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TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, Feb. 16, 2017 /CNW/ - First Global Data ("First
Global" or the "Company") is pleased to advise that it has signed an agreement with Dili Capital Corp. ("Dili Capital"), and
Integrated Benefits Limited ("RIBS") for the deployment of First Global's mobile payment service to more than 10 million users in
Nigeria.
RIBS is a Nigerian based organization that manages social benefits programs for payment to more than 10 million beneficiaries
in Nigeria.
Dili Capital will finance the initiative and partner with RIBS for the launch of First Global's mobile wallet and mobile
payment solution in Nigeria.
Andre Itwaru, First Global's Chairman and CEO advises, "Using a FINTECH solution for social
benefits disbursements is not only efficient and cost effective, but is the way of the future. We are providing a solution for
the Nigerian population but also intend to roll out a government services distribution solution globally with a current focus on
Canada through our JV with Selectcore Limited, who are currently providing services in two
Canadian provinces."
About First Global
First Global is an international financial services technology ("FINTECH") company. The Company's two main lines of business
are mobile payments and cross border payments. First Global's proprietary leading edge technology enables the convergence of
compliant domestic and cross border payments, shopping, Peer to Peer ("P2P"), Business to Consumer ("B2C"), and Business to
Business ("B2B") payments. First Global enables its strategic partners and clients around the world with our leading edge
financial services technology platform.
Caution:
Neither TSX Venture Exchange Inc. ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered
or sold in the United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor
shall there be any sale of the securities offered in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
Forward Looking Information:
This news release contains "forward-looking information" within the meaning of applicable securities laws. Although First
Global believes in light of the experience of its officers and directors, current conditions and expected future developments and
other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are
reasonable, undue reliance should not be placed on them because First Global can give no assurance that they will prove to be
correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements. The statements in this press release are made as of the date of
this release. First Global undertakes no obligation to comment on analyses, expectations or statements made by third-parties in
respect of First Global, its securities, or financial or operating results (as applicable). First Global disclaims any intent or
obligation to update publicly any forward-looking information, whether as a result of new information, future events or results
or otherwise, other than as required by applicable securities laws.
SOURCE First Global Data Limited
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