Mobi724 Signs a Commercial Agreement With Banco Promerica Guatemala
MONTREAL, Nov. 01, 2018 (GLOBE NEWSWIRE) — Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (TSX-V:MOS) (OTCQB:MOBIF), a global Fintech company, offering a fully integrated suite of multiple Payment Card-linked, Digital Marketing and Business Intelligence Solutions is pleased to announce, that its wholly owned subsidiary, Mobi724 Smart Transactions Inc., has entered into a commercial agreement with Banco Promerica Guatemala, a leading bank in the country and part of the Promerica Financial Corporation, one of the most important financial groups in the region an one of the largest Visa issuers in Central America, operating in 10 countries, to provide Mobi724’s suite of integrated Card-Linked Offers & Rewards Solutions through the Visa Loyalty and Offers Platform.
Mobi724’s CLOR solutions will enable members of Banco Promerica’s loyalty program to redeem offers, and pay with rewards points directly at the Point of Sale of participating retailers using a payment card in a single transaction.
Marcel Vienneau CEO of Mobi724 stated: ““We are thrilled to be able to offer our innovative technology and card-linked solutions to our first bank in Guatemala through our integration with the Visa Offers Platform. We look forward to delivering a seamless experience to Banco Promerica’s clients, and to maximize cardholders’ purchase activity to generate incremental revenues for the bank. ”
About Mobi724 Global Solutions Inc.
“We enable smart transactions anywhere”
Mobi724, a global Fintech company, offers a fully integrated suite of multiple Payment Card-linked, Digital Marketing and Business Intelligence Solutions, which work with any payment card, on any mobile device and at any Point of Sale; and a mobile EMV compliant payment platform. Mobi724 provides turn-key solutions for card associations, card issuers, banks, retailers, offer providers, to create, manage, deliver and track and measure incentive campaigns worldwide in real time. The company captures value from big data to deliver seamless and personalized user experiences for the benefits of all parties in the ecosystem. Mobi724 headquarters are in Montreal, Canada, and the company presently has operations in North and Latin America, the Caribbean and Asia Pacific.
About Banco Promerica Guatemala
Banco Promerica Guatemala, led by a multinational team of bankers, with extensive experience in the financial sector, is part of the Promerica Group which has more than 25 years in the financial industry, in nine countries in Central America, South America and the Caribbean; with presence in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Ecuador, the Cayman Islands and the Dominican Republic.
Banco Promerica is a leading bank in Guatemala, and provides a wide variety of banking and commercial services, focused on areas of consumer banking, business banking and electronic payment methods for different customer segments.
Legal Disclaimer
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute a solicitation to buy or sell any securities in the United States.
For further information, please visit www.MOBI724.com or contact:
Investor Relations:
Mr. George Aizpurua
Vice-President, Communications
First Canadian Capital Corp.
T: 647-500-2389/416-742-5600; E: gaizpurua@firstcanadiancapital.com
Ms. Rachel Girard
Chief Financial Officer
Mobi724 Global Solutions Inc.
T: 514-394-5200; E: IR@Mobi724.com