Canada Inc. (TSX-V:
REVO),
(Frankfurt: IJA2) (the "Company")
is pleased to announce that RevoluSEND started remittances to
Venezuela today. The Company has concluded the technical
integration of Venezuela into its remittance platforms and those of
white-label partners. Remittance deliveries have begun
successfully, with Venezuela being the 117th RevoluSEND remittance
country.
Increased
Venezuela Collection Points
Further to the news release dated September 5th,
2022, the Company has significantly increased its originally
planned national collection points by successfully incorporating
the previously announced 39 physical remittance collection points
from ITALCAMBIO, further adding 25 of the country's largest banks.
Families can now receive humanitarian remittances in USD and
Bolivares across 64 collection points covering the length and
breadth of Venezuela.
The Venezuelan
Remittance Market
The Venezuelan diaspora in the United States
comprises nearly 460,000 who were either born in Venezuela or
reported Venezuelan ancestry or race, according to tabulations from
the United States Census Bureau. A significant population of the
Venezuelan diaspora lives in Florida. Other significant Venezuelan
diaspora populations worldwide are: Colombia (2,009,000), Peru
(978,000), Ecuador (659,000), Chile (472,000), Brazil (361,000),
Spain (297,000), and Panama (121,528) as per United Nations
Population Division estimates.
Venezuela received family remittances of
approximately $3.54bn USD in 2021. The main remitting country was
the United States, with approx. USD $869,471,947, followed by Spain
$449,064,000, Chile $446,040,000, Colombia $442,984,500, Peru
$400,491,000, and lastly, Brazil $341,145,000.
RevoluGROUP USA Inc. Vice President
Emilio Morales Expands Media
Coverage
The Company is pleased to announce that
RevoluGROUP USA Inc., Vice President, Emilio Morales, continues the
RevoluSEND media blitz in the United States that began in March
2022. Over recent months numerous articles were published by the
highly targeted news outlets of Radio Television Marti, CiberCUBA,
and Diario de Cuba. The Company continues to increase its market
share for sending remittances within the Cuban and South American
expatriate communities across the United States.
Equity Investment Talks
Further to the news release dated October 17th,
2022, the Company would like to inform shareholders that the talks
are progressing positively, with both parties working towards a
final agreement regarding a potential equity investment in the
Company.
Links Used in this News
Release.
ITALCAMBIO Physical offices -
https://www.italcambio.com/sucursales.php Venezuelan Remittance
Data - https://tinyurl.com/bdzhdpjs Diario de Cuba -
https://diariodecuba.com/cuba/1664467093_42540.htmlCiberCuba -
https://tinyurl.com/yc2z3y36Radio Televisión Marti -
https://tinyurl.com/5xd8rmhx
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,
Gaming Credits, Leisure payments, Travel Payments, etc. RevoluPAY
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 E.U. 27 Country Passporting and official
issuer of Visa® Cards and
authorized Visa® Affiliate Member.
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 190,257,876
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.
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