Mobi724 Global Solutions Inc. (CSE:MOS) files application for OTCQB joint listing
Mobi724 Global Solutions Inc. (CSE:MOS) files application for OTCQB joint listing in New York
– Momentum Public Relations –
Press Release: December 5, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, has filed its application to jointly list the company on the OTCQB venture markets platform.
“Following interest from US investors, brokers and investment bankers, the company has decided to proceed with co listing application of the company on the OTCQB venture markets. We are optimistic that this initiative will give our company more visibility in a market where the Fintech sector is thriving. We want to leverage the additional visibility that this platform will give us in the small cap audience across the border. This is an important part of our 2017 strategy to get more visibility of our company to this target audience. We believe that this could bring more efficiencies to our stock trading as well. I am doing a multi city investor road show in the USA this week to kick off this initiative” says Marcel Vienneau – CEO.
About OTC Markets Group
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OTC Markets Group (OTCQX: OTCM) is a public company traded on OTCQX under the symbol OTCM.
Please see our Investor Relations section for more information on OTC Markets Group.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Mobi724 Global Solutions Inc. (MOS:CSE) Q3 financial release – revenues increase by 707
Mobi724 Global Solutions Inc. (CSE:MOS) Q3 financial release – revenues increase by 707{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and net loss decrease by 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} over 9 months
– Momentum Public Relations –
Press Release: November 30, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS) (CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, has filed its Q3 financial results for quarter ending on September 30 2016.
Nine-Month Year-to-Date 2016 Highlights
- Revenue grew 707{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to $1.924M in 2016 from $272K in 2015
- Net operating loss decreased by 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to $1.885M from $2.160M in 2015
Nine-month period | ||||
2016 | 2015 | |||
$ | $ | |||
Revenues | 1 924 243 | 271 505 | ||
Total operating expenses | 3 808 859 | 2 432 043 | ||
Operating income (loss) | (1 884 616 | ) | (2 160 538) | |
Net financial expenses (income) | 771 074 | (78 780) | ||
Net income (loss) before income taxes | (2 655 690 | ) | (2 081 758) | |
Income tax expense (recovery) | 5 554 | 5 327 | ||
Recovery of deferred tax | (101 940 | ) | (101 940) | |
(96 386 | ) | (96 613) | ||
Net income (loss) | (2 559 304 | ) | (1 985 145) | |
Earnings (loss) per share (Note 12) | ||||
Basic and diluted | (0,03 | ) | (0,04) | |
Weighted average number of outstanding common shares (Note 12) | ||||
Basic and Diluted | 100 739 716 | 55 458 265 |
“These results reconfirms that our value creation strategy is gaining momentum. Our progress in our sales pipeline is such that we believe that 2017 will be a banner year for the company. We are about embarking on a USA and Canadian road shows to the investment communities so that they can better understand and appreciate our growth trajectory. We are expanding our talent pool and new key team members will be announced soon. The management and the board have focused on setting the stage for solid value creation in the coming year” says Marcel Vienneau – CEO.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
MOBI724 (MOS:CSE) at the vanguard of payments and coupon revolution
MOBI724 at the Vanguard of Payments and CouponRevolution
Original Posted by ProactiveInvestors
Card-linked technology is transformative for credit card points programs, the firm said
We all know that shopping isn’t what it used to be since the arrival of smartphones and e-commerce.
What you might not be aware of is that the payments, promotions and coupon landscape is also undergoing a seismic shift due to emerging technology.
At the vanguard of this revolution is rapidly growing fintech (financial technology) company MOBI724 Global Solutions Inc. (CSE:MOS), which provides consumer services that weren’t available as recently as two years ago and is participating in an expanding global market that this year has an estimated worth of $10 billion.
Specialising in card payments
The company specialises in card payments and its core business, explained Chief Executive Officer Marcel Vienneau, is its card-linked platform, which when combined with digital marketing represents a new ecosystem allowing banks, merchants and customers to transact more efficiently with each other.
Card-linked technology is transformative for credit card points programs, and in addition enables card users to receive a tailored stream of offers and promotions on their smart devices.
To give a sense of scale, the company’s website says there will be just over 1 billion mobile coupon users by 2019, up from just under 560 million this year.
MOBI724 also offers digital payments solutions.
“This type of technology simply didn’t exist two years ago,” said Vienneau. “We are selling our solutions primarily to card issuers or banks in different countries,” he adds, pointing out that the company has customers in Canada, Asia Pacific and Latin America. In the Canadian market alone it has 400 customers.
