MOBI724 Global Solutions Launches First Commercial Operations in Panama With a Leading Local Bank
MONTREAL, June 05, 2018 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (TSX-V:MOS) (OTC QB:MOBIF), a global Fintech company offering a fully integrated suite of multiple EMV payment, Card-Linked, Digital Marketing and Business Intelligence Solutions, today announced that it has launched its first commercial operation in Panama, with a leading local financial institution, implementing its Card-Linked Offers Solution.
MOBI724 has launched its Card-Linked Offers Solution (the “CLO Solution”) with a first bank in Panama, where cardholders will be able to redeem offers, coupons and campaigns instantly and directly at the point of sale, using their credit cards and in a seamless process both for the cardholder and the retailer, and where cardholders will receive a real-time campaign notification on their mobile devices at the time of the redemption transaction. The CLO Solution has been implemented using the Visa Offers Platform (“VOP”) to identify and match qualified transactions in real time.
Marcel Vienneau, CEO of MOBI724, said, “This is a great milestone for the Company, as we launch our first bank in Central America using the VOP. It will be the first Card-Linked Offer Solution launched in the region, and it represents only the first of many initiatives we are currently working on in the region.”
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, manufacturers, 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.
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. Andreas CurkovicProconsul Capital Ltd.T: 416-577-9927; E: firstname.lastname@example.org
Mr. Derek LindsayMOBI724 Global Solutions Inc.Chief Financial OfficerT: 514-394-5200; E: email@example.com