Vancouver, BC – RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the "Company") is pleased to announce that RevoluPAY EP S.L. has begun processing Airbnb (Nasdaq: ABNB) payments. RevoluSEND and white label partners to offer "fee-free" remittances in support of the people of Ukraine.
RevoluPAY Adds Airbnb Processing
RevoluPAY has added Airbnb to its payment clearance services. Airbnb now joins Expedia, Booking Holdings, Booking.com, Priceline.com, Kayak.com, and Agoda.com, whose payments RevoluPAY has been processing since early 2020 but that had ceased due to COVID19. Airbnb has 5.6 million active listings in 220 countries and 100,000 cities. 150 million people use Airbnb to book vacation stays or experiences (Data: TheZebra.com). The unaudited turnover from an initial processing trial of Airbnb payments ascends to 57,801 euros (approx. CA$ 82,927). When processing Airbnb starts at full potential, allied to the post-covid restart in travel, the Company expects this to be a significant revenue source.
Ukraine Fee-Free Remittances
In support and solidarity of the people of Ukraine, the Company has chosen to provide "fee-free" RevoluSEND remittance services to Ukraine from today until further notice.
RevoluPAY Completes Share Capital Increase
RevoluPAY EP S.L. successfully achieved the paid-up share capital increase to a total of 1,615,000 Euros (approx. 2,336,726 $CA) on the 24th of February 2022. This important advent now clears the way for RevoluPAY EP S.L. to conclude the final steps with the top 4 worldwide card issuer. The Company expects to inform its shareholders of the affiliate member card issuer/acquirer status soon.
Links Used in this News Release.
Airbnb - https://www.airbnb.com/
RevoluSEND - https://revolusend.com/
Airbnb Host Data - https://tinyurl.com/4h6bdnb7
RevoluPAY Institution 6900 - https://tinyurl.com/5ymmkayh
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 squarely aimed at the worldwide multi-billion dollar Open Banking sector 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, 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 186,419,692 shares issued and outstanding.
RevoluGROUP Canada, Inc.
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RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
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.