Vancouver, BC – RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the "Company") is pleased to announce that it has today incorporated into RevoluSEND sixty-eight extra countries and territories. Leveraging the PSD2 banking license and passporting approval, RevoluSEND now permits instant in-app remittance and bank transfers to an impressive group of additional countries.
SEPA & IBAN Added to RevoluSEND
Further to the news release dated 24th November 2020, the Company has completed the integration of 68 additional countries and territories into the RevoluSEND remittance vertical ahead of schedule. RevoluPAY app users may now send via RevoluSEND instant in-app transfers to proprietary or third-party bank accounts in; Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain, Greece, Greenland, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Albania, Azerbaijan, East Timor, El Salvador, Georgia, Israel, Kazakhstan, Kosovo, Kuwait, Macedonia, Montenegro, Palestine, São Tomé & Príncipe, Saudi Arabia, Andorra, Bahrain, Belarus, Bosnia & Herzegovina, British Virgin Islands, Cyprus, Gibraltar, Iraq, Jordan, Lebanon, Luxembourg, Malta, Rep. Mauritius, Mauritius Islands, Moldova, Monaco, Pakistan, Qatar, Saint Lucia, San Marino, Serbia, Seychelles, Switzerland, Turkey, Tunisia, Ukraine, United Arab Emirates.
Additional Direct Passporting Countries
Additional to BTS and Thunes, the Company has also reached an autonomous interbank passporting functionality enabling bank transfers from RevoluPAY via RevoluSEND to Brazil, Costa Rica, Dominican Republic, Faroe Islands, and Guatemala. Since passporting countries are directly processed, no third-party delivery commissions are payable.
Open Banking Path Emerging
The Neobanking functionality of RevoluPAY is evolving into a one-stop banking app to challenge conventional bank accounts with proprietary mobile app-based technology. Today's step enables users to instantly transmit payments from RevoluPAY to an impressive swathe of countries expected to exceed 130 in total by year's end. As proved, RevoluSEND realizes such transactions at a fraction of the cost imposed by conventional banks or remittance entities. Future projected enhancements focus upon multicurrency, supporting in-app on-the-fly switchable currency accounts initially in CA$, USD, Euro, and GBP. Enabling RevoluPAY users to deposit a specific currency and transact directly in that currency is the next short-term corporate goal.
Exercise of Incentive Share Options
CEO Steve Marshall has exercised an initial tranche of 500,000 of the incentive share options announced on 26th June 2020 for a total of 120,000 $CA.
Links Used in This News Release
RevoluPAY Passporting https://shortly.cc/2AbXI
PSD2 License https://shortly.cc/KAaNM
Ukraine Remittances https://shortly.cc/odfxA
Romania Remittances https://shortly.cc/3nVNA
Poland Remittances https://shortly.cc/Oo0OA
Serbia Remittances https://shortly.cc/cPOw0
European Remittance Study https://shortly.cc/8tGgT
The Company's flagship technology is RevoluPAY®, the Apple and Android multinational payment app. Built entirely in-house, RevoluPAY features proprietary, sector-specific technology of which the resulting source code is the property of the Company. RevoluPAY built-in features include Remittance Payments, 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 powered by blockchain protocols and is squarely aimed at the worldwide multi-billion dollar leisure sector and, + $595 billion family remittance market. RevoluPAY® is operated by the European wholly-owned subsidiary RevoluPAY S.L located in Barcelona. RevoluPAY S.L is the self-licensed European PSD2 payment institution 6900 under the auspices of E.U. Directive 2015/2366 and 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 the; 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 166,414,015 shares issued and outstanding.
RevoluGROUP Canada, Inc.
For further information, contact:
RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
Facsimile: (604) 687 3119
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.