Toronto, Ontario–(Newsfile Corp. – April 23, 2020) – Zoompass Holdings Inc. (OTCQB: ZPAS) would like to announce the acquisition of Blockgration Global Corporation (BGC) and its subsidiaries, a leader in SaaS and software technology focused on blockchain and payment solutions.
With this acquisition, Zoompass will continue to transform itself into a technology leader, leveraging its expanding customer base in India and globally, cross selling into new markets and to existing customers. The company’s mission is to build, acquire, and partner with software companies, supporting them with technical, financial, and operational solutions and delivering advanced technology to growing organizations internationally.
As part of this transaction, Zoompass will acquire controlling interest in BGC’s growing subsidies:
- MSS Payments – An international financial services technology company based in India with a focus on Digital Wallet deployments, Multi-Currency, Multi-Processor Prepaid Card Platform and Corporate Domestic Money Transfer. The company’s aim is to make online transactions simpler and more secure for all.
- BuyUcoin – As one of the oldest cryptocurrency exchange companies in India, BuyUcoin’s user friendly interface and myriad of features and products allow customers to easily and safely buy, sell, trade and store cryptocurrency. With an active customer base of 250,000 users, the company plans to sign agreements to integrate into multiple wallets in India.
- Zuum Global Services – Is a leader in delivering high-traffic mobile apps, performance driven web-based applications, cloud suites and globally distributed software systems to customers across the globe.
With a combined total of approximately 125 employees across four countries, Zoompass is quickly becoming a global player in advanced technology for the financial and consumer services industry.
“The Zoompass-Blockgration partnership is a powerful combination. Blockgration’s experience in the digital world, its deep roots in software solutions and collaborative approach is uniquely complimentary to how Zoompass operates. With these combined entities, we believe this will allow us to grow, becoming global innovators in the SaaS world,” says Manny Bettencourt, CEO of Zoompass Holdings Inc.
“Partnering with Zoompass will allow us to provide the very best business user experience across our digital platforms,” says David Ralph Mackereth, EVP at Blockgration. “Together, working as one team, we will unlock the full potential of digital payments technologies and place our clients on the path for success.”
About Blockgration: BGC is an established Canadian-based company that provides a one-stop multi-currency digital wallet platform and blockchain centric technology and payment solutions. BGC connects blockchain platforms with payment ecosystems and traditional banking and provides our clients and their consumers with seamless integrated services such as digital assets trading, international money transfer, bill payments, instore and online merchant payments along with other value-added services. Visit blockgrationglobal.com for more information.
About Zoompass: Zoompass is a global innovator in the SaaS world, focused on next generation web-based technologies and software solutions for both private and public sectors. Our services span from small businesses to large enterprises and together, we build, acquire, and partner to deliver to our clients the best technical and operation platforms and solutions available in the marketplace.
Zoompass Safe Harbor Statement
Certain statements contained within this release are considered to be forward-looking under the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties including, but not limited to, the risk that any projections or guidance, including revenues, margins, earnings, or any other financial results are not realized, the impact of changes in tariffs, adverse changes in the global economic conditions, significant volume reductions from key contract customers, financial stability of key customers and suppliers, and availability or cost of raw materials. Forward-looking statements can often be identified by words such as “anticipates, ” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expression, and variations or negatives of these words. These forward-looking statements are not guaranteeing of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially and adversely from those expressed in any forward-looking statement. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of Zoompass are contained in the Company’s Form 10-k filing for the fiscal year ending in December 31, 2020, and other filings with the Securities and Exchange Commission.
NOVASPARKS EXPANDS ITS OPERATIONS IN ASIA-PACIFIC
NovaSparks™, the leading field programmable gate array (FPGA) market data company, is pleased to announce the appointment of Clément Pelletier as the new sales and marketing director, based in Bangkok, Thailand. Pelletier will report to Dr. Luc Burgun, CEO and president, beginning on December 1st, 2023.
