23:20:00 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Revolugroup Canada Inc
Symbol REVO
Shares Issued 224,212,906
Close 2024-03-18 C$ 0.06
Market Cap C$ 13,452,774
Recent Sedar Documents

Revolugroup partners with eSignus for payment platform

2024-03-18 11:21 ET - News Release

Mr. Gavin McMillan reports

REVOLUGROUP AND ESIGNUS: BRIDGING THE DIGITAL ASSET DIVIDE THROUGH REVOLUTIONARY INTEGRATION OF DIGITAL AND FIAT PAYMENT FABRICS

Revolugroup Canada Inc. has entered into a strategic alliance with eSignus, a leading developer of blockchain-based solutions and digital asset custody solutions. This landmark partnership is set to redefine the global payment landscape, merging traditional payment infrastructures with cutting-edge custody solutions for the estimated $1.42-trillion (U.S.) digital asset market. Together, the companies aim to revolutionize financial transactions and pave the way for innovative advancements in the industry.

This partnership's heart is integrating with the eSignus platform to provide unprecedented flexibility in payment and fund transfers. This integration facilitates seamless on-ramp/off-ramp for digital asset transactions and significantly enhances Revolugroup global payment fabric. The collaboration opens up many channels for making and receiving payments, managing bills, and beyond, catering to the evolving needs of the worldwide consumer and notably empowering the often-overlooked nomadic workers with more versatile financial options.

Daniel Hernandez, chief executive officer and co-founder of eSignus, remarked: "By combining our strengths, we are enhancing the concept of a seamless and more inclusive financial ecosystem that embraces the digital assets. Our vision aligns perfectly with Revolugroup's, and, together, we are setting a new standard for global financial transactions, making them more accessible, efficient and secure for everyone, everywhere."

Introducing Revolugroup global payment fabric

Revolugroup is pioneering a transformative approach to global finance. It seamlessly weaves traditional and digital currencies into a dynamic financial ecosystem that transcends borders, empowering individuals and businesses with streamlined, secure and accessible financial solutions worldwide.

The Revolugroup global payment fabric is a highly integrated, versatile network of interconnecting licences, partner channels and payment networks that support an extensive array of financial transactions on an international scale. This vision embodies the creation of a fluid, secure and adaptable financial ecosystem, bridging the realms of conventional and digital currencies. By harnessing cutting-edge technologies, including blockchain, Revolugroup is poised to revolutionize the user experience, offering various payment solutions ranging from cross-border and mobile banking to digital-asset-based services. This global payment fabric is designed to simplify financial processes for businesses and individual consumers, and to pioneer new pathways for financial inclusivity, delivering innovative financial products to underserved communities.

Gavin McMillan, CEO of Revolugroup Canada, expressed immense satisfaction with the progress of this collaboration, stating: "Seeing my vision of a new, innovative and collaborative global payment fabric coming to life is truly exciting. The partnership with eSignus signifies a monumental shift in the payment industry, poised to redefine the standards of convenience, efficiency and security on a global scale. We are not just creating a payment network, we are weaving many different financial transaction solutions into one, making them universally accessible and fundamentally transforming how the world engages with money."

The company has already begun promoting the global payment fabric to new and existing clients, and anticipates announcing more strategic bilateral trading partnerships with clients and alternative payment networks in the near future.

Unlocking the future of finance

The partnership with eSignus offers Revolugroup the opportunity to expand the reach its global payment fabric to include access to a market with over $1.42-trillion (U.S.) in transaction volumes in 2023. This represents a significant step forward for the company, and also provides the ability to enter enhanced partnerships with digital asset exchanges and other financial service organizations, such as providers of digital asset backed loans. A relatively new concept in the financial world, these types of loans allow clients to leverage their digital asset holdings as collateral to secure fiat loans.

About RevoluPAY

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 (foreign exchange), retail and hospitality payments, real estate payments, pay-as-you-go phone top-ups, gift cards and on-line credits, utility bill payments, leisure payments, travel payments et cetera. RevoluPAY is aimed at the worldwide multibillion-dollar open banking sector and over $630-billion family remittance market. RevoluPAY is operated by the European wholly owned subsidiary RevoluPAY EP SL located in Barcelona. RevoluPAY is a licensed United States MSB (money services business), Canadian FINTRAC (Financial Transaction and Reports Analysis Centre of Canada) and European PSD2 payment institution 6900 under the auspices of EU (European Union) directive 2015/2366 with EU 27 country passporting, and official issuer of Visa cards and authorized Visa affiliate member. Revolugroup Canada controls five wholly owned subsidiaries on four continents.

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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.