and daily operations through its GrowthLine platform, and also owns LinkUp Mobile, its own prepaid wireless brand. Zulie Venture Inc., operating as Etime system and CellPay, serves more than 1,000 retail merchant locations nationwide and has processed more than $1 billion in lifetime transaction volume for nearly six million consumers. CellPay ranked No. 5 overall on the 2020 Inc. 5000 with 25,358% three-year revenue growth.

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