19:05:35 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Revolugroup Canada Inc
Symbol REVO
Shares Issued 224,212,906
Close 2024-01-12 C$ 0.07
Market Cap C$ 15,694,903
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Revolugroup, MyFullTrip form payment partnership

2024-01-15 12:51 ET - News Release

Mr. Gavin McMillan reports

REVOLUGROUP AND MYFULLTRIP FORGE GROUNDBREAKING PARTNERSHIP TO TRANSFORM PAYMENT SOLUTIONS AND ELEVATE CUSTOMER EXPERIENCES

Revolupay EP SL, a wholly owned subsidiary of Revolugroup Canada Inc., and MyFullTrip SA, a subsidiary of Vesilen Investment SL, have entered into a non-arms length technology sharing and licence transfer Memorandum of Understanding (MOU) that signifies a revolutionary step toward integrating an improved payment solution with loyalty program technology and personalized travel experiences, thereby redefining the customer experience.

Under the terms of this non-binding MOU, Revolupay and MyFullTrip aim to combine their technological proficiencies to offer a comprehensive range of products and payment services. MyFullTrip's loyalty tools for managing subsidy policies, its expertise in the tourism sector and its comprehensive marketplace will be critical elements in this collaboration. This MOU serves as a framework for future agreements and facilitates co-operation, fostering a relationship founded on mutual understanding and respect.

Bernard Lonis, chairman of Revolugroup and Vesilen, expressed his enthusiasm, stating: "This agreement will revolutionize the customer experience through a collaboration that honours the distinct characteristics of each participant. Our partnership with MyFullTrip unifies the merchant and customer with a unique buying experience combined with a loyalty platform which will be supported by the strong financial systems of Revolupay. This transformative alliance focuses on both mutual growth and ethical and fair growth."

Proposed innovative solutions through the MyFullTrip partnership

Revolugroup is also excited to unveil a suite of groundbreaking solutions proposed through this collaborative agreement; these solutions are proposed to include:

  • Revoluloyalty: A customer loyalty program designed to reward regular users of Revolugroup's suite of services with exclusive benefits and discounts. Using a points-based system, users accrue points every time they use any Revolugroup service, such as Revolupay, Revolusend, Revolucharge, Revoluutility or Revolufin. Accumulated points can be redeemed for various rewards, including service discounts, cash back or exclusive merchandise.
  • Revolupass: Revolupass provides a package of tourist experiences, enabling visitors to explore their destination, take advantage of its most attractive places, museums and theme parks, and enjoy additional tourist activities. It offers privileged or free access for a certain period, fostering a modern and welcoming image for the city and encouraging increased tourism and consumption. Under the terms of the MOU, this would include destinations offered through ADELYA's existing City Pass platform.
  • Revolubonus: A tool designed for public administrations, enabling them to digitally apply subsidies and aid directly to their population. It provides complete traceability and analysis of all data, transactions and execution of budgets such as consumption vouchers to retail trade, cultural or social vouchers.
  • Revolumarket: A proposed comprehensive marketplace that enables all retailers with a Revolupay merchant account to set up an on-line store. It allows them to sell their inventory worldwide by integrating payment and shipping systems on the same platform. These initiatives showcase Revolugroup's commitment to providing value-added services to its users and partners.

Gavin McMillan, chief executive officer of Revolugroup, said: "The proposed solutions will allow us to bring to market a unique loyalty tool designed to enhance our VIP travel platform, add additional benefits to our loyal Revolupay clients and white-label partners, as well bring further value to new retail commerce, wholesalers, shopping centres, associations, companies and organizations."

Non-arm's-length disclosure

Please note that Mr. Lonis serves dual roles as chairman of Revolugroup and Vesilon Investments, constituting a non-arm's-length relationship. All transactions and agreements involving these two entities are conducted with this relationship fully disclosed and considered. This ensures transparency, fair dealing and all agreements shall be written to meet all applicable laws and regulations.

About Revolugroup Canada Inc.

Revolugroup Canada is a multiasset, multidivisional, publicly traded Canadian company deploying advanced technologies in banking, mobile apps, money remittance, cross-border foreign exchange payments, mobile phone top-ups, e-gaming, health care payments, e-sports, invoice factoring, on-line travel, vacation resort, blockchain systems and fintech app sectors.

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