iQSTEL Launches New Fintech Division, Expanding Product and Digital Financial Services Offerings for the Global Markets
September 29 2020 - 7:20AM
InvestorsHub NewsWire
New York, NY -- September 29, 2020 -- InvestorsHub
NewsWire -- iQSTEL Inc. (OTC:
IQST), today completed the official launch of its new Fintech
Division. This expansion will be synergistic with iQSTEL’s existing
Telco Division businesses while providing additional revenue stream
options via a global Business-to-Consumer model (B2C), serving
end-users around the
world.
Additional information
will be forthcoming, including our complete business plan and our
acquisition strategy that is independent from our Telco Division.
The initial target market is expected to include the immigrant
population around the world, a market sector we know well. Below is
a list of some of the products and services we are planning with
our new Fintech Division:
* Send money
domestically and internationally with low
fees.
* Send money via SMS
using our customized SMS service (smartphone not
required).
* Pay utility bills
with minimal payment fees (mobile, electricity, gas
services).
* VISA debit card
solution for easy access to funds, could be sent to their native
counties.
According to Global X
and Mauro F. Romaldini (TopTal), the Fintech industry is growing at
an almost exponential rate with over $500B in annual remittances
and over $1.5T in annual mobile
payments.
“The knowledge gathered
over the years through our Telco Division, along with strong
customer relations with the large mobile operators around the
world, has positioned iQSTEL to be the ‘point man’ between the
immigrant end-user population and global telecommunications
systems, a perfect setup for us to offer global FinTech products
and services,” stated Mr. Iglesias.
“Our current Telco
Divisions revenue stream is primarily generated from international
SMS (65%) and VoIP international long distance (30%). The
development of our Fintech Division tied in to our intricate
immigrant population consumers and knowledge was a given. Helping
this sector transact digitally with near instant delivery, as
compared to high risk cash transactions and travel requirements, is
expected to be a huge benefit to the immigrant consumer. We
continue to execute on our existing Telco Division business plans
and acquisition strategies with major updates coming soon,” Mr.
Iglesias, iQSTEL's CEO, concluded.
About iQSTEL
Inc.:
iQSTEL Inc (OTC:
IQST) www.iQSTEL.comis a US-based publicly listed company offering
leading-edge 21st Century Enhanced Telecommunications Services
with a focus on a wide range of cloud-based enhanced services to
the Tier-1 and Tier-2 carriers, corporate, enterprise, as well as
the retail market. iQSTEL through its subsidiaries Etelix,
SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, IoT Smart Gas
Platform, itsBchain offers a "one-stop-shopping” for international
and domestic VoIP services, IP-PBX services, SMS exchange for A2P
and P2P, OmniChannel Marketing, Internet of Things (IoT)
applications (IoT Smart Gas Platform), 4G & 5G international
infrastructure connectivity, as well as blockchain-based platforms:
Mobile Number Portability Application (MNPA) and Settlement &
Payments Marketplace for VoIP, SMS and
Data.
About
Etelix.com USA, LLC:
Etelix.com USA
LLC www.etelix.com is a wholly owned subsidiary of iQSTEL Inc.
Etelix.com USA, LLC is a Miami, Florida-based international telecom
carrier founded in 2008 that provides telecom and technology
solutions worldwide, with commercial presence in North America,
Latin America, and Europe. Enabled by its 214-license granted by
the Federal Communications Commission (FCC), Etelix provides
International Long-Distance voice services for Telecommunications
Operators (ILD Wholesale), and Submarine Fiber Optic Network
capacity for internet (4G and 5G). Etelix was founded in 2008 and
has been profitable since
inception.
About SwissLink
Carrier AG:
SwissLink Carrier
AG www.swisslink-carrier.com is
a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a
Switzerland based international Telecommunications Carrier founded
in 2015 providing international VoIP connectivity worldwide, with
commercial presence in Europe, CIS and Latin America. SwissLink
Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier
Customers direct terminations via SwissLink into all Switzerland
Fix & Mobile Networks. Since the takeover from Swissphone in
November 2018 and the rename into SwissLink, they operate on a
profitable level.
