RevoluGROUP Canada Inc.
(TSX-V:
REVO),
(Frankfurt: IJA2) (the "Company")
is pleased to announce that EU financial institution 6900 RevoluPAY
EP S.L, received the signed Visa® Membership Deed on the 3rd of
August 2022. RevoluPAY is now a fully-fledged Affiliate Member
of Visa® (NASDAQ: V) with direct card issuing and
acquirer status.
About Visa
Visa Inc. is a publicly listed (Nasdaq: V)
American multinational financial services corporation headquartered
in Foster City, California, United States. Visa Europe Limited,
incorporated in England and Wales, is a wholly-owned subsidiary of
Visa Inc. Visa enables electronic funds transfers worldwide, most
commonly through Visa-branded credit cards, debit cards, and
prepaid cards. Visa is one of the world's most valuable
companies.
RevoluPAY Affiliate Member &
Technology Partner
of Visa®
RevoluPAY® is now a Fully-Authorized Affiliate Member Partner
of Visa® (NASDAQ: V). This prestigious status permits
RevoluPAY to autonomously:
- Issue Visa Cards
- Issue Branded Affinity Visa Cards to Third Parties
- Disburse and Acquire payments Across the Visa Payments
System
- Directly license Card BIN numbers
- Provide RevoluPAY Branded POS ("point of sale") Merchant
Services
- White-Label POS ("point of sale") Merchant Services to Third
Parties
- Deploy Visa® TAP-TO-PHONE® Technology
- Deploy Visa Direct® Technology
- Etc.
RevoluGROUP Canada Inc. CEO Steve Marshall
commented, "This is truly a momentous day for our Company and
shareholders. We are honored and humbled to partner with Visa® as
an affiliate member and technology licensee. Visa® is at the
forefront of the financial revolution, and we look forward to
working hand in hand to provide every RevoluPAY user with the most
advanced financial technology available worldwide."
RevoluPAY Affiliate
Member of Visa®
This outstanding milestone highlights the
prowess of the financial technology the Company has developed over
the previous handful of years and the ultimate recognition from a
company that management considers to be the veritable leader in
cutting-edge financial technology, Visa®. Not only is the ability
to autonomously issue Visa Cards a massive advantage for the
Company, but the ability to directly acquire transactions within
the Visa® system is a mammoth achievement for any Fintech Neobank.
Incorporating the innovative Visa Direct® instant payment program
into RevoluPAY nullifies the world's borders, eradicating barriers
of clumsy and archaic Swift, ACH, or SEPA bank transfers. Such
efficiency benefits billions of unbanked citizens worldwide or
those disenchanted with high street banks as Open Banking begins to
transform our financial landscape. Today's consumer seeks an
instant means to transact anywhere on earth for the lowest possible
cost, which RevoluPAY has achieved and will continue to propose.
The inherent benefits of this Visa® landmark technology alone are
highly advantageous to many of the Company's existing revenue
verticals, undoubtedly rendering RevoluPAY the go-to banking app of
the future. Visa® TAP-TO-PHONE is another unique technology that
will thrust RevoluPAY into the higher echelons of mobile banking,
liberating phone-based banking and making the decades-old plastic
cards virtually extinct. The Company considers this new direct
alliance with Visa® as a pivotal moment, allowing us to provide the
services that our users seek.
Additionally, white-label partners can reap the
rewards of a relationship with RevoluPAY, securely handling
unlimited financial transactions through our financial licenses and
technology. Likewise, a complete package of white-labeled payment
cards allied to a white-labeled payment app deployable globally
could radically transform many companies. Whether it be DCEs
("Digital Currency Exchanges") pursuing an end-to-end financial
ecosystem for their users, a telecommunications company seeking to
enrichen their ability to crossover into the banking world, or 100s
of other businesses who desire a crossover into the financial world
as a means of generating additional revenue from their abundant
existing users. White-labelling of this now complete financial
technology package, in partnership with large, medium, or small
enterprises, is the future of RevoluPAY. Shareholders and
management see this path as the future of financial technology and
the financial world.
Links Used in this News Release.
Nasdaq Visa Inc.
https://www.nasdaq.com/market-activity/stocks/v Visa Europe Limited
https://www.visa.co.uk/about-visa/visa-in-europe.html VISA DIRECT -
https://usa.visa.com/run-your-business/visa-direct.htmlVisa
TAP-TO-PHONE -
https://usa.visa.com/visa-everywhere/innovation/connected-commerce/tap-to-phone.html
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,
Leisure payments, Travel Payments, etc. RevoluPAY employs
blockchain protocols and 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 EU Passporting.
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 189,607,876
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.
Revolugroup Canada (TSXV:REVO)
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