Fintech
RevoluGROUP Canada Inc. Attends IMTC World Miami, MOU With Argenper, Maxicambios And Banco Guayaquil
VANCOUVER, British Columbia, Nov. 14, 2019 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO) (“the Company”) is pleased to announce a shareholder update for its Remittance Division. The company is a credentialled attendee of the IMTC, International Money Transfers & Payments Industry conference in Miami Beach, FL Nov 12-15, 2019. CEO, Steve Marshall, has signed three Memorandums of Understanding (“MOU”) during the conference with: Argenper, MaxiCambios and Banco Guayaquil. The parties have agreed to work toward a Definitive Agreement (“DA”) concerning bilateral commissions, the technical linking of payments settlement systems and, the mechanism for the instant delivery of worldwide RevoluPAY remittances and, tourism focused cash-advances in: Argentina, Brazil, Paraguay, Bolivia, Chile, Uruguay, Ecuador, Peru and United States.
IMTC Conference Miami
The IMTC hosts over 500 delegates from 70 countries, the World IMTC (International Money Transfers & Payments Industry Conference) in Miami, held between 12-15 November, brings together market leaders in the industry, along with experts and professionals. RevoluGROUP Canada Inc. showcased RevoluPAY® to multiple participants and, is currently preparing numerous possible synergies for 12 supplementary countries. IMTC is an event solely for credentialled professionals operating in the: International Money Transfer, Remittances & Cross-Border Payments Industry. The growth of IMTC is the result of the evolution and broadening of the Non-Bank Financial Industry & traditional Banking Partners over more than a decade. From cross-border financial services, such as Money Transfer Operators (MTOs), Foreign Exchange firms, Banks, Payment Processors and Mobile Operators involved in financial services (MMOs), as well as a large array of financial institutions, fintech enterprises, brick-and-mortar or digital apps, that provide services along international migration corridors.
About Argenper And Their Remittance Delivery Markets
Argenper S.A is one of South Americas’ largest remittance companies, with physical presence and +3000 cash collection points across: Argentina, Brazil Bolivia, Chile, Uruguay, Ecuador, Peru. The company also sends and receives remittances from offices in the United States.
Banco Guayaquil
Banco Guayaquil S.A was founded in 1923 as a full-service retail, commercial and investment bank in Ecuador. The bank controls a national network of more than 4800 physical locations, which include 154 main offices, 880 ATMs and 4712 rural branches throughout Ecuador.
About MAXICAMBIOS And The Paraguayan Remittance Market
MAXICAMBIOS S.A is one of the leading central bank licensed remittance delivery companies in Paraguay, with 17 branches that cover the majority of the major cities in the country. The company’s main activity is the provision of foreign exchange services to companies and individuals. Its remittance delivery centers are located in the country’s main shopping centers and malls. MAXICAMBIOS performs an average of 4,000 daily remittance deliveries. Paraguay received around 600 million dollars in 2017, with the main remittance influxes to Paraguay emanating from: Spain, Argentina, the United States and Brazil.
