RevoluGROUP Canada Inc.
(TSX-V:
REVO),
(Frankfurt: IJA2),
(Munich: A2PU92), (the "Company")
is pleased to announce that the Company continues its aggressive
international expansion with RevoluSEND now serving 133 Countries
and RevoluTRANSFER 103. Both platforms further incorporated 252
additional financial transaction alternatives, notably, in certain
countries, the ability to originate or send funds in alternative
currencies such as USD, CAD, and GBP, previously restricted to only
the EURO. Further enhancements include the deployment of SEPA
INSTANT across both platforms.
RevoluTRANSFER
International Expansion
On August 22nd, 2022, the Company launched the
RevoluTRANSFER revenue vertical permitting instant worldwide
transfers to 76 countries of up to 3 million EUR or the foreign
currency equivalent. The Company today adds 27 countries to the
world's most competitive transactional platform, including
Kazakhstan, Argentina, Australia, Chile, Cameroon, Colombia, Cape
Verde, Guadeloupe, French Guiana, Hong Kong, India, Japan, South
Korea, Mexico, Mali, Mozambique, Martinique, Malaysia, New
Caledonia, New Zealand, Peru, Reunion, Senegal, Singapore, Saint
Pierre and Miquelon, Thailand, and Uruguay.
RevoluSEND International
Expansion
Equally, RevoluSEND geographical coverage
increases from 120 to 133 countries with the addition of India,
Angola, Cameroon, Cape Verde, Guadeloupe, French Guiana, Japan,
Mali, Mozambique, Martinique, New, Caledonia, New Zealand, and
Saint Pierre & Miquelon.
SEPA Instant Launched
In September 2020, the Company's wholly-owned
banking subsidiary EU financial institution #6900, RevoluPAY EP
S.L., was granted the Central Bank PSD2 banking addendum of
passporting approval from all EU member countries by the EBA
(European Banking Authority). Today the Company expands its
Pan-European SEPA ("Single Euro Payments Area") functionality to
include SEPA Instant allowing instantaneously received transfers in
euros or local currencies that are executed 24/7/365 and reach the
recipient within seconds. SEPA currently has 36 member-states:
Austria, Belgium, Britain, Bulgaria, Cyprus, Croatia, Czech
Republic, Denmark, Estonia, Finland, France, Germany, Greece,
Hungary, Republic of Ireland, Italy, Latvia, Lithuania, Luxembourg,
Malta, Netherlands, Poland, Portugal, Romania, Slovenia, Slovakia,
Spain, and Sweden. Additionally, the 3 EEA countries of Norway,
Liechtenstein, and Iceland. SEPA also incorporates Switzerland and
Monaco.
Current Status of the Equity
Investment
The Company continues to work diligently toward
an expedient favorable conclusion to the pending potential share
equity acquisition by a European Financially Regulated entity
allied to a UAE Based Financial Consultancy firm. Management will
ensure shareholders remain closely informed of the ongoing progress
and developments.
Links Used in this News
Release
SEPA Instant -
https://www.europeanpaymentscouncil.eu/what-we-do/sepa-instant-credit-transferRevoluSEND
- https://revolusend.com/RevoluTRANSFER -
https://www.revolutransfer.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,
Gaming Credits, Leisure payments, Travel Payments, etc. RevoluPAY
is aimed squarely at the worldwide multi-billion dollar Open
Banking sector, cross-border forex payments, 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 E.U. 27 Country Passporting and official
issuer of Visa® Cards and
authorized Visa® Affiliate Member.
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,
Cross-Border Forex Payments, 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 192,356,376
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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