RevoluGROUP Canada Inc. RevoluPAY And AEVIS EUROPA SIGN DA
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Vancouver, BC, Jan. 28, 2022 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the "Company") is pleased to announce that RevoluPAY EP S.L. signed a Definitive Agreement ("DA") on the 24th of January 2022 with Aevis Europa. RevoluPAY EP S.L received a countersigned copy of the said agreement on the 26th of January 2022.
The present news release is issued in compliance with exchange policy 4.1 subsection 1.9 (b) Material Changes: "The Issuer must also disclose any Material Changes in respect of the Issuer which occur during the course of the Private Placement process."
RevoluPAY Unique PSD2 License Categories
The Company notified shareholders of granting the PSD2 license on May 21st, 2020. The "Issuer of Payment instruments" was a specific aspect of the unique license classifications granted to RevoluPAY. This feature of the PSD2 license permits RevoluPAY to ultimately develop into a Credit/Debit Card issuing entity. As cited in the Private Placement news release dated 21 January 2022, 1.26 million $CA from the pending private placement will ensure RevoluPAY EP S.L. paid-up share capital surpasses the minimum threshold recommended by the top 4 worldwide card issuer. The Company expects to close the Private Placement on or before 10th February 2022.
Links Used in this News Release.
Aevis Europa - https://www.aevisweb.com/
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, Crypto-to-fiat exchange, 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 employs blockchain protocols and is squarely aimed at the worldwide multi-billion dollar Open Banking sector and + $595 billion family remittance market. RevoluPAY® is operated by the European wholly-owned subsidiary RevoluPAY EP S.L situated in Barcelona. RevoluPAY is a licensed United States MSB, Canadian FINTRAC, and European PSD2 payment institution 6900 under the auspices of 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, 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.
RevoluGROUP Canada, Inc.
"Steve Marshall" ______________________STEVE MARSHALLCEO
For further information, contact:RevoluGROUP Canada Inc.Telephone: (604) 332 5355Email: [email protected]
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.
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