Vancouver, BC and Barcelona, Spain, April 11, 2024 (GLOBE NEWSWIRE) — RevoluPAY EP S.L. (“RevoluPAY”), a completely owned subsidiary of RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) (the “RevoluGROUP” or the “Firm”) is happy to announce a strategic White-Label Settlement with the German fee providers supplier OZANK GmbH (“OZANK”). The white-Label settlement (signed on April 11th, 2024) focuses on the usage of RevoluSEND providers by way of seamless API integration to allow OZANK to broaden its transaction community to incorporate nations like India, North America and Mexico, China, Philippines, Indonesia, Singapore. Malaysia. UAE and Turkey. The settlement marks a big step in the direction of enhancing world fee options to those markets the place German annual remittances are estimated to be over $2.8B (Supply: KNOMAD/World Bank Bilateral Remittance Matrix 2021, December 2022.)
Beneath the white-label settlement with OZANK, RevoluPAY is about to supply a complete vary of providers by way of its RevoluSEND platform. This partnership allows OZANK to supply its clientele, together with retail customers, people, small companies, and freelancers. By integrating RevoluPAY’s APIs, OZANK will considerably improve its functionality to course of worldwide cash remittances and diversify its B2B and B2C market choices whereas retaining the OZANK model identification, powered by the technological and infrastructural prowess of RevoluPAY’s in depth community. Moreover, the settlement encompasses help for varied operational requirements, together with transaction monitoring, adherence to compliance requirements, and technological upkeep, showcasing a united entrance in the direction of attaining operational effectivity and strict regulatory compliance.
Alfredo Manresa, Director of RevoluGROUP and Normal Supervisor of RevoluPAY, stated, “I’m thrilled in regards to the collaboration with OZANK and our revolutionary Fee-as-a-Service options. This partnership underscores our dedication to delivering cutting-edge monetary know-how that empowers companies and people worldwide.”
The white label settlement outlines a construction for technological integration, compliance adherence, transaction monitoring, and help, making certain that OZANK’s shoppers take pleasure in a safe and environment friendly platform for his or her monetary transactions. With remittances estimated to have reached $630 billion in 2022 (World Bank Group, May 2022), this initiative additional underscores RevoluGROUP’s strategic growth as a world settlement supplier with the instruments and experience to permit organisations to develop and improve fee options on a world scale.
Gavin McMillan, CEO and Director of RevoluGROUP, said, “Our cloud-based payment-as-a-service mannequin delivers the worldwide settlement cloth, attain, velocity, and fee price effectivity essential to help monetary know-how firms, Neobanks, enterprise and world organisations with out counting on conventional banking establishments. By empowering people and organisations with these capabilities, we’re facilitating larger monetary inclusion and driving constructive financial affect on a world scale.”
About OZANK
OZANK GmbH is a fintech firm based mostly in Berlin, Germany and controlled underneath monetary regulatory Authority “Bundesanstalt für Finanzdienstleistungsaufsicht” (“BaFin”). OZANK is devoted to revolutionizing the best way people and companies conduct monetary transactions throughout borders. With a dedication to safety, effectivity, and person expertise, OZANK is about to be a number one participant within the monetary know-how sector, with remittances anticipated throughout Asia, Eurasia (Turkey) and the Center East (UAE).
Please observe that OZANK is at the moment working in stealth mode. RevoluGROUP will present additional updates to our shareholders when OZANK launches publicly. Keep tuned for additional bulletins.
For extra info on OZANK, please go to: www.OZANK.com
About RevoluPAY®
The Firm’s flagship Neobanking know-how is RevoluPAY®, the Apple and Android multinational fee app. Conceived solely in-house, RevoluPAY options proprietary, sector-specific know-how of which the ensuing supply code is the Firm’s mental property. RevoluPAY’s built-in options embrace Remittance Funds, Foreign exchange, Retail and Hospitality funds, Actual Property Funds, pay-as-you-go telephone top-ups, Reward Playing cards & On-line Credit, Utility Invoice funds, Leisure funds, Journey Funds, and many others. RevoluPAY is aimed on the worldwide multi-billion greenback Open Banking sector and + $630 billion household remittance market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY EP S.L positioned in Barcelona. RevoluPAY is a licensed United States MSB, Canadian FINTRAC, and European PSD2 payment institution 6900 underneath E.U. Directive 2015/2366 with EU Passporting.
About RevoluGROUP Canada Inc.
RevoluGROUP Canada Inc. is a multi-asset, multidivisional, publicly traded Canadian Firm that controls five wholly owned subsidiaries on 4 continents. RevoluGROUP deploys superior applied sciences in; Banking, Cellular Apps, Cash Remittance, Cross-Border Foreign exchange Funds, Cellular Telephone High-Ups, EGaming, Healthcare Funds, Esports, Bill factoring, On-line Journey, Trip Resort, Blockchain Techniques, and Fintech app sectors. Click here to learn extra.
For additional info on RevoluGROUP Canada Inc. (TSX-V: REVO), go to the Firm’s web site at www.RevoluGROUP.com.
RevoluGROUP Canada, Inc.
“Gavin McMillan”
___________________________
Gavin McMillan
CEO and Director
For additional info, contact:
RevoluGROUP Canada Inc.
Phone: (604) 332 5355
Electronic mail: 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 launch contains sure statements that could be deemed to be “forward-looking statements”. All statements on this launch, aside from statements of historic info, that tackle occasions or developments that Administration of the Firm expects, are forward-looking statements. Though Administration believes the expectations expressed in such forward-looking statements are based mostly on cheap assumptions, such statements will not be ensures of future efficiency, and precise outcomes or developments might differ materially from these within the forward-looking statements. The Firm undertakes no obligation to replace these forward-looking statements if Administration’s beliefs, estimates or opinions, or different elements, ought to change. Elements that might trigger precise outcomes to vary materially from these in forward-looking statements, embrace market costs, exploration and improvement successes, continued availability of capital and financing, and basic financial, market or enterprise circumstances. Please see the general public filings of the Firm at www.sedar.com for additional info.
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