RevoluPAY EP S.L. (“RevoluPAY”), a wholly owned subsidiary of
RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2), (Munich:
A2PU92), and MyFullTrip SA ("MyFullTrip") a subsidiary of Vesilen
Investment SL (“Vesilen”), are pleased to announce that they have
entered into a non-arms length technology sharing and license
transfer Memorandum of Understanding (MOU) that signifies a
revolutionary step towards integrating an improved payment solution
with loyalty program technology and personalised travel
experiences, thereby redefining the customer experience.
Under the terms of this non-binding MOU,
RevoluPAY, MyFullTrip aim to combine their technological
proficiencies to offer a comprehensive range of products and
payment services. MyFullTrip's loyalty tools for managing subsidy
policies, their expertise in the tourism sector and their
comprehensive marketplace will be critical elements in this
collaboration. This MOU serves as a framework for future agreements
and facilitates cooperation, fostering a relationship founded on
mutual understanding and respect.
Bernard Lonis, Chairman of RevoluGROUP
and Vesilen, expressed his enthusiasm stating, "This
agreement will revolutionise the customer experience through a
collaboration that honours the distinct characteristics of each
participant. Our partnership with MyFullTrip unifies the merchant
and customer with a unique buying experience combined with a
loyalty platform which will be supported by the strong financial
systems of RevoluPAY. This transformative alliance focuses on both
mutual growth and ethical and fair growth."
Proposed Innovative Solutions through
the MyFullTrip Partnership
RevoluGROUP is also excited to unveil a suite of
groundbreaking solutions proposed through this collaborative
agreement; these solutions are proposed to include:
- RevoluLOYALTY: A
customer loyalty program designed to reward regular users of
RevoluGROUP's suite of services with exclusive benefits and
discounts. Using a points-based system, users accrue points every
time they use any RevoluGROUP service, such as RevoluPAY,
RevoluSEND, RevoluCHARGE, RevoluUTILITY, or RevoluFIN. Accumulated
points can be redeemed for various rewards, including service
discounts, cash back, or exclusive merchandise.
- RevoluPASS:
RevoluPASS provides a package of tourist experiences, enabling
visitors to explore their destination, take advantage of its most
attractive places, museums, and theme parks, and enjoy additional
tourist activities. It offers privileged or free access for a
certain period, fostering a modern and welcoming image for the city
and encouraging increased tourism and consumption. Under the terms
of the MOU, this would include destinations offered through
ADELYA's existing "City Pass" platform.
- RevoluBONUS: A
tool designed for public administrations, enabling them to
digitally apply subsidies and aid directly to their population. It
provides complete traceability and analysis of all data,
transactions, and execution of budgets such as consumption vouchers
to retail trade, cultural or social vouchers.
- RevoluMARKET: A
proposed comprehensive Marketplace that enables all retailers with
a RevoluPAY merchant account to set up an online store. It allows
them to sell their inventory worldwide by integrating payment and
shipping systems on the same platform. These initiatives showcase
RevoluGROUP's commitment to providing value-added services to its
users and partners.
Gavin McMillan, CEO of
RevoluGROUP, said, "The proposed solutions will allow us
to bring to market a unique loyalty tool designed to enhance our
VIP travel platform, add additional benefits to our loyal RevoluPAY
clients and white-label partners, as well bring further value to
new retail commerce, wholesalers, shopping centres, associations,
companies, and organisations."
Non-Arms Length
DisclosurePlease note that Bernard Lonis serves dual roles
as Chairman of RevoluGROUP and Vesilon Investments, constituting a
non-arms-length relationship. All transactions and agreements
involving these two entities are conducted with this relationship
fully disclosed and considered. This ensures transparency, fair
dealing, and all agreements shall be written to meet all applicable
laws and regulations.
About
MyFullTrip MyFullTrip is a trailblazing travel
platform that is transforming how people discover the world and
engage with local businesses. Our innovative technology platform
specialises in creating personalised experiences, providing various
merchant-based voucher solutions. We offer:
- Direct connections between
customers and local merchants
- Cashback Rewards for shopping and
dining at local businesses
- Empowerment of local economies and
support for community growth
MyFullTrip also offers cutting-edge services to
public bodies like local and municipal governments and business
associations. We provide a sophisticated digital dashboard and a
rule-based administrative system to facilitate the distribution of
various subsidies. Our services have reached great heights, with
over 500,000 vouchers issued, equating to approximately 15 million
euros in value.
MyFullTrip has also signed an MOU with the
Spanish Confederation of Historic Centers
(COCAHI). This partnership proposes to extend the MyFullTrip list
of destinations, volume of vouchers and total value of vouchers -
to include the 60 cities represented by COCAHI across Spain.
COCAHI, a prestigious association dedicated to promoting the
development of trade, hospitality, and independent services in
Spain, brings to the table a vast network of resources and
contacts.
For more informationMyFullTrip WebsiteContact:
info@myfulltrip.com
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, 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 is aimed at the worldwide
multi-billion dollar Open Banking sector and + $630
billion family remittance market. RevoluPAY® is operated by
the European wholly owned subsidiary RevoluPAY EP S.L located in
Barcelona. RevoluPAY is a licensed United States
MSB, Canadian FINTRAC, and European PSD2 payment
institution 6900 under 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.
RevoluGROUP Canada, Inc.
"Gavin McMillan" ______________________Gavin
McMillanCEO and Director
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.sedarplus.ca
for further information.
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