RevoluGROUP Canada Inc. (TSX-V:
REVO),
(Frankfurt: IJA2) (the "Company")
is pleased to announce an update.
- Bizum EU Wallet Load Launched
- Top Tier Card Issuer Negotiations
- RevoluSEND White Label Partner
- DCE White Labels
Bizum EU Wallet Load
Further to the news release dated the
1st of June 2021, the Company has successfully integrated
Bizum E-Wallet RevoluPAY on iOS and Android from midnight 9th
August 2021. RevoluPAY users may now download the updated app
featuring Bizum Integration. Bizum is a joint technology
partnership between 24 banks to allow seamless transfer of funds to
and from the Bizum ecosystem, of which RevoluPAY as institution
6900 is now affiliated. Bizum currently has approximately 15.5
million users across Europe, all of which can now load funds to
RevoluPAY directly, having received advice of RevoluPAY integration
via their native app.
Top Tier Card Issuer
Negotiations
The Company is pleased to announce that
negotiations with one of the world's top four payment card issuers
are approaching fruition. The Company expects to finalize the
agreement imminently. The proposed agreement allows RevoluPAY to
become the primary card issuer of multicurrency payment cards both
for RevoluPAY users and third-party white-label derived
partnerships. Desirable within the revised agreement is the ability
of users to load RevoluPAY funds onto their credit or debit cards
issued by any bank or those of third parties anywhere in the world.
In addition, the revised agreement includes an eventual direct
liaison between the proposed primary issuer license and our DCE
partners, in which RevoluPAY would be the principally licensed
party for card issuance. RevoluPAY would also be permitted to issue
and manage all financial matters for branded cards issued to third
parties. These negotiations remain subject to a binding
non-disclosure agreement ("NDA"). The Company hopes to finally
inform shareholders of the positively revised agreement and card
issuer partner very soon.
RevoluSEND White Label
Partner
Further to the news release dated the 15th
of June 2021 the Company has successfully submitted the completed
white-label platform, which the partner has approved. The partner
plans to launch the platform under their own brand before the end
of August. Shareholders will be informed of the brand and launch
via republication of the official partner news release on the day
it occurs. The white-label platform offers remittance deliveries
into Mexico, Brazil, Argentina, Colombia, Chile, Dominican
Republic, Bolivia, Ecuador, Guatemala, Honduras, Nicaragua, Peru,
Paraguay, Venezuela and Uruguay. These markets are those specified
by the partner, having defined countries in which they maintain
significant user leverage. As with all such licensing, the
RevoluPAY PSD2 banking license and superior KYC and AML protections
sustain all financial cashflows.
DCE White Labels
Further to the news release dated the
1st of June 2021 the Company expects to launch its first
white-label of the enhanced RevoluEX powered platform for
DCE partners in September. Significant expansion changes are
underway as the crypto sector matures, bringing with it
ever-increasing scopes of synergies that markedly evolve previous
accords. The close correlation between the underlying agreement
with the top four payment card issuers and future synergies
invariably interlink multiple facets of the DCE white-label
launches. However, shareholders should expect a successful launch
in September, linked to sizable DCE user uptake.
Management Rescheduled Trip to the
United Kingdom
Further to the news release dated the 14th
of June 2021, and due to constantly changing UK COVID travel
restrictions, Mr. Marshall has rescheduled his trip to the United
Kingdom four times. However, U.K. government changes introduced on
the 8th of August have now permitted such a trip without
quarantine. Confirmed meetings commence on August 16th, and Mr.
Marshall's arrival in the U.K. on the 14th is now definitively
confirmed. During the week from 16th through 20th numerous meetings
are confirmed with certain financial institutions located in the
London Financial Center of Canary Wharf. The Company expects to
inform shareholders of the outcome of these meetings and underlying
agreements before the end of August.
Links Used in this News
Release.
Bizum https://bizum.es/en/
About RevoluPAY®
The Company's flagship Neobanking technology is
RevoluPAY®, the Apple and Android multinational payment app.
Conceived entirely in-house, RevoluPAY features proprietary,
sector-specific technology of which the resulting source code is
the Company's intellectual property. RevoluPAY's built-in features
include Remittance Payments, Forex, Crypto-to-fiat exchange, Retail
and Hospitality payments, Real Estate Payments, pay-as-you-go phone
top-ups, Gift Cards & Online Credits, Utility Bill payments,
Leisure payments, Travel Payments, etc. RevoluPAY employs
blockchain protocols and is squarely aimed at the worldwide
multi-billion dollar Open Banking sector and + $595 billion family
remittance market. RevoluPAY® is operated by the European
wholly-owned subsidiary RevoluPAY EP S.L situated in Barcelona.
RevoluPAY is a dual-licensed Canadian FINTRAC and European PSD2
payment institution 6900 under the auspices of E.U. Directive
2015/2366 with EU Passporting. RevoluGROUP Canada Inc. controls
five wholly-owned subsidiaries on four continents.
About RevoluGROUP
Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset,
multidivisional publicly traded Canadian Company deploying advanced
technologies in Banking, Mobile Apps, Money Remittance, Mobile
Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice
factoring, Online Travel, Vacation Resort, Blockchain Systems, and
Fintech app sectors. Click here to read more.
For further information on RevoluGROUP Canada
Inc. (TSX-V: REVO), visit the Company's website at
www.RevoluGROUP.com. The Company has approximately 174,980,592
shares issued and outstanding.
RevoluGROUP Canada, Inc.
"Steve Marshall" ______________________STEVE
MARSHALLCEO
For further information, contact:RevoluGROUP
Canada Inc.Telephone: (604) 332 5355Facsimile: (604) 687 3119Email:
info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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