RevoluGROUP Canada Inc. RevoluPAY Commences Airbnb Processing and Ukraine Fee Free Remittances
February 25 2022 - 8:00AM
RevoluGROUP Canada Inc.
(TSX-V:
REVO),
(Frankfurt: IJA2) (the "Company")
is pleased to announce that RevoluPAY EP S.L. has begun processing
Airbnb (Nasdaq: ABNB) payments. RevoluSEND and white label partners
to offer "fee-free" remittances in support of the people of
Ukraine.
RevoluPAY Adds
Airbnb Processing
RevoluPAY has added Airbnb to its payment
clearance services. Airbnb now joins Expedia, Booking Holdings,
Booking.com, Priceline.com, Kayak.com, and Agoda.com, whose
payments RevoluPAY has been processing since early 2020 but that
had ceased due to COVID19. Airbnb has 5.6 million active listings
in 220 countries and 100,000 cities. 150 million people use Airbnb
to book vacation stays or experiences (Data: TheZebra.com). The
unaudited turnover from an initial processing trial of Airbnb
payments ascends to 57,801 euros (approx. CA$ 82,927). When
processing Airbnb starts at full potential, allied to the
post-covid restart in travel, the Company expects this to be a
significant revenue source.
Ukraine
Fee-Free Remittances
In support and solidarity of the people of
Ukraine, the Company has chosen to provide "fee-free" RevoluSEND
remittance services to Ukraine from today until further notice.
RevoluPAY
Completes Share Capital
Increase
RevoluPAY EP S.L. successfully achieved the
paid-up share capital increase to a total of 1,615,000 Euros
(approx. 2,336,726 $CA) on the 24th of February 2022. This
important advent now clears the way for RevoluPAY EP S.L. to
conclude the final steps with the top 4 worldwide card issuer. The
Company expects to inform its shareholders of the affiliate member
card issuer/acquirer status soon.
Links Used in this News
Release.
Airbnb - https://www.airbnb.com/ RevoluSEND -
https://revolusend.com/ Airbnb Host Data -
https://tinyurl.com/4h6bdnb7 RevoluPAY Institution 6900 -
https://tinyurl.com/5ymmkayh
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 licensed United States MSB, 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 186,419,692
shares issued and outstanding.
RevoluGROUP Canada,
Inc.
"Steve Marshall" ______________________STEVE
MARSHALLCEO
For further information, contact:RevoluGROUP
Canada Inc.Telephone: (604) 332 5355Email: 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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