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TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, June 28, 2017 /CNW/ - First Global Data
("First Global" or the "Company") is pleased to advise that its
wholly owned US subsidiary, First Global Money Inc., has obtained
its Money Transmitter license for the State of Michigan, USA.
According to Wikipedia: "Michigan is the tenth most
populous of the 50 United
States." With the ongoing license application process, the
Company is working toward being licensed in all US States by the
end of Q3 2017.
The Company is also pleased to announce that it has
enhanced its mobile payment offering by adding a unified chat
interface for transactions. This is a high level artificial
intelligence capability wherein words and abbreviations are
interpreted so customers can "chat to transact".
Artificial intelligence is part of the new technology wave
as exemplified by Google, Amazon and Apple who have created their
own version of a virtual assistant. Our chatbot will offer a single
chat window interface for ease of use thereby saving time and
offering convenience. Chatting will enable the completion of
numerous tasks.
Customers in India are
now able to perform the following services through this interactive
chat response capability:
- P2P Transfer
- Mobile Recharge
- Bill Payments
- Bus Ticketing
- Cab Booking
- Hotel Booking
- Air Ticketing
- Offers
- Food Ordering
- Home Services such as Laundry
- Events & Activities
- Rail Ticketing
- Rail Food Ordering
- Healthcare- Doctor Appointments & Medicine
Delivery
- Movie Ticketing
- Home Services – Repairs, Handyman, Beauty
Services
First Global will add this artificial intelligence for
"chat to transact" capability to its other international mobile
payment deployments.
"The addition of the Michigan license is an important milestone for
the Company as it is the first new license obtained since our
decision to refocus on expanding our reach across the USA. Our Compliance team continues to work
closely with our US regulators with the objective of achieving full
coverage across the USA this year.
Each new license provides the opportunity for our Company to
increase transactional revenues. We are also very pleased with the
addition of the interactive chat service to our mobile platform.
This service equips us to more aggressively penetrate the huge
population of social messaging users which has been a key part of
our going forward strategy", commented Andre Itwaru, Chairman and CEO of First
Global.
About First Global: (www.firstglobaldata.com)
First Global is an international financial services
technology ("FINTECH") company. The Company's two main lines of
business are mobile payments and cross border payments. First
Global's proprietary leading edge technology enables the
convergence of compliant domestic and cross border payments,
shopping, Peer to Peer ("P2P"), Business to Consumer ("B2C"), and
Business to Business ("B2B") payments. First Global enables its
strategic partners and clients around the world with our leading
edge financial services technology platform.
Caution:
Neither TSX Venture
Exchange Inc. ("TSXV") nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
The securities offered have not been registered under
the U.S. Securities Act of 1933, as amended, and may not be offered
or sold in the United States
absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute
an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of the securities offered in any jurisdiction in
which such offer, solicitation or sale would be
unlawful.
Forward Looking
Information:
This news release contains
"forward-looking information" within the meaning of applicable
securities laws. Although First Global believes in light of the
experience of its officers and directors, current conditions and
expected future developments and other factors that have been
considered appropriate, that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because First Global can give no assurance
that they will prove to be correct. Readers are cautioned to not
place undue reliance on forward-looking information. Actual results
and developments may differ materially from those contemplated by
these statements. The statements in this press release are made as
of the date of this release. First Global undertakes no obligation
to comment on analyses, expectations or statements made by
third-parties in respect of First Global, its securities, or
financial or operating results (as applicable). First Global
disclaims any intent or obligation to update publicly any
forward-looking information, whether as a result of new
information, future events or results or otherwise, other than as
required by applicable securities laws.
SOURCE First Global Data Limited