PSD2

PSD2 Banking License

On May 21, 2020, RevoluGROUP became the first Canadian company to be granted the prestigious PSD2 banking license via the company’s Barcelona based wholly owned subsidiary RevoluPAY S.L. One additional achievement was that RevoluPAY S.L. became the first new entity to be granted the coveted Pan-European PSD2 Open Banking license by the Central Bank of the Kingdom of Spain. Under the auspices of EU Directive 2015/2366, RevoluPAY is licensed by means of the said EU Banking Directive, administered by the European Commission as a payment service provider throughout the European Union (EU) and European Economic Area (EEA). Beyond the 27 EU member countries, through bilateral banking agreements or analogous licensing, RevoluPAY is pursuing the rapid penetration of the North and South American Markets, Asia and, subsequently, the rest of the world. The PSD2 directive's aim is to augment banking competition and engender participation in the payments industry from non-conventional banks, and to provide for a level playing field by harmonizing consumer protection and the rights and obligations for payment providers and users. The key objectives of the PSD2 directive are creating a more integrated payments market, making payments safer and more secure and protecting consumers. Prior to the granting of its PSD2 open banking license in 2020, during 2018 and 2019, RevoluGROUP developed and launched its proprietary flagship technology RevoluPAY®, the Apple and Android multinational payment app and the RevoluPAY app-linked Visa Card. Built entirely in-house, the RevoluPAY app features proprietary, sector specific, technology of which, where the resulting source code is the property of the company. RevoluPAY’s built-in features include: Leisure payments, travel payments, forex, retail and hospitality payments, Remittance payments, Real Estate payments, Healthcare Payments, Egaming, Esports, pay-as-you-go phone top-ups, Utility Bill payments, alternative Lending, etc. RevoluPAY is powered by blockchain protocols, and, is squarely aimed at worldwide multi-billion dollar leisure sectors and, + $595 billion family remittance market. Having processed millions of dollars in transactions over the past few years, RevolGROUP has demonstrated the robustness of its Fintech platforms and secured its place in the disruptive banking sector of the future. RevoluPAY Presentation

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