“Most banks, anywhere in the world, have points programs where they issue points when you spend with their cards. Most of these cards enable customers to redeem points and get a reward,” he said.
Reinventing the technology
Perhaps the most significant aspect of MOBI724’s technology is that it has reinvented a clumsy, 20-year-old cost and payment structure, and thereby helps banks to make more money from card transactions.
Vienneau offers some examples of how the system worked in the past and how MOBI724’s better approach makes a difference.
A credit card customer has been awarded 25,000 points for using his or her card and can therefore buy a product with a $250 gift card. The card-issuing bank bears the cost of producing a rewards catalogue and the shipping costs of any product bought.
Now, say that a customer goes to an actual store and wants to buy a gift for $400 and include the $250 gift card value as partial payment. The current system is disjointed and the balance can be made up from cash, or another credit card, which might not be linked to the points system. Obviously, the customer doesn’t get the benefit of gaining more points.
MOBI724 simplifies the process by bringing all the strands together. It links the credit card, which issued the points, with the gift card. A customer can make a payment with an app and it both acknowledges that the gift card has been used and applies the balance owing to the credit card that earns points.
Similarly, when someone is in a store MOBI724 can send a coupon based on location or the customer’s profile, then the coupon can be used moments later at the cash register. The system can also send offers directly to a smartphone at any time, regardless of whether the shopper happens to be at a store or not.
In the preceding case of the $400 purchase, the bank charges a percentage of the transaction value when the points are redeemed, and so does MOBI724. The bank also wins by avoiding the necessity of having to pay for catalogues and product shipping.
“This is a new way to transfer a cost structure into a revenue-driven model, and it is seamless for the user and the bank,” said Vienneau.
It also taps into the way people engage with their banks and financial institutions nowadays – namely, instead of going into branches and using ATMs, people are putting “plastic into phones” and want more personalised interaction.
“Banks are losing their branding abilities but this gives them more channel opportunities,” Vienneau explained.
MOBI724 has invested considerably in its “business intelligence” capabilities, which allow it to map out people’s past purchases, social media interests and other distinguishing characteristics so that it can target them with specific coupons and offers.
“We are not just throwing everything at them,” said Vienneau.
The digital marketing aspect of MOBI724’s technology should also be of interest to advertisers, he points out, as it reveals consumer spending habits and other tendencies.
To that end, the company has struck strategic alliances with several agencies to help further grow the business.
Sales projected to reach $2.75mln for 2016
And growing it certainly is. Two years ago,annual revenue at MOBI724 was just over $100,000, and last year came in at $450,000. For 2016, sales are projected to reach $2.75 million.
Vienneau, a tech entrepreneur who became Chief Executive Officer when the group listed on the Canadian Securities Exchange in February 2015, expects to double revenue in 2017, along with crossing the line into positive EBITDA territory around mid-year.
In the next 36 months, the aim is to have $50 million in annual revenue and an expanding sales pipeline.
Vienneau designed the card-linked technology himself, planning the concept on a single sheet of paper four years ago.
The digital coupon market is projected to be worth $50 billion in the next three years and he reckons MOBI724 is well positioned to win a meaningful piece of this.
The group already has a respected backer in the form of institutional investor Fidelity, which has been involved in four rounds of funding, the latest for a $1.5 million convertible debenture.
MOBI724 announced plans to raise $5 million in July, around half of which has already been obtained. The money will be used to drive growth, as the research and development phase is over and the various technology solutions are fully functional.
Significantly, MOBI724 owns all the intellectual property supporting its platform and has a patent pending.
Vienneau reckons that at a market cap of approximately $5 million, or around twice projected 2016 revenue, the share price offers good value to new investors. “The challenge for us is to go out there and tell our story,” he said. “In time, this should lead to the market understanding our huge potential.”
View Original – http://www.proactiveinvestors.com/companies/news/169469/mobi724-at-the-vanguard-of-payments-and-coupon-revolution-169469.html
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, Technology
Mobi724 (MOS:CSE) Signs Commercial Agreement and Closes Private Placement
MOBI724 Global Solutions Inc. Subsidiary iQ724 Inc Signs Commercial Agreement with Bane-Welker and MOBI724 Global Solutions (MOS:CSE) Closes $ 217,000 Private Placements
– Momentum Public Relations –
Press Release: November 1, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that iQ724 Inc. (“iQ”) a wholly owned subsidiary of MOBI724 has signed a commercial agreement with Bane-Welker Equipment to design, implement and operate a loyalty and digital marketing program for its 13 CaseIH agricultural dealerships in Indiana and OhioThe customer will also benefit from the Data Analytics and its business intelligence services.Bane-Welker Equipment is iQ’s first turnkey loyalty and digital marketing program in the United States. Bane-Welker’s 13 CaseIH agricultural dealerships is complemented by the other 13 Case IH agricultural dealerships that iQ also services in Canada.
