SUIC Midas Is Setting up a Trust Fund to Handle the Payback Fund Receipts From Overseas Merchants and Partner Banks for the MT Flash Pay(TM) And MT Free Pay(TM) Transactions, Expecting a Monthly Turno
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NEW YORK, NY and TAIPEI, TAIWAN / ACCESSWIRE / August 2, 2021 / Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC). SUIC Midas USA, Inc. is setting up a trust fund to handle the payback fund receipts from overseas merchants and partner banks generated from the MT Flash Pay" and MT Free Pay" transactions. SUIC Midas is expecting over $1 billion revenues from its 10 partner PSP's.
"This exciting development will maximize the value proposition for the SUIC Midas-Suntech ecosystems and their partners and participants, while leveraging their unique products and services and exceptional DeFi technology capabilities. The much-needed funding will positively drive efficiency in their working capital and provide more opportunities for our investors and partners," affirms Yanru Zhou, CEO of SUIC Midas USA, Inc.
SUIC Midas Touch is going to replicate their exclusive business model in 40 countries, with over 20 payment service companies to join the company this year and into 2022. The company is in the final stages of identifying their partners in various countries, targeting one million merchants and a $10 billion dollars turnover rate by 2022. With over $100 million monthly turnover from each PSP's, SUIC Midas expects to generate over $2 billion turnover from 20 participating partner PSP's.
SUIC Midas Touch is confident that its traditional and DeFi supply chain financing solutions will be sustainable long-term for a wide cross section of personal and business users worldwide, enabling transactions that are automated, settlements are virtually instantaneous, eliminating main traditional counterparty risks.
About Midas Touch, United Kingdom
Midas Touch was established in the United Kingdom in 2010, is a duly registered company with a business license to operate. Midas Touch offers safeguards against fraud in the digital currency domain, e.g. counterfeit transfer of digital cash in wallets. Focus on digital asset management and provides enterprises with a decentralized finance (DeFi) and other comprehensive supply chain innovative financial services. Thereby, solve the capital turnover problems in both supply and demand sites. It has launched MT Flash Pay" Same Day Swipe-Funding, and MT CQ Pay" Emergency Loan with Double Revenues, MT Free Pay" Services - Delay Appropriation to Offset Transaction Cost and MT Unified Procurement" Combined Purchasing Powers Economies of Scale and several other financial solutions. To know more about Midas Touch, visit their website at www.midas-touch.io.
To learn more about Midas Touch product and services please review our information by clicking:
About SUIC Midas USA Inc., USA.
Established in the New York in 2021, SUIC Midas USA, Inc. is the U.S. branch of Midas Touch Technology Co. Ltd. registered in London, U.K., and is a digital asset management firm offering blockchain-based services for capital markets, including innovative DeFi (decentralized finance) and other supply chain financial services and solutions for capital turnover problems in the global supply and demand.
About Sino United Worldwide Consolidated Ltd., USA.
The Sino United Worldwide Consolidated Ltd. provides research and development, venture financing for and investing in private enterprises and the public sector that develop products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. Shareholders of SUIC will be exposed to the diverse application of advanced services in various parts of the economy. Additionally, existing and potential customers can benefit from this company's diversified portfolio of technologies. As one of the pioneering publicly traded technology companies, SUIC will help build tech-enabled businesses of the future. To learn more, please visit www.sinounitedco.com. Find us on:
On Twitter: https://twitter.com/OTCSUIC
On Telegram: https://t.me/Sinounited
Certain the information set forth herein contains 'forward-looking information', including 'future-oriented financial information'; and 'financial outlook' under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development, or otherwise under consideration; (vi) renewal of the Company's current agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained herein are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Sino United Worldwide Consolidated Ltd.
New Release Department
SOURCE: Sino United Worldwide Consolidated Ltd.
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