“Clément possesses a wealth of experience that makes him unique in the industry,” said Luc Burgun, NovaSparks’ chief executive officer and president. “His thorough understanding of the sales process, particularly in the field of trading tools which he acquired over 20 years in Asia, makes him ideally suited to drive our sales and marketing initiatives in APAC. We are pleased to welcome Clément and look forward to his leadership in expanding our operations in Asia.”
Pelletier brings to NovaSparks solid experience in sales and marketing in Asia. Most recently, he served as sales director for the APAC office of Horizon Software, a global leader in electronic trading solutions and algorithmic technology. Prior to Horizon Software, he served as CEO of CPIT, an IT services and consulting, specialized in the Fintech industry, based in Hong Kong. Pelletier holds a Master of Engineering from INSA Lyon.
Broadridge Investment Management Technology Enhances Carlyle’s Private Credit and CLO Portfolio Management Operations
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that its cloud-based solution, Sentry, has been implemented at global investment firm Carlyle in support of its private credit and collateralized loan obligation (CLO) portfolio management. The Sentry private credit and CLO portfolio management technology will enable Carlyle to more efficiently manage its deal pipeline, trade compliance and loan operations on a single platform, and scale operations as the platform grows.
“With increased demand in credit products and ongoing growth of our product offerings, we wanted the right technology that would enable us to scale up and achieve a platform approach,” said Jim Keogh, Carlyle’s Managing Director and Head of Operations for Global Credit. “Sentry has smoothly integrated with our technology stack and provides functionality that will improve our capabilities as we grow.”
“Working closely with Carlyle, we customized Sentry to specifically suit their portfolio management requirements, which emphasized the need to help manage all aspects of private credit and CLO administration,” said Mike Sleightholme, Broadridge’s president of international and head of asset management solutions. “This implementation really showcases the value of the flexibility and scalability our solution offers and how it helps position firms for growth.”
Broadridge’s Sentry PM is a scalable web-based solution that provides front-to-back-office functionality to both the private debt and syndicated loan markets to increase overall efficiency, including research and pipeline management, pre- and post-trade compliance, analysis of hypothetical trade scenarios, dynamic waterfall projections, loan administration, and data aggregation across strategies, portfolios and assets.
Nuvei enters global payments partnership with Microsoft
Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has partnered with Microsoft to deliver leading payment experiences for customers of its products, solutions, and services across many of its key markets.
Microsoft will start using Nuvei’s customizable and agile payments technology in the Middle East and the Africa region, while benefiting from Nuvei’s deep knowledge of local markets to optimize its payments for recurring billing and individual transactions across both its Office and Xbox product ranges.
Other benefits of Nuvei’s global payments capabilities Microsoft is harnessing include optimized authorization rates through local acquisition and superior risk management that minimize false declines, as well as Nuvei’s ability to offer all of the relevant local alternative payment methods (APMs) to each market through a single integration. Philip Fayer, Nuvei Chair and CEO said: “Enabling Microsoft to connect to its customers across a wide range of products is testament to our technology and dedication to world-class customer service. We’re excited to optimize payments for such a universal brand that is trusted and relied upon by so many people.”
“We’re pleased to extend our payment solutions to the Middle East and African region,” added Ajith Thekadath, Vice President Global Payments at Microsoft. “Whether it is a one-off purchase, software subscription, or in-game purchasing, payments are critical to our overall customer experience. Partnering with Nuvei enables our customers to pay wherever they are and whenever they want to.”
Extending the partnership across geographies and use cases
Nuvei and Microsoft are committed to extending this partnership across additional markets, as well as exploring new use cases to enhance the overall Microsoft experience. This includes Microsoft Dynamics 365, its business applications technology suite that drives operational efficiency and improved enterprise resource management.
Fayer commented: “As two innovative, technology-led businesses that provide solutions to many of the leading international brands across the globe, it makes sense to explore how we can work more cooperatively as we grow our commercial relationship.”
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