IQST - iQSTEL Maintains Core Revenue Growth While Pursuing $2 Trillion Fintech Sector
October 07 2020 - 8:30AM
InvestorsHub NewsWire
New York, NY
-- October 7, 2020 -- InvestorsHUb NewsWire -- iQSTEL, Inc.
(USOTC:
IQST) today announced that its Etelix VoIP Services operation,
a key component of the company’s Telco Division, set yet another
service level record in the month of September delivering 14.5
million service minutes compared to 12.7 million the month prior,
an increase of 13.9%. Etelix also set a record for the
overall minutes delivered by quarter, reaching 36.4 million service
minutes for Q3, more than the double the 14.9 million minutes
delivered in Q2.
Etelix is a
wholly owned VoIP Service provider subsidiary of IQST delivering
service in Latin America, Africa and Asia. Etelix is one of
six operating IQST telecommunication technology subsidiaries.
IQST’s consolidated revenues are growing dramatically year over
year. The company reported $4.0 Million in 2016, $7.6 Million
in 2017, $13.7 Million in 2018, and $18.0 in 2019. Management
confidently anticipates reporting another year of dramatic revenue
growth for 2020.
At the same
time that IQST’s core revenue continues to grow dramatically, the
company recently announced the official launch of its new Fintech Division for
the Global Markets .
Below are of
some of the targeted Fintech products and services designed
specifically for the global immigrant
population:
* Send money
domestically and internationally with low
fees.
* Send money via
SMS using a customized SMS service (smartphone not
required).
* Pay utility
bills with minimal payment fees (mobile, electricity, gas
services).
* VISA debit
card solution.
According to
Global X and Mauro F. Romaldini (TopTal), the Fintech industry is
growing at an almost exponential rate with over $500B in annual
remittances and over $1.5T in annual mobile
payments.
Look for more
news coming soon on IQST’s Fintech
Division.
About iQSTEL
Inc.:
iQSTEL Inc
(OTC:
IQST) www.iQSTEL.com
is a US-based publicly listed company offering leading-edge
21st Century Enhanced Telecommunications Services with a focus
on a wide range of cloud-based enhanced services to the Tier-1 and
Tier-2 carriers, corporate, enterprise, as well as the retail
market. iQSTEL through its subsidiaries Etelix, SwissLink, QGlobal
SMS, SMSDirectos, IoT Labs, IoT Smart Gas Platform, itsBchain
offers a "one-stop-shopping” for international and domestic VoIP
services, IP-PBX services, SMS exchange for A2P and P2P,
OmniChannel Marketing, Internet of Things (IoT) applications (IoT
Smart Gas Platform), 4G & 5G international infrastructure
connectivity, as well as blockchain-based platforms: Mobile Number
Portability Application (MNPA) and Settlement & Payments
Marketplace for VoIP, SMS and
Data.
About
Etelix.com USA,
LLC:
Etelix.com USA
LLC www.etelix.com
is
a wholly owned subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a
Miami, Florida-based international telecom carrier founded in 2008
that provides telecom and technology solutions worldwide, with
commercial presence in North America, Latin America, and Europe.
Enabled by its 214-license granted by the Federal Communications
Commission (FCC), Etelix provides International Long-Distance voice
services for Telecommunications Operators (ILD Wholesale), and
Submarine Fiber Optic Network capacity for internet (4G and 5G).
Etelix was founded in 2008 and has been profitable since
inception.
About
SwissLink Carrier
AG:
SwissLink
Carrier AG www.swisslink-carrier.com
is
a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a
Switzerland based international Telecommunications Carrier founded
in 2015 providing international VoIP connectivity worldwide, with
commercial presence in Europe, CIS and Latin America. SwissLink
Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier
Customers direct terminations via SwissLink into all Switzerland
Fix & Mobile Networks. Since the takeover from Swissphone in
November 2018 and the rename into SwissLink, they operate on a
profitable level.
About QGlobal
SMS LLC.:
QGlobal SMS
LLC www.qglobalsms.com
is
a 51% owned subsidiary of iQSTEL Inc.
