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VANCOUVER, British Columbia, July 21, 2020 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the “Company”) is admiring to advertise that RevoluPAY S.L. has active a Definitive Agreement (“DA”) with BBVA (“BTS”), on July 20th 2020. The DA, accustomed amid RevoluPAY CEO, Alfredo Manresa and, Aurora Garza Hagan, CEO of BBVA Transfer Services (“BTS”) permits, with absolute effect, RevoluPAY® ancestors remittances at over 60,000 credibility of auction (“POS”) agencies offered by www.bbvatransferservices.com in Mexico, Brazil, Argentina, Colombia, Dominican Republic, Panama, Bolivia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Paraguay, El Salvador, and Uruguay. The parties accept agreed aloft commitment commissions payable to BBVA (“BTS”), absolute of the bulk beatific and per alone almsman commitment and alpha via RevoluPAY for the countries mentioned above. As per the account absolution anachronous 25th May 2020, the parties completed the technology affiliation into an unreleased adaptation of RevoluPAY, accustomed by BBVA. The Aggregation will imminently absolution this BBVA adaptation for Apple and Android accessories to arise remittance flows. The accessible adaptation additionally incorporates a multi-currency user experience.
CEO, Steve Marshall, commented: “Since the appearance of our PSD2 cyberbanking authorization on 21st May 2020, BBVA is the aboriginal of abounding top coffer banking institutions attractive to accompany armament with RevoluPAY and our proprietary banking technology.”
BBVA is one of the world’s Top40 banking institutions, with about 783 US$ billion in assets. The history of BBVA began in 1857 in Bilbao, in arctic Spain. The all-embracing attendance of BBVA started in 1902 back the Banco de Bilbao opened a annex in Paris and 1918, addition in London. Today BBVA boasts branches in 17 countries and approx. 75 actor customers. BBVA’s 2019 acquirement was approx. €24,54 billion. The coffer currently has almost 140,000 advisers worldwide. In allegory to accustomed Canadian Banks, BBVA is added abundant than both Coffer of Montreal (BMO) and Canadian Imperial Coffer of Commerce (CIBC).
RevoluPAY Registered as E.U. Banking Academy 6900
Further to the account absolution anachronous 21st May 2020, the added paid-up allotment basic of RevoluPAY EP S.L. became ratified in the accompaniment account on 17th June 2020. RevoluPAY EP S.L. was assigned the European banking academy indicator cipher 6900 on 11th June 2020 through IBAN (International Coffer Account Number) activation for processing of cantankerous bound transactions. On the aforementioned day, RevoluPAY appeared on the European Cyberbanking Authority portal.
Links Utilized in This Account Release
Top 40 banks – https://accuity.com/resources/bank-rankings-top-banks-in-the-world/Wikipedia BBVA – https://en.wikipedia.org/wiki/Banco_Bilbao_Vizcaya_ArgentariaBBVA BTS – https://www.bbvatransferservices.com/BBVA Presentation – https://investors.bbva.mx/wp-content/uploads/2018/09/20180727-Corporate-Presentation-2Q-2018-1.pdfBOE – https://www.boe.es/borme/dias/2020/06/17/pdfs/BORME-A-2020-115-08.pdfBDE Page 74 & 219 – https://www.bde.es/f/webbde/SGE/regis/ficheros/es/renl184.pdfEU B.A. aperture and BDE Cyberbanking Registration – https://docdro.id/tAHHVC6
The Company’s flagship technology is RevoluPAY®, the Apple and Android bunch acquittal app. Built absolutely in-house, RevoluPAY appearance proprietary, sector-specific, technology of which the consistent antecedent cipher is the acreage of the Company. RevoluPAY congenital appearance accommodate Remittance Payments, Retail and Hospitality payments, Real Estate Payments, pay-as-you-go buzz top-ups, Gift Cards & Online Credits, Utility Bill payments, Leisure payments, Travel Payments, etc. RevoluPAY is powered by blockchain protocols, and, is absolutely aimed at the common multi-billion dollar leisure area and, $595 billion ancestors remittance market. RevoluPAY® is operated by the European wholly-owned accessory RevoluPAY S.L amid in Barcelona. RevoluPAY S.L is a self-licensed European PSD2 acquittal academy beneath the advocacy of E.U. Directive 2015/2366. RevoluGROUP Canada Inc. controls bristles wholly-owned subsidiaries on four continents.
About RevoluGROUP Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset, multidivisional about traded Canadian aggregation deploying avant-garde technologies in the; Banking, Mobile Apps, Money Remittance, Mobile Buzz Top-Ups, EGaming, Healthcare Payments, Esports, Invoice factoring, Online Travel, Vacation Resort, Blockchain Systems, and Fintech app sectors. Click actuality to apprehend more.
For added advice on RevoluGROUP Canada Inc. (TSX-V: REVO), appointment the Company’s website at www.RevoluGROUP.com. The Aggregation has about 165,098,265 shares issued and outstanding.
RevoluGROUP Canada, Inc.
“Steve Marshall”______________________STEVE MARSHALLCEO
For added advice contact:Don MosherRevoluGROUP Canada Inc.Telephone: (604) 685-6465Toll Free: 800-567-8181Facsimile: 604-687-3119Email: [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 absolution includes assertive statements that may be accounted to be “forward-looking statements”. All statements in this release, added than statements of absolute facts, that abode contest or developments that administration of the Aggregation expects, are advanced statements. Although administration believes the expectations bidding in such advanced statements are based on reasonable assumptions, such statements are not guarantees of approaching performance, and absolute after-effects or developments may alter materially from those in the advanced statements. The Aggregation undertakes no obligation to amend these advanced statements if management’s beliefs, estimates or opinions, or added factors, should change. Factors that could account absolute after-effects to alter materially from those in advanced statements, accommodate bazaar prices, analysis and development successes, connected availability of basic and financing, and accepted economic, bazaar or business conditions. Please see the accessible filings of the Aggregation at www.sedar.com for added information.
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