MOBI724 Global Solutions Inc. Announces its Intention to Apply to List its Shares on the TSXV
MOBI724 Global Solutions Inc. Announces its Intention to Apply to List its Shares on the TSXV
Momentum Public Relations
Press Release: July 25, 2017
MONTREAL, QUEBEC–(Marketwired – July 25, 2017) – MOBI724 Global Solutions Inc. (“MOBI724” or the “Company“) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing solutions, announces its intention to apply immediatly to list its shares on the Toronto Stock Venture Exchange (TSXV).
“During our funding efforts in the first quarter of 2017, many of our investors requested that the Company list its shares on the TSXV. As announced last Friday, that the Company had filed and received a receipt for its final short form prospectus. The completion of this very important step shows that the Board of Directors and the management of the Company continue to take steps towards the eventual attainment of this milestone.” Says Marcel Vienneau, CEO MOBI724.
About MOBI724 Global Solutions
MOBI724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. MOBI724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging 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. MOBI724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable 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.
Forward Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.mobi724globalsolutions.com
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Mobi724 Global Solutions Inc. Closes the Last Portion of the Acquisition with Former Shareholders of I.Q. 7/24 Inc. on Better Terms to Focus on its Growth Strategy Plan
Mobi724 Global Solutions Inc. Closes the Last Portion of the Acquisition with Former Shareholders of I.Q. 7/24 Inc. on Better Terms to Focus on its Growth Strategy Plan
MONTREAL, QUEBEC–(Marketwired – May 11, 2017) – MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, announces that it has successfully renegotiated the terms of the balance of sale of the acquisition of its wholly owned subsidiary I.Q. 7/24 Inc (“IQ”) and that it has paid the IQ former shareholders the amount of $800,000 in cash and has issued 3,492,958 common shares (the “Shares”) at a price of $0.355 for a value of $1,240,000. The total aggregate value of the renegotiated terms of the balance is $3,099,937 in Canadian dollars. After the aforesaid payment in cash and the issuance of the Shares, a final payment in the amount of $1,059,937 will be payable by September 10, 2017.
Marcel Vienneau, the CEO of the Company said, “We are very content with the outcome of the renegotiated terms as it will bring value to the Company. The renegotiated terms gives the Company the opportunity save approximately 2M dollars on the purchase Price which is a huge benefit to the Company and its shareholders. Both parties win as IQ724 gets their shares now and will benefit from the value created forward as we both focus on value creation. There are multiple synergies that will be acted upon now; there are many opportunities to grow this vertical from our global reach and mostly leverage IQ724 expertise and solutions for payment card issuers globally.” “We at iQ724 are excited and look forward to the next stage of our relationship with MOBI724 and that is leveraging our complimentary skill sets and technological advancements to generate innovative and profitable solutions for our customers,” said Daniel Tardif, President of iQ724.
About Mobi724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging 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. Mobi724 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.
Forward-Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.mobi724.com
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
Mobi724 to provide HSBC Argentina with loyalty services
Mobi724 to provide HSBC Argentina with loyalty services
– Momentum Public Relations –
Press Release: March 21, 2017
MONTREAL, QUEBEC–(Marketwired – March 21, 2017) – Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS)(CSE:MOS.CN) – a fintech leader offering integrated EMV payment, card-linked offers and digital marketing – wholly-owned subsidiary Mobi 724 S.R.L., an Argentine corporation, today announced an agreement with HSBC Bank Argentina S.A. to provide HSBC BANK ARGENTINA S.A. services related to technological solutions regarding HSBC BANK ARGENTINA customer loyalty and benefit program.
About HSBC Bank Argentina S.A.
HSBC Argentina Holdings SA is one of the most important financial organizations of the country, with 139 branches in 22 provinces and 4.743 employees.
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 4,000 offices in 70 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,375bn at 31 December 2016, HSBC is one of the world’s largest banking and financial services organisations.
About Mobi724 Global Solutions
Mobi724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN) is a fintech leader offering integrated EMV payment, card-linked offers and digital marketing. Headquartered in Montreal, Canada, Mobi724 is innovating its market with technology solutions that interoperate seamlessly with any credit/debit card and any mobile device. Mobi724’s solutions increase transaction volumes and average spend while benefitting financial institutions, merchants and cardholders.
