Hong Kong, China -- November 07, 2017 -- InvestorsHub NewsWire
-- Weyland Tech, Inc. (OTCQX: WEYL) ("Weyland" or "Company"), a
provider of mobile business applications, announced updates on the
progress of its mobile wallet initiative first discussed on
November 2, 2017.
"I am quite pleased with the rapid progress we are making with
our mobile wallet development. This is one of our largest
initiatives and is going to impact every area of the Company's
operations," declared Brent Suen, Weyland's CEO, on the update. Mr.
Suen continued, "Developing the mobile wallet platform will be a
revenue driver in its own right and also by enabling transactions
throughout CreateApp. The team we have secured has a track record
of enabling over $100 Million in payments. Given Worldpay's projections of $10
billion in mobile ecommerce growth through 2021 in Indonesia
alone (select Indonesia), we believe Weyland's 'AtozPay,'
based on superior QR codes will do similarly well to the team's
previous efforts."
"We are starting with AtozPay in Indonesia because the market is
highly fragmented and the Emerging Asia region is the
epicenter of digital payments growth. As an addition to
CreateApp, the mobile wallet functions will enable transactions on
the platform and we expect that to be an additional revenue driver
separate from the standalone AtozPay platform we announced last
week," concluded Mr. Suen.
Weyland Tech has acquired a complete team in Jakarta that
includes developers, marketing and sales, sales support and a
general manager with 22 years of experience in tech project
management to comprise the AtozPay team. The group based out of
Jakarta developed a complete mobile payments solution over the
course of 14 months and advanced from $0 to $100 million in top
line revenue.
"We are excited to be able to keep this team together; their
previous project was a scratch card based mobile system. This new
project will be QR code based in line with what we are seeing in
mobile wallets throughout the region," noted Weyland's COO Eddie
Foong.
"We have been fortunate that the team has been working on the
wallet while we were in negotiations for them to come on board, so
we are also able to provide a first look at the front end today,"
added Mr. Foong.
Weyland looks forward to providing additional updates as the
platform progresses.
About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets.
Our CreateApp platform offered in 12 languages, enables small and
medium sized businesses ("SMB's") to create native mobile
applications ("APP") for Apple's iOS and Google Android without
technical knowledge or background. Empowering SMB's to increase
sales, reach more customers and promote their products and services
via simple easy to build mobile APPs in an affordable and
cost-effective manner.
Follow Weyland Tech online at:
Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL)
Safe Harbor Statement
This release contains certain "forward-looking statements" relating
to the business of the Company. All statements, other than
statements of historical fact included herein are "forward-looking
statements" including statements regarding: the continued growth of
the e-commerce segment and the ability of the Company to continue
its expansion into that segment; the ability of the Company to
attract customers and partners and generate revenues; the ability
of the Company to successfully execute its business plan; the
business strategy, plans, and objectives of the Company; and any
other statements of non-historical information. These
forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions and involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks, and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this news release. The Company's actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that
are filed with the Securities and Exchange Commission and available
on its website (http://www.sec.gov). All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
any duty to update these forward-looking statements.