Mobi724 Announces Strong 2017 Growth in Payments Business With Transactions Up 120% and Sales Up 112%
MONTREAL, April 11, 2018 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (TSX-V:MOS) (OTCQB:MOBIF), a Fintech leader offering all-in-one, fully integrated EMV payment, Card-Linked Offers, Digital Marketing and Business Intelligence Solutions, announces that in FY 2017 its payments business recorded strong year over year growth with an increase of 120% in the total number of transactions processed in 2017 compared to 2016. In addition, the total value of the payments processed increased by 112% in 2017 compared to 2016.
Marcel Vienneau, CEO of MOBI724, said, "We are especially pleased to see that our payments business continues to grow and enjoyed record results in 2017. The growth achieved here provides a model for future growth in other markets. We continue to expand in the Amercias and are in the process of launching new clients in the Philippines.”
About Mobi724 Global Solutions Inc.
“We enable smart transactions anywhere”
MOBI724, a global Fintech company, offers a fully integrated suite of multiple Payment Card-linked, Digital Marketing and Business Intelligence Solutions, which work with any payment card, on any mobile device and at any Point of Sale; and a mobile EMV compliant payment platform. MOBI724 provides turn-key solutions for card associations, card issuers, banks, retailers, manufacturers, offer providers, to create, manage, deliver and track and measure incentive campaigns worldwide in real time. The company captures value from big data to deliver seamless and personalized user experiences for the benefits of all parties in the ecosystem. MOBI724 headquarters are in Montreal, Canada, and the company presently has operations in North and Latin America, the Caribbean and Asia Pacific.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances. The TSX Venture Exchange (TSXV) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
For further information, please visit www.MOBI724.com or contact:
Mr. Andreas Curkovic
Proconsul Capital Ltd.
Released April 11, 2018