Vancouver, British Columbia--(Newsfile Corp. - May 15, 2018) - Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (FSE: U06)
("UPCO") is pleased to announce that it is in discussions with Emoney plc www.emoney.com.mt to support Upco's monetary payment and transfer services within Europe. Emoney is a
Financial Institution, licensed in Malta with a European Passport, and has a decade of proven management experience in the world of
electronic money, issuance of online current accounts and issuance of rechargeable credit cards.
Under the model being discussed, Emoney would effectively act as Upco's banking institution partner, extending the reach of the
Upco App across Europe for Debit and Credit transactions, and ensuring full compliance with relevant regulatory frameworks within
the European banking community. User onboarding, including ID authentication, will be handled by Emoney. Upco presently has an
agreement in place with Transfer-To www.transfer-to.com which enables money transfer to a Mobile SIM of any user in the world. Emoney would issue a
sub-license to contract with Transfer-To regarding cross-border transfers. Once negotiations are completed and an agreement is in
place, Upco will initiate a project to integrate with Emoney via an API.
Mr. Andrea Pagani, CEO and President commented: "Upco's relationship with Emoney, leveraging our existing contract with
Transfer-To, represents a major milestone in deployment of a full-featured mobile payment and transfer application within our
E-wallet, while ensuring full regulatory compliance."
About Upco International Inc.
Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven
by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international
VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and
WhatsApp. With the forthcoming addition of the Upco E-Wallet using Blockchain Payment Services, users will be able to: send
invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments.
Please visit www.upcointernational.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrea Pagani, CEO and President
office@upcointernational.com
212-461-3676
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward- looking
information") within the meaning of applicable securities laws. Forward- looking information is typically identified by words such
as: "will" "may" "believe", "expect", "anticipate", "intend", "estimate", "development", "forthcoming", "potentially" and similar
expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking
information provided by Upco is not a guarantee of future results or performance, and that actual results may differ materially
from those in forward-looking statements.
