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RevoluGROUP Canada Inc V.REVO

RevoluGROUP Canada Inc. is a Canada-based multi-asset, multidivisional payment services directive 2 (PSD2) central bank licensed company. The Company is deploying advanced technologies in banking, mobile apps, money remittance, cross-border forex payments, mobile phone top-ups, e-gaming, healthcare payments, e-sports, invoice factoring, online travel, vacation resort, blockchain systems, and fintech app sectors. Its segments include Travelucion S.L., RevoluPAY S.L., RP Payments S.L. and RevoluSEND. Travelucion S.L. is a licensed tour operator facilitator of RevoluVIP travel to +130 countries. RevoluPAY S.L. is a European Union (EU) PSD2 Licensed Neobank, a remittance and payment app designed as a payment platform. Its RP Payments S.L. segment is engaged in management of revenue verticals, central bank approved crypto exchange and storage. Its RevoluSEND segment offers family remittances and money transfers up to 3000 Euros (or foreign currency equivalent) to 117 countries.


TSXV:REVO - Post by User

Bullboard Posts
Post by kijijion Jul 21, 2020 9:24am
90 Views
Post# 31295107

REVOLUPAY REMITTANCES IN FIFTEEN COUNTRIES

REVOLUPAY REMITTANCES IN FIFTEEN COUNTRIES
REVOLUGROUP CANADA INC. BBVA DEFINITIVE AGREEMENT FOR REVOLUPAY REMITTANCES IN FIFTEEN COUNTRIES
 
Revolugroup Canada Inc.'s RevoluPAY SL signed a definitive agreement (DA) with BBVA (BTS) on July 20, 2020. The DA, approved between RevoluPAY CEO, Alfredo Manresa and, Aurora Garza Hagan, CEO of BBVA Transfer Services ("BTS") permits, with immediate effect, RevoluPAYtrademark family remittances at over 60,000 points of sale ("POS") agencies offered by www.bbvatransferservices.com in Mexico, Brazil, Argentina, Colombia, Dominican Republic, Panama, Bolivia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Paraguay, El Salvador, and Uruguay. The parties have agreed upon delivery commissions payable to BBVA ("BTS"), independent of the amount sent and per individual beneficiary delivery and origination via RevoluPAY for the countries mentioned above. As per the news release dated 25th May 2020, the parties completed the technology integration into an unreleased version of RevoluPAY, approved by BBVA. The Company will imminently release this BBVA version for Apple and Android devices to commence remittance flows. The upcoming version also incorporates a multi-currency user experience.
 
CEO, Steve Marshall, commented: "Since the advent of our PSD2 banking license on 21st May 2020, BBVA is the first of many top tier financial institutions looking to join forces with RevoluPAY and our proprietary financial technology."
Bullboard Posts