QGlobal SMS is a USA based company and a commercial
brand founded in
2020 specialized in
international and domestic SMS termination, with emphasis on the
Applications to Person (A2P) and Person to Person (P2P) for
Wholesale Carrier Market
and Corporate Market in US. QGlobal SMS has commercial presence in
US, Mexico, Latin America, EMEA (Europe, Middle East, Asia) and
Africa, through our SMS service providers based in Austin, TX and
Miami, FL Our Austin-based SMS service provider is specialized in
the SMS traffic exchange between US and Mexico, and our Miami-based
SMS service provider is focused in the development of Latin America
and the rest of the word. QGlobal SMS has robust international
interconnection with Tier1 SMS Aggregators, guarantying its
customers high quality and low termination rates, over more than
100 countries worldwide.
About Alcyon
Cloud SMS S.A.S (Commercial Brand
SMSDirectos.com
):
Alcyon Cloud
SMS S.A.S. (Commercial Brand SMSDirectos.com),
is
a whole subsidiary of QGlobal SMS, a Colombian-based Application
and Content Provider. Alcyon Cloud SMS (SMSDirectos.com) is
registered with the Secretary of Information and Communication
Technology (ICT) in Colombia, offering services to government,
enterprises, small and medium business, as well as end-users. Using
SMSDirectos’ existing network, they plan to expand services from
SMS to offer omnichannel products and services such as: SMS,
Emails, RCS (Rich Communications Services), Social Media Channels
(Whats App, Messenger, etc), WebRTC (Web Real-Time Communication),
VoIP (IP-PBX, SIP Trunking) ChatBots (Artificial Intelligence
Based), SMS to Email, and Email to
SMS.
About IoT Labs
MX SAPI:
IoT Labs MX
SAPI www.iotlabs.mx
,
a subsidiary of iQSTEL Inc, is an Internet of Things (IoT) Mexican
technology development company, creator of the “IoT Smart Gas”
Platform and Application. The IoT Smart Gas
platform www.iotsmartgas.com
consists of an IoT field device installed on the LP
gas tank (adaptable to virtually any gas or liquid storage tank)
and, thanks to the Internet of Things (IoT) technology via Sigfox
or GSM network connectivity, allows remote managed and improved
logistic processes of refilling, usage tracking and tank monitoring
in real-time by the Smart Gas mobile app. The new GSM tracking
feature allows for mobile use including ground, air, and sea tank
monitoring.
About
itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a
75% owned subsidiary of iQSTEL Inc.
itsBchain is a blockchain technology developer and solution
provider, with a strong focus on the telecom sector. The
company is the final stage of development of a series of blockchain
solutions aimed at using the blockchain ledger and smart
contract solutions to enable more efficiency, quickness in
execution and fraud-prevention in the telco industry.
Specifically, the company is developing a solution that will enable
users and carriers to transfer mobile phone numbers with just a few
clicks, allowing users and carriers the ability to transfer
retail users from one mobile carrier to another
instantly. Additionally, the company is finalizing a
carrier-grade marketplace solution to procure payments between
carriers for cross-traffic of VoIP, SMS and data realtime as
traffic is crossed between carriers. This marketplace will
allow for instant payment settlement as well as the prevention of
fraud between carriers.
Safe Harbor
Statement: Statements in
this news release may be "forward-looking statements".
Forward-looking statements include, but are not limited to,
statements that express our intentions, beliefs, expectations,
strategies, predictions or any other statements relating to our
future activities or other future events or conditions. These
statements are based on current expectations, estimates and
projections about our business based, in part, on assumptions made
by management. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. Therefore, actual outcomes and results
may, and are likely to, differ materially from what is expressed or
forecasted in forward-looking statements due to numerous factors.
Any forward-looking statements speak only as of the date of this
news release and iQSTEL Inc. undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this news
release.
iQSTEL
Inc.
IR US Phone:
646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL
Inc. and its subsidiaries:
www.iqstel.com
; www.etelix.com
; www.swisslink-carrier.com
; www.qglobalsms.com
; www.smsdirectos.com
; www.iotlabs.mx
; www.iotsmartgas.com
; www.itsBchain.com
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