MOBI724 ASIA Inc., a Subsidiary of MOBI724 Global Solutions Inc., & Weepay Deploy MOBI724’s EMV Solution With China Trust Bank Corp. Philippines (Ctbc) as Settlement Bank

MONTREAL, Aug. 02, 2018 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. (“MOBI724 GLOBAL” 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 announces that following the completion by MOBI724 Asia Inc. (“MOBI724 ASIA”), its Asian subsidiary, of the certification process and the latter’s commercial launch in the Philippines, MOBI724 ASIA through Weepay Payment Processing Corporation (“WeePay”), its distributor, has signed up and launched its commercial production in the Philippines with China Trust Bank Corporation (“CTBC”) as the Settlement Bank.

Under this agreement, Weepay will be soliciting and deploying merchants that will use POS terminals supplied by MOBI724 and its transaction switch for all its EMV Debit transactions across the Philippines. As MOBI724 ASIA launches different products in the Philippines, the agreement with WeePay will allow its customers to take advantage of all new applications that will be launched.

Marcel Vienneau pointed out that: “We are excited to be accelerating the rollout of our solutions and technology in the Philippines market with one of our partner’s (Weepay) leading banks”.

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.

About WEEPAY

WEEPAY is a duly registered Merchant Service Provider of Metrobank Card Corporation and BancNet. Our partners enable WEEPAY to accept VISA, MASTERCARD, and China UnionPay credit cards as well as BancNet, MegaLink, and ExpressNet ATM cards through POS terminals. WEEPAY is also an eMerchant Aggregator of BancNet and MegaLink for Online Payments. WEEPAY is authorized to acquire merchants who would like to accept payments via ATM Cards. WEEPAY is backed by a strong holding company – PLW Group of Companies with five core businesses such as stock brokerage; real estate; sales and distribution in telecommunications, mobile, FMCG and electronic consumer goods; pharmaceutical manufacturing and marketing cooperation with multinational companies; and distribution of branded consumer durable products. 

Legal Disclaimer

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:

Investor Relations:

Mr. George Aizpurua, Vice-President, Communications
First Canadian Capital Corp.
T: 647-500-2389/416-742-5600; E: gaizpurua@firstcanadiancapital.com 

Mr. Derek Lindsay
MOBI724 Global Solutions Inc.
Chief Financial Officer
T: 514-394-5200; E: derek.lindsay@mobi724.com 

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