OLB....News Release this a.m
OLB Group Announces New Product, MOOLA Pay, a Mastercard Pre-Paid Card Providing Banking Services to the Unbanked and Underbanked Community
2024-11-21 06:02 ET - News Release
MOOLA Pay Card to Launch in First Quarter, 2025, Developed to Meet the Unique Needs of the Underbanked and Unbanked
NEW YORK, NY / ACCESSWIRE / November 21, 2024 / The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, announced today the introduction of MOOLA Pay through MOOLA Cloud moolacloud.com, an innovative and proprietary solution for the unbanked and under banked consumer sector serviced by bodegas and convenience stores in the region. With a scheduled market launch in the First Quarter of 2025, OLB Group will dramatically expand its merchant services offerings.
Ronny Yakov, CEO of OLB Group, said, "After an extensive development process, we are extremely excited to launch MOOLA Pay planned in the First Quarter, 2025. The new services and features are not only for mobile services and downloadable gift cards, but also for mobile Top-Up to a Point of Banking (POB) terminal."
Patrick Smith, VP Finance of OLB Group, added "With a distribution network of31,600 convenient stores and bodegas in the United States for MOOLA Pay, we look forward to a rapid rollout after launch."