SAN DIEGO, March 27, 2014 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) announced today that it has signed its first agreement in Brazil and expects several other agreements to follow as a result. This first agreement is with ABRATRAM, an association committed to the professionalism of the city of Sao Paulo's motorcycle couriers. Through MotoBanc, ABRATRAM's financial services provider for these couriers, ABRATRAM will complement an essential part of their mission to its member organization by providing customized payment solutions together with cash management options and member benefits. With over 220,000 couriers in the city of Sao Paulo and 2,000,000 in the greater Sao Paulo metropolitan area, the agreement with Global Payout creates a unique B2C solution that will enable MotoBanc members to perform their jobs more efficiently and safely, while accruing certain other membership related benefits.
The signed agreement calls for an expected initial delivery of 10,000 prepaid cards upon rollout. The full activation of these accounts and prepaid cards for ABRATRAM will result in significant transactional revenue to Global Payout in 2014, commencing in the third calendar quarter.
Global Payout's contract provides MotoBanc's couriers with a prepaid debit card solution along with money transfer options through its Consolidated Payment Gateway (CPG) platform. In addition to a more secure method of payments and disbursements through Global Payout, ABRATRAM will also provide its MotoBanc couriers with the option to receive health, life and liability insurance as well as preventative motorcycle maintenance programs. Each of these transactions will be managed by ABRATRAM through the Global Payout's CPG. This new and custom program will promote a new level of responsibility, professionalism and public safety to the city's motorcycle couriers and delivery professionals.
The motorcycle couriers in Sao Paulo are responsible for a variety of tasks from pizza delivery to the payment of utility bills for their customers. By utilizing the prepaid debit card, motorcycle couriers can reload their cards and manage various payments without the need to carry large amounts of currency during their workday. Reducing the need for cash-based transactions gives motorcycle couriers an added level of security and minimized risk while working in the field. MotoBanc will create the infrastructure through various locations in Sao Paulo to offer motorcycle couriers with a dedicated physical space with access to all of ABRATRAM's services during their busy workdays.
Jim Hancock, Global Payout's CEO stated, "Our unique and proprietary Consolidated Payment Gateway platform is opening huge opportunities on a global scale. And ABRATRAM and MotoBanc are opening the door for many additional opportunities in Brazil and South America. We look forward to building additional relationships in the region by solving many of the challenges that are present for international companies."
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a B2B purveyor of electronic payment solutions such as prepaid debit cards and e-wallet solutions specifically suited to: large, medium and small sized businesses, member organizations, governmental and non-governmental organizations, institutions, religious organizations, network marketing companies, unions and recipients of various kinds of financial aid. Global Payout's proprietary Consolidated Payment Platform (CPG) and prepaid debit card solutions, as well as other customizable payment solutions, uniquely serves an estimated $3 trillion market with an easier to use and a lower cost platform providing competitive and comparative advantages. The company's payment solutions, and U.S. and international prepaid card offerings allow issuers to distribute funds, and account holders with or without bank accounts to access and use funds, on a worldwide basis, for payroll purposes, vendor payments, rebates and general spend prepaid programs. Additionally, Global Payout is capable of including in these electronic payment platforms the ability to transfer money to bank accounts, credit cards and debit cards worldwide. The company stated publicly on January 14 that it believes 2014 will be its breakout year in sales revenue, new contracts and new clients. Accordingly, in the first quarter of 2014, the company will be able to transfer money to China Union Pay (CUP) accountholders in China and Asia (also Brazil and elsewhere), and by the second quarter of 2014, the company will be issuing CUP cards to employees, independent contractors or affiliates of Asian multi-national companies. The company has already established the ability for employees or members of international companies to transfer money to, and use, in Europe, Asia, Africa, South America and the U.S. (and more soon).
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
SOURCE Global Payout, Inc.