MOBI724 Asia, a Subsidiary of MOBI724 Global Solutions, Begins Commercial Operations With a First Sponsor Bank in the Philipp...
May 10 2018 - 12:46PM
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”)
(TSX-V:MOS) (OTCQB:MOBIF), a global Fintech company, offering a
fully integrated suite of multiple Payment Card-linked, Digital
Marketing and Business Intelligence Solutions is pleased to
announce that it started live processing of EMV payment
transactions in the Philippines. After a rigorous certification
process with BancNet, the largest interbank and payment processing
network in the country, MOBI724 and one of its distribution
partners are launching commercial operations with their first
sponsor bank for EMV Debit payment transactions.
Marcel Vienneau, the CEO of MOBI724, said: "We
are very pleased to launch our first commercial EMV payment
transaction processing operation in the Philippines. All of our
efforts will now be geared towards a rapid deployment. We are
pursuing similar agreements with other banks, and we will add more
products and solutions such as credit card transactions, and new
innovative solutions currently in certification mode as our
operations accelerate. We are focused on increasing our footprint
in this country, and are fully committed to exploring the
significant opportunities in collaboration with our existing
distributors network in the Asia Pacific region.”
About MOBI724 Global Solutions
Inc.
“We enable smart transactions anywhere”
MOBI724, a global Fintech company, offers a
fully integrated suite of multiple Payment Card-linked, Digital
Marketing and Business Intelligence Solutions, which work with any
payment card, on any mobile device and at any Point of Sale; and a
mobile EMV compliant payment platform. MOBI724 provides turn-key
solutions for card associations, card issuers, banks, retailers,
manufacturers, offer providers, to create, manage, deliver and
track and measure incentive campaigns worldwide in real time. The
company captures value from big data to deliver seamless and
personalized user experiences for the benefits of all parties in
the ecosystem. MOBI724 headquarters are in Montreal, Canada, and
the company presently has operations in North and Latin America,
the Caribbean and Asia Pacific.
Legal Disclaimer
Certain statements in this document, including
those which express management’s expectations or estimations with
regard to the Company’s future performance, constitute
“forward-looking statements” as understood by applicable securities
laws. Forward-looking statements are, of necessity, based on a
certain number of estimates and hypotheses; while management
considers these to be accurate at the time they are expressed, they
are inherently subject to significant uncertainties and risks on
the commercial, economic and competitive levels. We advise readers
that these forward-looking statements are subject to risks,
uncertainties, and other known and unknown factors that may cause
the actual results, performance or achievements of the Company to
be materially different from any future results, performance or
achievements expressed or implied in these forward-looking
statements. Investors are advised to not rely unduly on the
forward-looking statements. This advisory applies to all
forward-looking statements, whether expressed orally or in writing,
attributed to the Company or to any individual expressing them in
the name of the Company. Unless required by law, the Company is
under no obligation to publicly update these forward-looking
statements, whether to reflect new information, future events, or
other circumstances.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release does not constitute a
solicitation to buy or sell any securities in the United
States.
For further information, please visit www.MOBI724.com or
contact:
Investor Relations:Mr. Andreas
CurkovicProconsul Capital Ltd.T: 416-577-9927; E:
andreascurkovic@sympatico.ca
Mr. Derek LindsayMOBI724 Global Solutions Inc.Chief Financial
OfficerT: 514-394-5200; E: derek.lindsay@mobi724.com
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