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CUV Ventures' RevoluPAY signs deal with Momopocket
2018-06-06 15:30 ET - News Release
Mr. Steve Marshall reports
CUV VENTURES CORP. REVOLUPAY S.L. SIGNS AGREEMENT WITH BANKING LICENSE PARTNER MOMOPOCKET EDE
CUV Ventures Corp.'s wholly owned subsidiary, RevoluPAY SL, has signed a definitive agreement with Momopocket EDE as the official load partner for the RevoluPAY blockchain-powered remittance and leisure payment app. Together with Momopocket, RevoluPAY members will be able to load (add funds) to their digital wallets using; Visa, Mastercard, AliPAY, SEPA, ACH, and Swift.
About Momopocket
Momopocket is an electronic money institution or EDE Banking Licensed entity, authorized by the Bank of Spain under, European E-money - Directive 2009/110/EC. Momopocket was launched in 2013 and is based in Granada, Spain, to process and manage digital money through mobile devices worldwide.
Enabling RevoluPAY members with multiple wallet load methods
RevoluPAY members will be empowered with wallet load capabilities (adding funds) through the following means:
Visa - Founded in 1958 by Dee Hock, VisaNet processes an average of 150 million transactions each day, or around 1,667 transactions per second on average.
Mastercard - Founded in 1966 by United California Bank, processes 160 million payment card transactions per day.
Alipay - Founded in 2004 by Jack Ma with over 520 million registered members, $519 Billion annual transaction volume and, 175 million transactions per day. Alipay controls approximately 70% of the Chinese payment market and, Alibaba subsidiary, Ant Financial, is rapidly expanding globally.
PayPal - Founded in 1998 by Elon Musk, Peter Thiel, Yu Pan, Max Levchin, Ken Howery, Luke Nosek with over 237 million registered members, $451 Billion annual transaction volume and, 208 million transactions per day. PayPal is available in 200 world markets.
Instant Transfers ACH - The Automated Clearing House (ACH) system was developed by the North American financial industry in the early 1970s as an electronic alternative to checks.
Instant SEPA Transfers - (Single Euro Payments Area) The SEPA zone comprises 34 countries, including 28 EU member states alongside Iceland, Monaco, Switzerland, Liechtenstein, Norway and San Marino.
SWIFT Wires - (Society for Worldwide Interbank Financial Telecommunication) The majority of international interbank messages use the SWIFT network. As of 2015, SWIFT linked more than 11,000 financial institutions in more than 200 countries and territories