Fintech

RevoluGROUP Canada Inc. Provides Corporate Update

Published

5 years ago

December 2, 2019

VANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO) (“the Company”) is pleased to announce an update.

RevoluVIP To Add 37,269 Hotels
RevoluVIP Car Rental Launch 15^th December
RevoluPAY VCC Processing Expedia, Bookings Holdings, Agoda
RevoluCHARGE Pay-As-You-Go Mobile Top-Ups Update
PSD2 Bank License Update

RevoluVIP To Add An Extra 37,269 Worldwide Hotels

The company has recently signed an agreement to include an additional 37,269 worldwide hotels into the RevoluVIP platform through a renowned hotel supplier. While the wholesale supplier offers worldwide hotels, they are particularly prominent in Asia, significantly increasing the number of available hotels in the region for our RevoluVIP Travel Club Members. As a result, hotel Inventory will dramatically increase in: China, Hong Kong, Indonesia, Japan, Laos, Malaysia, Myanmar, Philippines, Singapore, South Korea, Thailand, Vietnam, Macau, Cambodia, Taiwan, French Polynesia, Fiji, Myanmar, Laos, Mongolia, Macau, Nepal, and Guam. The company expects the supplier’s hotels to be active for booking on all RevoluVIP Destination websites, on or before December 10^th 2019.

RevoluVIP Car Rental Launch

The company is pleased to announce that, further to the company’s news release dated 22 November 2019, worldwide car rentals from major brands will be available for RevoluVIP Travel Club Members, on or before December 15^th 2019. Over the subsequent weeks, the company will continue to augment world wholesale car rental suppliers.

Expedia, Bookings Holding VCC And RevoluCHARGE Update

The company would like to update shareholders concerning its revenue generating verticals RevoluPAY VCC Clearance and RevoluCHARGE for the month of November 2019. The unaudited November 2019 VCC turnover being approximately $CA 193,000. Likewise, pay-as-you-go phone top-ups have surpassed the unaudited approximately $CA 91,000 during the same month. Shareholders are reminded that no meaningful marketing efforts have been dedicated to either vertical thus far, yet this is a significant increase over the August 2019 numbers previously released. The growing user uptake of RevoluCHARGE and VCC continues to be largely by word-of-mouth.

PSD2 Bank License Update

The company would like to inform shareholders that the three-way communication between the Central Bank, Hogan Lovells and RevoluPAY CEO, Alfredo Manresa, has remained fluid over the past 14 days. The company continues to rapidly fulfil and comply with every request of the Central Bank concerning the company’s pending approval for a PSD2 Banking License in Europe. Shareholders are reminded that the wholly owned subsidiary RevoluPAY S.L. submitted its license petition to the Central Bank on 22 November 2018. Inopportunely, the new European PSD2 Licensing Regulations were Introduced into law the following day on 23 November 2018. To press, the Central Bank has not granted a Full PSD2 license to any new petitioner since the Nov 2018 change in law. The company remains confident that a proprietary PSD 2 license be granted.

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.

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”
______________________
STEVE MARSHALL
CEO

For further information contact:
Don Mosher
RevoluGROUP Canada Inc.
Telephone: (604) 685-6465
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]

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.

Fintech

Fintech Pulse: Your Daily Industry Brief (Pennant Technologies, MogoPlus, Stash, Kennel Connection, RedRover)

Published

1 day ago

December 5, 2024

Peter Tolan

fintech-pulse:-your-daily-industry-brief-(pennant-technologies,-mogoplus,-stash,-kennel-connection,-redrover)

As the fintech world evolves, emerging technologies, strategic collaborations, and industry shifts continue to shape the financial landscape. Today’s briefing covers the intensifying AI race between fintechs and banks, transformative partnerships, executive changes, and industry-wide innovations, highlighting the crucial role of fintech in reshaping the future of finance.

The AI Race: Fintechs vs. Traditional Banks

The competition between fintech firms and traditional banks to dominate AI integration is heating up. Fintech companies are leveraging AI to enhance customer experience and streamline operations, whereas banks are adopting AI cautiously, balancing innovation with regulatory compliance. The dynamic is reshaping customer expectations, with fintechs pushing the envelope in personalization, risk assessment, and fraud prevention. Traditional institutions are adopting fintech-style agility to stay competitive.