RevoluGROUP’s Strategy for The World Remittance Market As previously announced to shareholders, the fully functional proprietary bank licensed RevoluPAY App has the ability to deliver e-wallet funds to any SEPA or Swift affiliated bank account in 73: Pan-European, Eastern European countries plus, certain nations in the Middle East. RevoluPAY app-to-bank transfer inflows into these countries has been operating successfully for some time. The company then began focusing upon the most ubiquitous worldwide remittance flows, which involve physical cash collection using RevoluPAY, particularly applicable for unbanked remittance beneficiaries or world travelers. On June 29th, 2018, shareholders were informed that RevoluPAY S.L. had signed an NDA with a Top 40 World Banking Institution for remittance cash collections in 16 Central/South American and Caribbean countries. Said Bank successfully completed the compliance visit at RevoluPAY headquarters in Barcelona on the 4th of November. The company is now awaiting final approval from the Bank to sign the final bilateral agreement that has been in the possession of both parties for quite some time. Likewise, the company has steadfastly pursued additional negotiations to engender RevoluPAY cash collection with other internationally licensed entities, signing MOUs with potential cash delivery partners in: Peru, Ecuador, Guatemala, El Salvador, Nicaragua, Costa Rica and Mexico. Additionally, three more MOUs today for Argentina, Brazil, Bolivia, Chile, Uruguay and Paraguay. A similar objective is being pursued with today’s new Bank MOU which, if ongoing negotiations are fruitful, could add full banking services to RevoluPAY in Ecuador. From the aforementioned MOUs, the company has signed a Definitive agreement for Costa Rica on August 28th 2019 with EZPAY and, remains confident that the other pending MOUs will likewise now convert into Definitive Agreements at an increased cadence. Should the company’s strategies succeed, RevoluPAY remittance beneficiaries in most of Central/South America and the Caribbean will be able to visit thousands of locations to collect cash. For those worldwide nations not yet covered for local partner cash collection, the company will initiate inflows via the RevoluPAY Visa Card and, simultaneously seek local partners. The RevoluPAY Visa Card is currently being tested by management and beta testers around the world and, thus far, has functioned flawlessly in ATMs and Merchants accepting Visa. The final launch and, worldwide delivery of the proprietary Visa Card to RevoluPAY app users is now imminent. Concerning the major bulk of Asia, the company previously announced an NDA with a large Chinese payment conglomerate with whom it anticipates making final headway in early 2020. Management wishes to express to shareholders that while the remittance aspect of the company’s business would appear to have been somewhat relegated, this is far from the truth. Management has meticulously worked and, will continue to strive, to ensure that RevoluPAY app users, wherever they may be, have access to immediate cash at the lowest possible cost, allied to a myriad of in-app options to transfer funds electronically from app to bank accounts of their choosing or, to their linked RevoluPAY Visa Card.
About RevoluPAY®
The Company’s flagship technology is RevoluPAY®, the Apple and Android multinational payment app. Built entirely in-house, RevoluPAY features proprietary, sector specific, technology of which, the resulting source code is the property of the Company. RevoluPAY’s built-in features include: Leisure payments, Travel Payments, Retail and Hospitality payments, Remittance Payments, Real Estate Payments, pay-as-you-go phone top-ups, Gift Cards & Online Credits, Utility Bill payments, etc. RevoluPAY is powered by blockchain protocols, and, is squarely aimed at the worldwide multi-billion dollar leisure sector and, + $595 billion family remittance market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY S.L located in Barcelona. RevoluPAY S.L operates under European E-money – Directive 2009/110/EC through a licensed electronic money institution or EDE Banking Licensed entity. RevoluGROUP Canada Inc. controls 5 wholly owned subsidiaries on 4 continents.
Links utilized in this news release
Banco Guayaquil – https://www.bancoguayaquil.com/
Banco Guayaquil Offices – http://saladeprensabg.com/boletin/banco-guayaquil-crece-en-agencias-a-nivel-nacional/
Argenper – https://www.argenper.com.pe, https://www.argenper.com.ar, www.argenper.ec, http://www.argenper.com.br/
MaxiCAMBIOS – http://www.maxicambios.com.py/empresa
Paraguay Remittance Inflows – https://www.bbc.com/mundo/noticias-america-latina-47867801
Paraguay Remittance Countries – https://www.icex.es/icex/es/navegacion-principal/todos-nuestros-servicios/informacion-de-mercados/paises/navegacion-principal/noticias/NEW2017765480.html?idPais=PY World Bank remittance Date – http://www.worldbank.org/en/topic/migrationremittancesdiasporaissues/brief/migration-remittances-data
About RevoluGROUP Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset, multidivisional publicly traded Canadian company deploying advanced technologies in the; Online Travel, Vacation Resort, Mobile Apps, Money Remittance, Mobile Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice factoring, 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 150,879,439 shares issued and outstanding.
RevoluGROUP Canada Inc.
“Steve Marshall” For further information contact: 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.
______________________
STEVE MARSHALL
CEO
Don Mosher
RevoluGROUP Canada Inc.
Telephone: (604) 685-6465
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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