RevoluGROUP Canada Inc.
(TSX-V:
REVO),
(Frankfurt: IJA2) (the "Company")
is pleased to announce that it has officially launched
RevoluTRANSFER, arguably its most anticipated revenue vertical to
date. Leveraging our EU PSD2 banking license, United States MSB II,
Canadian FINTRAC, passporting approval, and contractual financial
partnerships, the new revenue vertical permits instant worldwide
transfers of up to 3 million EUR, or the foreign currency
equivalent, from four initial currencies, $CA, USD, EUR, GBP to an
initial Phase 1 group of 76 countries and territories guaranteeing
some of the world's lowest FOREX rates and fees for cross-border
transfers. The Company likewise launched "RevoluPAY Visa Instant"
no-hassle prepaid cards for remittances, remittance vendors, and
wholesale distribution.
About RevoluTRANSFER
Since November 2nd, 2020, the Company
anticipated the launch of a groundbreaking Forex-focused
cross-border transfer platform to compete directly with high street
banks and other industry players such as XE.com, Wise.com, and
others. The immense success of RevoluSEND has revolutionized the
sending and receiving of low-cost family remittances and personal
transfers to 116 countries of up to 3,000 Euros. RevoluTRANSFER
takes the Company's disruptive banking technology one step further
by launching a sister platform focused on more significant
transactions, from 3000 euros to 3,000,000 Euros (or $CA, USD, EUR,
GBP equivalent). RevoluTRANSFER is the commanding catalyst for
RevoluREALTY and upcoming Real Estate sector White-Labels providing
low forex rates and fees to those buying property overseas with the
lowest possible currency exchange rates, including immediate
settlement of international multicurrency transfers. Likewise,
corporate revenue vertical RevoluFIN and RevoluEX may now execute
large individual transactions instantly, especially useful in both
an eventual lending environment or the offramp scenarios required
by DCE ("Digital Currency Exchanges") to convert significant
quantities of cryptocurrency back into FiAT currency and then
transfer those funds across borders effortlessly. Furthermore,
RevoluTRANSFER manages international cash flow, mitigates risk, and
maximizes overseas opportunities for small, medium, and large
businesses transacting across borders in multiple currencies.
Phase One RevoluTRANSFER Launch
Countries
From today, RevoluTRANSFER users may transfer
funds from 4 source currencies $CA, USD, EUR, and GBP to Local
currencies or the Euro for instantaneous transactions in Albania,
Andorra, Austria, Azerbaijan, Bahrain, Belarus, Belgium, Bosnia and
Herzegovina, Brazil, Bulgaria, Costa Rica, Croatia, Cuba, Czech
Republic, Denmark, Dominican Republic, El Salvador, Estonia, Faroe
Islands, Finland, France, Georgia, Germany, Gibraltar, Greece,
Greenland, Guatemala, Hungary, Iceland, Iraq, Ireland, Israel,
Italy, Jordan, Kazakhstan, Kosovo, Kuwait, Latvia, Lebanon,
Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Mauritania,
Mauritius, Moldova, Monaco, Montenegro, Netherlands, Norway,
Pakistan, Palestinian Territory, Poland, Portugal, Qatar, Romania,
Saint Lucia, San Marino, Sao Tome and Principe, Saudi Arabia,
Serbia, Seychelles, Slovakia, Slovenia, Spain, Sweden, Switzerland,
Timor-Leste, Tunisia, Turkey, Ukraine, United Arab Emirates, United
Kingdom, British Virgin Islands.
Phase Two countries should be on stream by
August 31st and include notable inbound destinations such as the
USA, Canada, Mexico, Japan, China, and other countries.
Additionally, Phase Two includes increased source currencies to
broaden the platform's international appeal.
Competitor Comparison
Fintech companies have been challenging high
street banks in recent years, eating away specific core segments of
their business. One was the lucrative Forex margin spread on
cross-border wire transfers and associated transfer fees. These
challengers, such as Wise.com, XE.com, and CurrenciesDirect.com
have solely focused on cross-border currency payments, touting
their offers as the lowest Forex rates and fees for sending
currency across borders. RevoluTRANSFER now enters the fray,
beating the high street banks and the challenger banks
above-mentioned, as the attached comparison demonstrates, in a
sample transaction sending 300,000 euros in Canadian dollars.
RevoluTRANSFER aims squarely at large cross-border payments while
also partnering with specific businesses that perform substantial
cross-border single transaction sums, such as Real Estate Brokers,
Shipping Companies, Free Zone Operators, Multinational Companies,
etc.
RevoluPAY Visa Instant
Launched
The Company has identified a significant
marketplace to issue prepaid Visa Cards to individual users and
wholesalers. From today RevoluPAY App users in certain
jurisdictions will see an option to order from 1 to 30 "RevoluPAY
Visa Instant" prepaid Visa Cards in either anonymous flat silver
non-branded format or standard RevoluPAY red livery. The launch of
the RevoluPAY Visa Instant prepaid Visa Cards responds to demands
for a simple prepaid card distributable in bulk by wholesale
vendors to a growing number of international users who seek a
simple disposable single recharge Visa Card up to 250 euros.
RevoluPAY Visa Instant prepaid Visa Cards are handled identically
to the standard RevoluPAY Visa Card, in so much as the statement of
transactions and current balance available is visible on a specific
platform displaying said data on each card issued. Resellers can
purchase, add funds to the cards and distribute them at liberty,
increasing the number of cards in circulation while improving
market penetration in specific markets, such as the elderly,
non-tech-savvy, or those without a mobile phone.
Additionally, the Company expects to launch
RevoluCARD.com in the coming weeks, a website to encourage broader
marketing of multiple RevoluPAY Visa card options, including vanity
cards, third-party branded corporate cards, and an array of special
limited series RevoluPAY cards with varying distinct advantages.
Given the upcoming primary card issuer status, the Company is
expanding into a direct card issuer to the masses. RevoluCARD.com
will include white-label arrangements, co-branding, vanity cards,
prepaid designer cards, reloadable gift cards, fidelity store
cards, and other sectors such as apple/android compatible NFT
Design sponsored virtual Visa cards.
Links Used in this News
Release.
RevoluTRANSFER - https://revolutransfer.com/
RevoluSEND - https://revolusend.com/ RevoluREALTY -
https://revolurealty.com/ RevoluFIN -
https://revolufin.com/RevoluEX - https://revoluex.com/ Comparison
XE, Wise, RevoluTRANSFER - https://docdro.id/EkjwA4TRevoluCARD.com
- http://www.revolucard.com/
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 189,607,876
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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