The Company is also pleased to announce that it has successfully closed a second tranche equity private placement in the aggregate amount of $217,000.00 dollars by issuing 4,340,000 common shares (“Shares”) at $0.05. For each common share received, the subscribers were issued one common share purchase warrant at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire. The Company also converted of bona fide debt in the amount of $10,000.00 at a price of $0.05 per common share and $45,000.00 at a price of $0.063 for an aggregate issuance of 914,285 common shares.
The Shares were sold pursuant to exemptions from prospectus requirements to purchasers in Canada and are subject to a hold period of four months and one day following the closing of the private placement. The Shares are listed on the Canadian Securities Exchange (CSE). The Company will use the net proceeds to support project deployments of the Company’s solution, for ongoing obligations and for working capital requirements. Since August 31, 2016, the Company has raised $ 2.467 million dollars and this second tranche closing totals $467,000.00 in the aggregate with respect to the $1 million financing announced on September 6, 2016
About Bane Welker Equipment, LCC
Bane-Welker Equipment is a privately-owned Case IH agriculture equipment dealership with 13 locations in the Midwest United States. www.bane-welker.com
About iQ724
iQ724 is based in Montreal and was founded in 2007. iQ724 provides a customer retention/loyalty marketing platform to medium and large merchants iQ724 also provides professional services, digital marketing, data analytics and business intelligence solutions as part of their offering .For more information, visit: www.iq724.com
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions. We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend. MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets. Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home
MOBI724 (MOS:CSE) Subsidiary Signs Marketing Partnership Agreement With Ackroo
MOBI724 Global Solutions Inc. Subsidiary iQ724 Inc. Signs Marketing Partnership Agreement With Ackroo
– Momentum Public Relations –
Press Release: October 18, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that iQ724 Inc. (“iQ”) a wholly owned subsidiary of MOBI724 has signed a partnership agreement with Ackroo Inc. (TSX VENTURE:AKR)(OTC PINK:AKRFF) (“Ackroo” or the “Company”), a gift card, loyalty and rewards technology and services provider, and marketing services. Through this agreement Ackroo will provide its Ackroo Anywhere solution and iQ724 will provide their customized marketing services modules as a combined solution for merchants across North America. The initiative will support upselling Ackroo’s gift card and loyalty platform to iQ724 clients and upselling iQ724’s customized marketing services modules to Ackroo clients as well as pursing net new opportunities together via each companies channel partnerships.
“The partnership with iQ724 is a great advancement both solution and geographic wise for Ackroo” said Steve Levely, chief executive officer at Ackroo. “From a solution stand point the custom marketing services products that iQ724 provides will deliver a premium option for Ackroo to offer our current and prospective clients helping to attract and grow much larger merchants. Medium to large merchants demand advanced solutions like what iQ724 offers and so while Ackroo will continue to develop our core solution to support the small to medium sized marketplace this partnership will better position the Company to support large to enterprise accounts as well. The Ackroo base platform also provides a great advancement for iQ724 clients primarily around our gift card, mobile and e-com offerings, our additional point of sale options, plus our self-serve components. So a technical advancement for both organizations. Geographically iQ724 has a very strong presence in Quebec and is beginning to gain traction in the United States. Both are markets that Ackroo is looking to expand further into making the partnership even more valuable. “
“Ackroo will provide a much desired expansion of our digital marketing,enterprise level loyalty solutions outside of Quebec while at the same time offering iQ724 a gift card, mobile and e-com offerings and self- serve options to us in Quebec …our geographical and technological strengths complement each other perfectly” said Daniel Tardif, President of iQ724.
About Ackroo
Ackroo provides gift card and loyalty processing solutions to help small to medium sized businesses attract, retain and grow their customers and their revenues. Through a SaaS based business model Ackroo provides an in-store and online automated solution to help merchants process gift card & loyalty transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their gift card and loyalty accounts. Ackroo also provides important marketing services to assist their merchants with utilizing Ackroo’s technology solution. Ackroo is headquartered in Ottawa, Canada. For more information, visit: www.ackroo.com.
