26.03.2024 13:00:05 - dpa-AFX: GNW-Adhoc: RevoluGROUP Canada Inc. Announces White Label Partnership with MONECO France
Vancouver, BC, March 26, 2024 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-
V: REVO (http://web.tmxmoney.com/quote.php?qm_symbol=revo)), (Frankfurt: IJA2
(https://www.boerse-frankfurt.de/equity/revolugroup-canada-inc)), (Munich:
A2PU92 (https://www.boerse-muenchen.de/Aktie/CA76156R1029)) (the "RevoluGROUP"
or the "Company") is pleased to announce a strategic White-Label Agreement with
the French payment services provider MONECO France ("MONECO" or "MONECO.app").
The white-Label agreement (signed on March 23(rd), 2024), focuses on the white-
label use of RevoluSEND services through seamless API integration, marking a
significant step towards enhancing global payment solutions for Africans living
in Europe and the $6b+ remittances sent to French speaking countries in Africa
(Source: KNOMAD/World Bank Bilateral Remittance Matrix 2021, December 2022.
(https://www.knomad.org/data/remittances))
Under the white-label agreement with MONECO, RevoluPAY is set to offer a
comprehensive range of services through its RevoluSEND platform. This
partnership enables MONECO to provide its clientele with cutting-edge payment
and money transfer services, all while retaining the MONECO brand identity,
powered by the technological and infrastructural prowess of RevoluPAY's
extensive network. Additionally, the agreement encompasses support for various
operational necessities, including transaction monitoring, adherence to
compliance standards, and technological maintenance, showcasing a united front
towards achieving operational efficiency and strict regulatory compliance.
Alfredo Manresa, Director of RevoluGROUP and General Manager of RevoluPAY,
expressed his enthusiasm about the partnership, stating, "This alliance with
MONECO represents a significant milestone in our commitment to expanding
financial inclusivity across the globe. Leveraging our licensed technology, we
are thrilled to enable MONECO to offer their customers a seamless payment
solution, underscoring our directive to innovate and meet the dynamic needs of
today's consumers."
The white label agreement outlines a structure for technological integration,
compliance adherence, transaction monitoring, and support, ensuring that
MONECO's clients enjoy a secure and efficient platform for their financial
transactions. This initiative further underscores RevoluGROUP's strategic
expansion and dedication to fostering partnerships that enhance payment
solutions on a global scale.
About MONECO
Drawing from our diverse team backgrounds, MONECO keenly appreciates the
financial challenges shared by those in French-speaking Africa and individuals
affected by migration. Our personal experiences stretch from deep roots in the
African continent to life transitions toward Europe, encapsulating the
diaspora's narrative. This mixture of life stories drives our mission to provide
critical financial bridges between Europe and Africa.
Our dedication is embedded in the ambition to democratise financial access
across over 12 French-speaking African nations while also catering to the
African diaspora within Europe. MONECO offers a comprehensive array of services
designed to simplify and secure financial operations for our unique user base,
integrating mobile payments, currency exchange, and remittances.
MONECO has grown rapidly, supporting over 8,000 active users with 21,000 more
awaiting our advanced Neobanking solutions. This commitment has positioned us as
a critical ally in fulfilling the financial needs of Africans living and working
in Europe, underpinned by our leading-edge encryption and blockchain security
measures.
About RevoluPAY®
The Company's flagship Neobanking technology is RevoluPAY
(http://www.revolupay.es/)®, the Apple
(https://itunes.apple.com/us/app/revolupay/id1437640699) and Android
(https://play.google.com/store/apps/details?id=com.revolupayclient.vsla.revolupa
yconsumer&hl=en_CA) 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, 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 is
aimed at the worldwide multi-billion dollar Open Banking sector and + $630
billion (https://www.worldbank.org/en/news/press-release/2022/05/11/remittances-
to-reach-630-billion-in-2022-with-record-flows-into-ukraine) family remittance
market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY
EP S.L located in Barcelona. RevoluPAY is a licensed United States MSB
(https://www.docdroid.net/gDc85Wc/revolupay-msb-license-florida-pdf), Canadian
FINTRAC (https://www10.fintrac-canafe.gc.ca/msb-esm/public/detailed-
information/msb-
details/7b226d73624f72674e756d626572223a3136333133342c227072696d6172795365617263
68223a7b226f72674e616d65223a227265766f6c75766970222c2273656172636854797065223a31
7d7d/), and European PSD2 payment institution 6900
(https://euclid.eba.europa.eu/register/pir/view/PSD_PI/ES_BE!6900) under E.U.
Directive 2015/2366 with EU Passporting (https://docdro.id/pxKAGJc).
About RevoluGROUP Canada Inc.
RevoluGROUP Canada Inc. is a multi-asset, multidivisional, publicly traded
Canadian Company that controls five wholly owned subsidiaries
(https://revolugroup.com/subsidiaries/) on four continents. RevoluGROUP deploys
advanced technologies in; Banking, Mobile Apps, Money Remittance, Cross-Border
Forex Payments, Mobile Phone Top-Ups, EGaming, Healthcare Payments, Esports,
Invoice factoring, Online Travel, Vacation Resort, Blockchain Systems, and
Fintech app sectors. Click here (https://revolugroup.com/about/about-
revolugroup/) to read more.
For further information on RevoluGROUP Canada Inc. (TSX-V: REVO
(http://web.tmxmoney.com/quote.php?qm_symbol=revo)), visit the Company's website
at www.RevoluGROUP.com (http://www.revolugroup.com/).
RevoluGROUP Canada, Inc.
"Gavin McMillan"
______________________
Gavin McMillan
CEO and Director
For further information, contact:
RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
Email: info@revolugroup.com (mailto:info@revolugroup.com)
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
(http://www.sedar.com/) for further information.
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