Source: Yahoo Finance, Fintech Futures, Cointelegraph

Collaborations for Enhanced Services

Pennant Technologies and MogoPlus have joined forces in Australia to revolutionize the lending process. By integrating their technologies, they aim to streamline the value chain in lending, offering enhanced speed and efficiency to both institutions and borrowers. This partnership reflects a growing trend of fintechs collaborating to offer comprehensive solutions, expanding their reach and impact within traditional financial sectors.

Source: Fintech Futures

Leadership Shifts and Layoffs: Stash’s Turbulent Turn

Stash, a major player in the fintech space, is undergoing significant leadership changes and layoffs amidst acquisition speculations. The fintech industry is experiencing a wave of strategic realignments, with several firms reevaluating their business models in response to market pressures and investor demands. This reflects broader industry concerns about sustainability and scaling in a competitive, innovation-driven market.

Source: Fortune

Fintech Meets Pet Care: A Unique Philanthropic Move

Kennel Connection has made waves by contributing $5,000 to RedRover on Giving Tuesday, an amount doubled through impact matching. This innovative use of fintech in pet care philanthropy highlights how financial technology can facilitate social impact, offering seamless donation solutions and promoting corporate responsibility in niche markets.

Source: PR Newswire

The post Fintech Pulse: Your Daily Industry Brief (Pennant Technologies, MogoPlus, Stash, Kennel Connection, RedRover) appeared first on News, Events, Advertising Options.

Fintech

Revolutionizing Rewards: How ZBD and Finfare Connect Are Bringing Bitcoin to Everyday Spending

Published

2 days ago

December 5, 2024

Zoltan Tundik

ZBD, a pioneer in merging gaming and payments through Bitcoin rewards, is taking a bold step beyond gaming with its new partnership with Finfare Connect. By offering instant Bitcoin cashback for everyday purchases at major retailers like Nike, Adidas, and Best Buy, ZBD is transforming how users engage with rewards. In this interview, Ben Cousens, CSO of ZBD, shares insights on the partnership, its impact on user loyalty, and how it’s shaping the future of Bitcoin adoption through seamless, real-world applications.

Q: ZBD has been a key player in merging gaming and payments through Bitcoin rewards. How does this new partnership with Finfare Connect enhance ZBD’s existing offerings, and what excites you most about giving users more ways to earn Bitcoin through everyday purchases?

Ben: The ZBD app has been used by millions of players to earn rewards instantly within games; a process made possible through our payments system. We’re constantly looking to provide new ways for users to earn rewards within the ZBD app, building upon the credibility and growth we’ve seen in the games industry. Our partnership with Finfare provides instant cashback through the ZBD app to customers in the USA, as they shop at brands and retailers like Nike, Adidas, and BestBuy. What’s exciting to me is we get to flex the power of our payment system even more – instant payments with no minimums are an amazing cashback mechanic.

Q: With the ability for ZBD users to link payment cards and accounts to earn Bitcoin rewards from brands like Nike, Adidas, and Best Buy, how do you see this partnership impacting user engagement and loyalty within your platform?

Ben: I see audiences behaving in two ways. The first are users who may come to the shopping section of the app often to check available deals, and purchase accordingly to take advantage of the discounts offered.

At the same time, other users will just link their accounts, shop as they normally would, and automatically receive rewards in the ZBD app without even thinking about it. I actually find this second segment more exciting, as it just seems such a seamless and, from a payments point of view, pretty futuristic solution.

We are doing this to provide a valuable service and delight our users. If we can succeed in that, which so far seems to be the case, then engagement and loyalty will increase. It’s about fulfilling the promise of being the best place for rewards with real value, paid out instantly and available for people to use instantly.

Q: ZBD is known for integrating Bitcoin rewards with gaming and social experiences. How do you envision this partnership with Finfare Connect helping ZBD extend its appeal beyond gaming and into more mainstream shopping and daily transactions?

Ben: Providing more use cases outside of gaming fits with our ethos of being a tech-first company focused on revolutionizing online payments. Once payment accounts are linked to Finfare, ZBD seamlessly provides cashback with no input required from the user. This perfectly aligns with why users come to ZBD – we are using payments to make digital experiences more rewarding.

