RevoluGROUP Canada Inc.
(TSX-V:
REVO),
(Frankfurt: IJA2),
(Munich: A2PU92), (the "Company")
is pleased to announce a corporate update. The Company issues the
current news release in conformity with policy 85, sections A and C
of the SECURITIES ACT as it pertains to "Continuous Disclosure."
ACH - Automated Clearing House,
Canada, and USAFPS - Faster Payments Service,
United KingdomSEPA Instant - Single Euro Payments
AreaVisa Direct – Bilateral real-time testing to
begin April 3rd. Planned launch May 2023TSX
Venture - Bloomberg Article 11th March
2023Equity Investment – Status Update
Now Live - ACH, FPS & SEPA
Payments
On March 10th, 2023, RevoluPAY completed live
testing trials of ACH – "Automated Clearing House" in Canada and
USA, FPS – "Faster Payments Service" in the United Kingdom, and
SEPA Instant - Single Euro Payments Area 27 countries. The Company
is elated to confirm that these fundamental financial conduits are
now live and operational. As central components of the Company's
future, these transactional conduits are vital to the
interoperability sought by worldwide RevoluPAY wallet holders who
seek to embrace open banking as a cost-effective Highstreet bank
replacement. Furthermore, these integrations are the key to the
much-awaited launching and unleashing of some of our pending
large-volume revenue platforms of RevoluREALTY, RevoluFIN,
RevoluBET, and others yet unreleased publicity.
RevoluGROUP CEO, Steve Marshall, commented on
this significant corporate milestone "RevoluPAY users worldwide
sought a venerable replacement for their costly checking accounts
of old. One key requirement for this adoption to occur was the
ability of RevoluPAY to deliver primary electronic transactions
until recently the sole purview of Highstreet banks. Incorporating
ACH payments and domiciled ACH billing for Canada and the US has
long been the backbone of North American banking. For the UK, FPS,
the Faster Payments Service directive, and the entire SEPA instant
EU block 27 countries. RevoluPAY now runs head-to-head with regular
banks. Our preemptive deployment of Open Banking is a testament to
our future focus as governments around the globe gradually embrace
decentralizing our financial future by bringing our banking onto
our handheld devices."
Visa Direct – Planned launch May
2023
Visa Direct is, without a doubt, the next
frontier for electronic payments. The ability to remit funds
directly to any cardholder anywhere in the world would have seemed
unthinkable just a few short years ago. On August 4th, 2022,
RevoluPAY became an affiliate member of Visa, permitting the
gradual inclusion of Visa Financial Technology into all facets of
RevoluPAY. The Company is pleased to announce that it has begun the
integration of Visa Direct® Technology and expects to begin
live trials with select users on April 3rd, 2023. The Company
expects the Visa Direct® Technology to be live for all
RevoluPAY users by May 2023. Visa Direct will revolutionize how our
users transact. We are honored to be one of the first financial
institutions to offer its users this groundbreaking financial
freedom and technology.
TSX Venture Exchange
RevoluGROUP BNN Bloomberg
Article
The Company informed its shareholders on the
21st of February 2023 of our honor to be ascended by the TSX
Venture Exchange into the 2023 Top 50 listed companies, placing
RevoluGROUP within the top three percentile of all 1724 TSX Venture
listed companies. We again wish to thank BNN Bloomberg and the TSX
Venture Exchange for the March 11th, 2023, continued coverage of
this accolade. Furthermore, the TSX Venture Exchange has released
our Top 50 corporate video on its official channel Youtube,
Here.
Current Status of the Equity
Investment
Further to the news release dated 9th of March,
2023, the second addendum timeline agreed by the suitors during
which they continue to consider said final transactional compliance
approval should be granted, at the latest, is March 15th, 2023. As
such, the remaining regulatory step is now final transactional
compliance. The Company reminds shareholders that this step cannot
and does not include RevoluGROUP participation. Shareholders will
remain closely informed regarding the final step of suitor E.U.
transactional compliance approval, which in management's opinion,
is the final required step before management can submit to
shareholders the entire equity investment terms and disclose the
European Financially Regulated acquirers.
Open Banking Canada -
https://tinyurl.com/msdt5x2c Visa Technology -
https://revolugroup.com/revolupay_visa_affiliate_member/
RevoluREALTY - https://revolurealty.com/ RevoluFIN -
https://revolufin.com/ TSX.V Bloomberg -
https://tinyurl.com/46k6nn3z TSX.V Top 50 -
https://money.tmx.com/en/venture50 TMX Group Video -
https://www.youtube.com/watch?v=o5UprAWFXg4
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 192,735,376
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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