Personas Launches Paysonas Merchant and Crypto Payment Services

TORONTO--(BUSINESS WIRE)-- Personas Social Incorporated (TSX.V: PRSN) (the “Company” or “Personas”) is pleased to announce the launch of its Paysonas payment processing services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210310005314/en/

Paysonas.com

The Company is proud to announce the launch of its Paysonas suite of payment processing services. This marks a significant evolution of the business of the Company. Here-to-for the business of the Company has been exclusively focused on its livestreaming and video streaming services overlaid on a purpose built ecommerce and crypto enabled suite of payment technologies. These services have enjoyed the use of a proprietary payment processing platform designed by the Company’s CEO Mark Itwaru. Mr. Itwaru is a payment processing expert of note with numerous payment processing patents to his credit. The Company will now be offering these services to its clients and international user base under the brand Paysonas.

The Paysonas platform boasts a variety of unique payment processing capabilities such as, real-time online debit, Bitcoin processing. In addition, the Company will also be offering traditional online credit card payment processing, and electronic funds transfer (EFT) services.

Bitcoin Payments

Paysonas Bitcoin payments facilitates the spending of Bitcoin online and at retail locations.

Real-Time Online Debit

Real-Time Online Debit is a push payment service that allows users to send money from bank accounts to pay for online purchases. Transaction settlement times are normally measured in seconds as opposed to days for traditional ACH and EFT transactions.

The Company is very excited about the launch of its new services and is currently onboarding several new online merchants. The Company will issue periodic updates on select merchant acquisitions.

Forward Looking Statements

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect", "plan", "intend", "anticipates", "projects", "potential" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Forward-looking statements are statements that are not historical facts. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are risks detailed from time to time in the filings made by the Company with securities regulations. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

Please visit Paysonas.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210310005314/en/

Personas Social Incorporated
Mark Itwaru
Chairman & Chief Executive Officer
416-815-7000
[email protected]

Source: Personas Social Incorporated

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