RevoluGROUP Canada Inc. (TSX-V: REVO),
(Frankfurt: IJA2), (Munich: A2PU92)
(the "Company") is pleased to announce that RevoluGROUP,
through its wholly owned subsidiary RevoluPAY, has entered into a
strategic collaboration with SHIFT Financial Services Ltd.
(“SHIFT”). This collaboration offers SHIFT intermediary transfer
solutions for core, high-value, and high-margin payment
transactions, leveraging the RevoluPAY innovative multi-currency
payment solutions catering to the dynamic needs of global
businesses and consumers.
"Our collaboration with SHIFT is a testament to
our commitment to providing top-tier financial solutions that meet
the evolving demands of the global market," commented Alfred
Manresa, Director of RevoluGROUP and General Manager of RevoluPAY.
"Together, we are setting a new standard for multi-currency
transactions, driving the digital payments revolution forward."
The agreement sets forth a detailed operational
framework that encompasses intermediary services for processing
international transactions streamlined through the RevoluPAY
platform. SHIFT has concluded extensive compliance and transaction
testing, delivering global transactions exceeding USD $400,000 in
under a week and is prepared to rapidly scale up transactions to
support clients evolving requirements.
Update on the Erik Riveros Agreement
RevoluGROUP is also excited to announce an
initial verbal agreement with Mr. Erik Aaran Lara Riveros, marking
a significant milestone in our commitment to innovate within the
financial sector. This agreement, built on mutual respect and a
shared vision for the future, underscores a firm foundation of
trust and collaboration. A key highlight from our discussions
includes Mr. Riveros's commitment to a $647,000 penalty payment,
demonstrating his strong belief and confidence in the shared
objectives. This amount will be held in trust as both parties enter
into a formal agreement to solidify our strategic partnership,
aiming to substantially increase transaction volumes and secure a
financial injection of up to CAD 12.47MM by Mr. Riveros into
RevoluGROUP Canada Inc.
Moving forward, both parties are focused on
finalising the written agreement and completing the due diligence
to ensure a seamless and prompt finalisation. RevoluGROUP will keep
its shareholders informed of any developments throughout this
process.
"Mr. Riveros's commitment and financial backing
are paramount to accelerating our mission of revolutionizing the
financial ecosystem.", remarked Gavin McMillan, CEO of RevoluGROUP
Canada Inc. "This partnership is an excellent example of the mutual
dedication to innovation, and we look forward to rapidly concluding
the steps necessary to move forward quickly and efficiently."
About SHIFT Financial Services
SHIFT Financial Services Ltd., based in the UK,
has rapidly established itself as a leader in the fintech space,
specialising in providing innovative and secure payment solutions
that cater to a diverse clientele ranging from individuals to
businesses. With a focus on compliance and customer satisfaction,
SHIFT utilises state-of-the-art technology to ensure that each
transaction is fast and secure, offering its users peace of mind.
The company is authorised by the Financial Conduct Authority (FCA)
and regulated by HMRC, underscoring its commitment to adhering to
the highest standards of regulatory oversight. SHIFT's suite of
services includes money transfers, mobile wallet solutions, and
custom payment services tailored to the specific needs of its
clients. Through its dedication to excellence and innovation, SHIFT
Financial Services Ltd. is reshaping the landscape of financial
transactions, making them more accessible, efficient, and safe for
all parties involved.
About RevoluPAY®
The Company's flagship Neobanking technology
is RevoluPAY®,
the Apple and Android multinational payment
app. Conceived entirely in-house, RevoluPAY features proprietary,
sector-specific technology of which the resulting source code is
the Company's intellectual property. RevoluPAY's built-in features
include Remittance Payments, Forex, Retail and Hospitality
payments, Real Estate Payments, pay-as-you-go phone top-ups, Gift
Cards & Online Credits, Utility Bill payments, Leisure
payments, Travel Payments, etc. RevoluPAY is aimed at the worldwide
multi-billion dollar Open Banking sector and + $630
billion family remittance market. RevoluPAY® is operated by
the European wholly owned subsidiary RevoluPAY EP S.L located in
Barcelona. RevoluPAY is a licensed United States
MSB, Canadian FINTRAC, and European PSD2 payment
institution 6900 under E.U. Directive 2015/2366 with EU
Passporting. RevoluGROUP Canada Inc. controls five wholly
owned subsidiaries on four continents.
About RevoluGROUP Canada Inc.
RevoluGROUP Canada Inc. is a multi-asset,
multidivisional, publicly traded Canadian Company deploying
advanced technologies in; Banking, Mobile Apps, Money Remittance,
Cross-Border Forex Payments, Mobile Phone Top-Ups, EGaming,
Healthcare Payments, Esports, Invoice factoring, Online Travel,
Vacation Resort, Blockchain Systems, and Fintech app sectors. Click
here to read more.
For further information on RevoluGROUP Canada
Inc. (TSX-V: REVO), visit the Company's website at
www.RevoluGROUP.com.
RevoluGROUP Canada, Inc.
"Gavin McMillan"______________________Gavin McMillanCEO
and Director
For further information, contact:RevoluGROUP
Canada Inc.Telephone: (604) 332 5355Email: info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that Management of the Company
expects, are forward-looking statements. Although Management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if Management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
Revolugroup Canada (TSXV:REVO)
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