MOBI724 Asia, a Subsidiary of MOBI724 Global Solutions, Begins Commercial Operations With a First Sponsor Bank in the Philippines
MONTREAL, May 10, 2018 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (TSX-V:MOS) (OTCQB:MOBIF), a global Fintech company, offering a fully integrated suite of multiple Payment Card-linked, Digital Marketing and Business Intelligence Solutions is pleased to announce that it started live processing of EMV payment transactions in the Philippines. After a rigorous certification process with BancNet, the largest interbank and payment processing network in the country, MOBI724 and one of its distribution partners are launching commercial operations with their first sponsor bank for EMV Debit payment transactions.
Marcel Vienneau, the CEO of MOBI724, said: "We are very pleased to launch our first commercial EMV payment transaction processing operation in the Philippines. All of our efforts will now be geared towards a rapid deployment. We are pursuing similar agreements with other banks, and we will add more products and solutions such as credit card transactions, and new innovative solutions currently in certification mode as our operations accelerate. We are focused on increasing our footprint in this country, and are fully committed to exploring the significant opportunities in collaboration with our existing distributors network in the Asia Pacific region.”
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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.
T: 416-577-9927; E: firstname.lastname@example.org
Mr. Derek Lindsay
MOBI724 Global Solutions Inc.
Chief Financial Officer
T: 514-394-5200; E: email@example.com
Released May 10, 2018