About iQ724
iQ724 is based in Montreal and was founded in 2007. iQ724 provides a customer retention/loyalty marketing platform to medium and large merchants iQ724 also provides professional services, digital marketing, data analytics and business intelligence solutions as part of their offering .For more information, visit: www.iq724.com
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home
The Many Pros of Mobile Couponing
The Many Pros of Mobile Couponing
– Momentum Public Relations –
Gone are the days of sitting down, browsing the newspaper for weekly deals and daily coupons. Over the past few years, the weekly coupon cutting has been replaced with online daily deals, loyalty cards and digital coupon apps. In fact, in the United States alone, 103 million adults used digital coupons online. This represents 52{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the population, with numbers only expected to grow within in upcoming years.
Mobile coupons have also grown in popularity over the last few years, and have benefitted companies who can now add deals and coupons in Apple’s passbook and through other mobile apps. This allow consumers to browse deals from brick and mortar stores, credit card in hand, rather than at home in front of their computers. Interestingly enough, 47{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of consumers would like to receive promotions and coupons on their devices when they are in or near retailers. Consumers carry their mobile phone wherever they go, using it as a main organizational tool in their lives. Knowing this, mobile coupons offer many advantages, even when compared to their digital counterparts.
For one, mobile couponing is mutually beneficial to both the consumer and the retailer. While consumers can view deals while in-store, saving them both time and money, the underlying technology allows merchants and retailers to measure real-time data on consumer purchases and buying habits, not to mention ROI. This information is vital in order to provide consumers with targeted discounts and coupons, which in turn creates more brand loyalty. We now see top retailers like Sephora, Target and even Starbucks offer coupons, conveniently accessible on a consumer’s smartphone. Retailers can also use special geo-targeting and proximity to end-user to ensure the most relevant ads are sent to certain consumers – they hit at the highest moment of impact, when the consumer can smell the fresh baked bread standing right outside the store.
Mobile coupons are also much more convenient over the traditional paper coupons – it’s much easier to show a barcode than to carry around countless pieces of paper, scurrying to find a relevant one at the cash register. As mentioned, consumers no longer need to browse weekly flyers and spend time cutting out relevant coupons. Because of the technology, companies can also send reminders to use mobile coupons, rather than leaving it up to the consumer to redeem.
Certain tech companies like Mobi724 Global Solutions have taken mobile couponing to the next level by allowing for the streamlining of mobile deals and couponing into what they call smart transactions. They allow the consumer to link all of their coupons and loyalty programs onto one banking card in order to benefit from a wide variety of discounts without even having to scan a barcode. With this technology, consumers can pick their interests and Mobi will find and link all relevant coupons to a credit or debit cards. This allows consumers the convenience of having to carry only one card, and to pick out areas of interest so that their deals are especially relevant. Using this smart transaction technology allows companies to target their coupons and advertising to the right consumers all while building brand loyalty and better customer relations. If there’s one thing the consumer has become less tolerant to through mobile couponing, it’s irrelevant advertising that is more difficult to ignore than through more traditional paper and digital couponing. This service also benefits the banks by ensuring constant use of the same bankcard on which the savings, thus ensuring better customer loyalty.
Statistically, mobile coupon users have higher household incomes, are better educated, shop more frequently than users of paper coupons. There will also be an estimated 1.05 billion mobile coupon users by the year 2019. These numbers show that smart transaction technology like Mobi’s will become increasingly popular, not to mention relevant. By offering targeted advertising, companies and larger retailers can create better relationships with their consumers and in turn, maximize their profits.
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions. They are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders.
For more information on Mobi724 please visit: www.mobi724globalsolutions.com
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, Technology
MOBI724 Global Solutions (MOS:CSE) Closes $ 750,000 Private Placements
MOBI724 Global Solutions (CSE:MOS) Closes $ 750,000 Private Placements
– Momentum Public Relations –
Press Release: October 7, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that on October 5, 2016, it has successfully closed a first tranche equity private placement in the aggregate amount of $250,000.00 dollars by issuing 5,000,000 common shares (“Shares”) at $0.05. The private placement included a conversion of bona fide debt in the amount of $25,344.51. For each common share received, the subscribers were issued one common share purchase warrant at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire.
The Company has also closed a secured convertible debenture (“Convertible Debenture”) private placement in the amount of $500,000.00. The Convertible Debenture will (i) mature on March 30, 2018 (the “Maturity Date”), (ii) bear interest at a rate of 8 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum, (iii) be convertible at the option of the holder into common shares of the Company (the “Shares”) on or prior to the expiry of the Term at a price of $0.15 (the “Conversion Price”) and (iv) be secured by the receivables of the Company limited to 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross revenues. Payments shall be effected every 6 months and shall be limited to 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross revenues collected and the holder shall have the option to be paid in cash or convert into Shares at the Conversion Price. The Company has the option to redeem the Convertible Debentures at any time prior to the expiry of the Term without penalty. Due to pari passu provisions in an existing and outstanding debenture recently issued to an institutional investor, the Company is also granting the same security in favour of the existing debenture holder.