We believe the partnership allows us to bring our users a feature they will love, but it might also bring a different type of user to ZBD: one that comes primarily for the shopping aspects and sees the gaming and entertainment features as less important. This is something the market will show us and we’ll adapt based on the users and usage we see, but it’s certainly exciting.

Q: The collaboration with Finfare Connect seems to make Bitcoin rewards more accessible for everyday users. How important is this accessibility to ZBD’s strategy, and how do you see it contributing to broader Bitcoin adoption in the long term?

Ben: ZBD is a payments company that plays heavily in the rewards space and the way we revolutionize payments is by using the Bitcoin lightning network as our underlying rail. This isn’t about pushing Bitcoin or making users aware of it, though I won’t lie, it can make user acquisition easier. It’s about laying groundwork and building out meaningful steps forward in online payment experiences, starting with rewards, and then going beyond.

It’s always our goal to make everything we do accessible to everyday users with no Bitcoin knowledge. We want the experience to be simpler, more seamless and faster than any other type of financial technology. The majority of our users are new to Bitcoin and find us through games. Our goal is to educate them a bit, but mostly to just give them products they can use intuitively and get value from even if they aren’t at all interested in Bitcoin. Now, we’re bringing this approach to shopping rewards.

Bitcoin adoption will happen if Bitcoin is used by a wide range of people as part of their everyday lives. Bitcoin will be used if it is useful, simple and solves a problem. So we aren’t ever thinking about Bitcoin adoption. We’re just doing what we do the best we can and adoption will take care of itself.

Fintech

Fintech Pulse: Your Daily Industry Brief (Axos Bank, Global Trading Network, Fonepay, Compass Plus Technologies, Instacoins)

Published

2 days ago

December 4, 2024

Peter Tolan

fintech-pulse:-your-daily-industry-brief-(axos-bank,-global-trading-network,-fonepay,-compass-plus-technologies,-instacoins)

Axos Bank Partners with Way.com to Address Rising Car Costs

Axos Bank has teamed up with Way.com to help customers mitigate increasing car expenses. This partnership focuses on vehicle refinancing and aims to offer savings through integrated digital solutions. By combining Way.com’s auto services with Axos’ financial products, users can streamline their vehicle-related expenses, from insurance to payments. This move reflects Axos’ strategy to enhance its consumer offerings by leveraging partnerships in niche sectors.

Source: Axos Bank.

Brazil’s Largest Drug Gang Under Investigation for Fintech Infiltration

Brazilian authorities are probing the country’s largest drug gang for using fintech platforms to launder money. This investigation highlights concerns over the growing use of digital financial tools by organized crime. The gang allegedly exploited fintech’s lack of stringent oversight compared to traditional banking, raising red flags about regulatory gaps in the digital financial landscape.

Source: Bloomberg.

GTN Appoints New CEO to Drive European Expansion

Global Trading Network (GTN) has appointed Christopher Gregory as CEO for Europe, marking a pivotal step in its strategic expansion across the continent. Gregory, known for his expertise in fintech and capital markets, is expected to lead GTN’s efforts in diversifying its product offerings and enhancing its market presence. This leadership shift underscores GTN’s commitment to capitalizing on Europe’s burgeoning fintech market.

Source: PR Newswire.

Fonepay and Compass Plus Launch Nepal’s First Virtual Credit Card

Nepal’s digital payments ecosystem takes a leap forward with Fonepay partnering with Compass Plus Technologies to introduce the nation’s first virtual credit card. This innovation aims to promote cashless transactions and enhance financial inclusion by offering secure, contactless payment options. This development aligns with Nepal’s digital transformation goals and is set to redefine consumer payment experiences in the region.

Source: Fintech Futures.

Instacoins Partners with Luxury Brands for Digital Payments

Instacoins is expanding its footprint in the luxury market by partnering with high-end brands to enable cryptocurrency payments. This initiative is designed to offer affluent customers a seamless digital payment option, blending traditional luxury shopping with modern fintech solutions. The partnership also reflects the increasing adoption of cryptocurrency in mainstream commerce.

Source: PR Newswire.

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