Awarded Payment Institution License & Announces Record Mthy VANCOUVER, BC, Aug. 11, 2021 /CNW/ - Mobilum Technologies Inc. ("Mobilum'' or the "Company'') (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology driven company making traditional finance accessible through compliant digital payment infrastructure and digital asset management technologies, is pleased to announce that the Company has generated a record Total Transaction Volume (TTV) of approximately CAD $5.3 million in July 2021, which represents 30% month over month growth from the previous month.
Mobilum O CEO, Wojciech Kaszycki, commented: "We are very pleased to see significant strength in our total transaction volume month over month as we continue to execute on our growth strategy."
Mobilum Pay LLC, a wholly-owned subsidiary of Mobilum O, has also been issued a Payment Institution License in Poland registered under ID MIP118/2021.
The registration allows Mobilum to engage in the following activities in Poland:
- Accept cash deposits and make cash withdrawals from a payment account
- Execution of payment transactions
- Issuance of payment instruments such as debit and credit cards
- Money remittance and transfer services
"We are pleased to complete our first step to becoming an Electronic Money Institution by registering as a Payment Institution License in Poland," said Kaszycki. "With this first phase of the process completed, the next step is to become a National Payment Institution which will allow Mobilum to engage in worldwide activities."