The Shares and Convertible Debenture were sold pursuant to exemptions from prospectus requirements to purchasers in Canada and are subject to a hold period of four months and one day following the closing of the private placement. The Shares are listed on the Canadian Securities Exchange (CSE). The Company will use the net proceeds to support project deployments of the Company’s solution, for ongoing obligations and for working capital requirements. Since August 31, 2016, the Company has raised $ 2.25 million dollars and is currently working on closing another tranche of funding this month as previously announced.
The Company also announces that it recently ended its relationship with its current CFO-COO and that Mr. Michel David Pereira CPA CA will continue to execute the quarterly consolidated financials with internal accounting staff. The CEO, Marcel Vienneau stated that “we are currently concentrating our efforts in soliciting new team members.”
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home
Mobi724 Global Solutions (CSE:MOS) Announces Proposed $500K Secured Convertible Debt Financing
Mobi724 Global Solutions (CSE:MOS) Announces Proposed $500K Secured Convertible Debt Financing
– Momentum Public Relations –
Press Release: September 28, 2016
MOBI724 Global Solutions Inc. (“MOBI724″ or the”Company”) (CSE:MOS), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that it has authorized and is currently seeking financing by way of issuance secured convertible debentures (“Convertible Debentures”) for maximum proceeds of $500,000.00. The Company expects to use the net proceeds to support project deployments of the Company’s solution, for ongoing obligations and for working capital requirements.
The Company proposes to issue Convertible Debentures for a term of 18 months (the “Term”) bearing interest at a rate of 8 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum. The Convertible Debentures shall be convertible at the option of the holder into common shares of the Company (the “Shares”) on or prior to the expiry of the Term at a conversion price of $0.15. The Company has the option to redeem the Convertible Debentures at any time prior to the expiry of the Term without penalty. The Convertible Debentures will be sold pursuant to exemptions from prospectus requirements to “accredited investors” in Canada and will not be listed on the CSE, however the Common Shares issuable upon conversion will be listed and may be subject to hold periods prescribed by regulation.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
MOBI724 Global Solutions (MOS:CSE) Announces $1.0 Million Financing
MOBI724 Global Solutions (MOS:CSE) Announces $1.0 Million Financing
– Momentum Public Relations –
Press Release: September 6, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (MOS:CSE), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that it has authorized and is currently seeking to close private placements in the aggregate amount of 1 million dollars by issuing a maximum of 20,000,000 common shares at $0.05 per share including the discounts allowed by CSE policies. The subscribers shall also be issued one common share purchase warrant for every common share issued at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire. The common shares shall be sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will be listed on the Canadian Securities Exchange (CSE). The proceeds received will be utilized to support solution deployments as well as supporting the Company’s working capital requirements.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Mobi724 Global Solutions, Mobile Technology, News Home
MOBI724 Global Solutions Inc.’s (CSE:MOS) Authorizes an Unsecured Convertible Debenture for New Proceeds of up to $1,500,000
MOBI724 Global Solutions Inc.’s (CSE:MOS) Authorizes an Unsecured Convertible Debenture for New Proceeds of up to $1,500,000
– Momentum Public Relations –
Press Release: August 31, 2016
MOBI724 Global Solutions Inc. (“MOBI724”) (CSE:MOS) announces that the Board of Directors have approved the terms of a financing according to which the Company would issue an unsecured convertible debenture (Convertible Debenture) for new proceeds of up to $1,500,000 to an existing institutional investor which is set to close on September 1st, 2016. The Board has also agreed with the institutional investor to cancel an existing Convertible Debenture and to roll over the capital and interest in the amount of $1,205,566.03 into a new convertible debenture to be added to the new proceeds of $1,500,000 for an aggregate total of $2,705,566.03. The Convertible Debenture will mature on June 30, 2018 (Maturity Date) and will accrue interest at a rate of 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum. The Convertible Debentures shall be convertible at a price of $0.35 per common share. The Convertible Debenture will be sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will not be listed on the Canadian Securities Exchange (CSE). The common shares issuable upon conversion will be listed on the CSE and will be subject to a four month hold period from the date of closing. For more information, please consult the form 9 filed on the CSE website as required by CSE policies.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Mobi724 Global Solutions, Mobile Technology, News Home, Technology