About QGlobal
SMS LLC.:
QGlobal SMS
LLC www.qglobalsms.com is
a 51% owned subsidiary of iQSTEL Inc. QGlobal SMS is a USA based
company and a commercial brand founded in 2020 specialized in
international and domestic SMS termination, with emphasis on the
Applications to Person (A2P) and Person to Person (P2P) for
Wholesale Carrier Market and Corporate Market in US. QGlobal SMS
has commercial presence in US, Mexico, Latin America, EMEA (Europe,
Middle East, Asia) and Africa, through our SMS service providers
based in Austin, TX and Miami, FL Our Austin-based SMS service
provider is specialized in the SMS traffic exchange between US and
Mexico, and our Miami-based SMS service provider is focused in the
development of Latin America and the rest of the world. QGlobal SMS
has robust international interconnection with Tier1 SMS
Aggregators, guarantying its customers high quality and low
termination rates, over more than 100 countries
worldwide.
About Alcyon
Cloud SMS S.A.S (Commercial Brand SMSDirectos.com ):
Alcyon Cloud SMS S.A.S.
(Commercial Brand SMSDirectos.com), is a whole subsidiary of QGlobal SMS, a
Colombian-based Application and Content Provider. Alcyon Cloud SMS
(SMSDirectos.com) is registered with the Secretary of Information
and Communication Technology (ICT) in Colombia, offering services
to government, enterprises, small and medium business, as well as
end-users. Using SMSDirectos’ existing network, they plan to expand
services from SMS to offer omnichannel products and services such
as: SMS, Emails, RCS (Rich Communications Services), Social Media
Channels (Whats App, Messenger, etc), WebRTC (Web Real-Time
Communication), VoIP (IP-PBX, SIP Trunking) ChatBots (Artificial
Intelligence Based), SMS to Email, and Email to
SMS.
About IoT Labs
MX SAPI:
IoT Labs MX
SAPI www.iotlabs.mx , a subsidiary of iQSTEL Inc, is an Internet
of Things (IoT) Mexican technology development company, creator of
the “IoT Smart Gas” Platform and Application. The IoT Smart Gas
platform www.iotsmartgas.com consists
of an IoT field device installed on the LP gas tank (adaptable to
virtually any gas or liquid storage tank) and, thanks to the
Internet of Things (IoT) technology via Sigfox or GSM network
connectivity, allows remote managed and improved logistic processes
of refilling, usage tracking and tank monitoring in real-time by
the Smart Gas mobile app. The new GSM tracking feature allows for
mobile use including ground, air, and sea tank
monitoring.
About itsBchain
LLC.:
itsBchain LLC www.itsBchain.com is a 75% owned subsidiary of iQSTEL Inc.
itsBchain is a blockchain technology developer and solution
provider, with a strong focus on the telecom sector. The
company is the final stage of development of a series of blockchain
solutions aimed at using the blockchain ledger and smart
contract solutions to enable more efficiency, quickness in
execution and fraud-prevention in the telco industry.
Specifically, the company is developing a solution that will enable
users and carriers to transfer mobile phone numbers with just a few
clicks, allowing users and carriers the ability to transfer
retail users from one mobile carrier to another
instantly. Additionally, the company is finalizing a
carrier-grade marketplace solution to procure payments between
carriers for cross-traffic of VoIP, SMS and data realtime as
traffic is crossed between carriers. This marketplace will
allow for instant payment settlement as well as the prevention of
fraud between carriers.
Safe Harbor
Statement: Statements in this news release may be
"forward-looking statements". Forward-looking statements include,
but are not limited to, statements that express our intentions,
beliefs, expectations, strategies, predictions or any other
statements relating to our future activities or other future events
or conditions. These statements are based on current expectations,
estimates and projections about our business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and are likely to, differ materially from
what is expressed or forecasted in forward-looking statements due
to numerous factors. Any forward-looking statements speak only as
of the date of this news release and iQSTEL Inc. undertakes no
obligation to update any forward-looking statement to reflect
events or circumstances after the date of this news
release.
iQSTEL
Inc.
IR US Phone:
646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL Inc. and
its subsidiaries:
www.iqstel.com ; www.etelix.com ; www.swisslink-carrier.com ; www.qglobalsms.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.itsBchain.com
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