In Asia, especially in Korea, Japan, and China, consumers use mobile payment much more than credit cards. Globally, mobile payment growth is outpacing traditional credit card usage. Considering this now is the time to invest in fintech that can meet mobile payment demands.
Vinergy Capital, Inc. ( $VIN.C $VNNYF) engages in the acquisition, exploration and development of several diverse companies. Most recently they are investing in the fintech sector.
Today $VIN had some big news announcing that they have entered into a binding letter of intent to acquire 33% of a payment gateway platform.
Over the past 12 months, this platform has processed over $30M in merchant transactions.
The platform allows merchants to seamlessly accept diverse payments (including Bitcoin and other digital currencies) from consumers in real-time, without having to deal with the movement of funds from one currency to another.
In light of this news, $VIN is up 4.5% today trading at 0.115. MC is $12.07 M
https://www.globenewswire.com/news-release/2021/11/04/2327449/0/en/Vinergy-Acquires-33-Equity-Interest-in-Cross-Border-Payment-Platform.html