For more information, visit www.mobi724globalsolutions.com.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.mobi724globalsolutions.com
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
What to Expect from FinTech this Year
What to Expect from FinTech in 2016
– Momentum Public Relations –
Financial technology is an area that moves quickly. Since this type of technology directly impacts commerce around the globe, it shouldn’t come as a surprise that there are a lot of incentives for companies to move this industry forward. While there’s been a lot of exciting advancements in this space over the last few years, 2016 is already shaping up to be an even bigger year for the industry.
To help shine some light on what you can expect from FinTech over the next twelve months, we’ve put together a list of seven trends and forecasts that are likely to stand out the most:
Making Compliance as Easy as Possible
The banking industry has plenty of indiscretions on its record. As a result, the industry is now facing even more regulation issues. These increased regulations are targeted at transactions both online and offline. Because compliance creates a lot of additional work for financial institutions, these requirements present a significant opportunity for companies that can develop FinTech solutions specifically designed around streamlining compliance issues.
Helping Consumers Become Smarter with Their Finances
It’s no secret that plenty of financial institutions have engaged in consumer practices that were misleading or even predatory. However, that doesn’t mean the entire industry is looking for opportunities to exploit consumers. On the contrary, there are a lot of startups and other companies throughout the FinTech space that are working hard to help consumers become even smarter and more empowered with their finances. Many of these efforts are focused at younger consumers dealing with issues like student loan debt or older consumers who have concerns about their retirement planning being adequate enough.
Providing a Wider Range of Payment Options
More businesses than ever before are engaging with consumers and other businesses across the globe. The globalized nature of commerce means that both individuals and organizations are looking for ways to facilitate transactions without long delays or expensive processing fees. In addition to all of the efforts being built around Bitcoin, there are many other financial technologies exploring various ways to make and receive payments on a global scale.
Creating New Channels for Loans
Although it’s possible to start many types of businesses with very little upfront investment, most businesses still need at least some capital to get off the ground or grow. That’s why a very interesting area within the FinTech space is companies that are allowing small businesses to bypass traditional lending institutions and secure the types of loans they need at very appealing rates. There’s also a lot happening around giving individuals more control in regards to obtaining and managing loans.
Improving the Online Shopping Experience
While online shopping has come a long way over the last few years, it’s still not as seamless as most consumers and merchants would like. This is especially true for mobile transactions. Not only are financial technology companies focused on smartphone online shopping, but plenty of companies within this space are looking at how more basic phones in developing parts of the world can be used to facilitate commerce.
Cutting Down How Long It Takes to Get Paid
Both small and large businesses spend a lot of time and resources on activities like collecting invoices and collections. Since those types of inefficiencies can cause cash flow crunches and other headaches, there’s a lot of incentive for FinTech providers to come up with solutions that streamline and speed up the process of collecting payments.
Taking a Stand Against Fraud
As the breaches of several very large companies have shown, financial information and assets still aren’t as secure as they should be. Although standards like EMV are already helping to reduce credit card fraud among in-person payments, the industry still has a long way to go to truly curb the amount of fraud that occurs in relation to both consumer and business finances.
- Published in Blog, Financial Technology, Mobile Technology, Technology
The Future is Now: Mobile Couponing Streamlined
The Future is Now: Mobile Couponing Streamlined
Momentum Public Relations
People have been using coupons for as long as the saving’s catalyst has existed. Interestingly, 315 billion coupons-valued at approximately 510 billion dollars-were distributed via all mediums in 2013. What’s more, it is estimated that there will be over a billion mobile coupon users by 2019, which is more than double the amount of digital coupon users in 2014. As can be seen, as technology has evolved over the decades consumers have looked for newer and more convenient ways to save. To address this growing problem Mobi724 was founded. Mobi724 is dedicated to one swipe couponing; a seamless transactional experience whereby consumers are able to enjoy digital promotional incentives-such as loyalty rewards rebates-via their mobile devices. Furthermore, their cutting edge technology provides proprietary payment processing that uses the latest security safeguards.
Interestingly, many enterprises are excited about the ingenuity that Mobi724 brings to the digital realm and are quickly joining in on the mobile couponing revolution. For instance, Mobi724 Global Solutions Inc. (MOS: CSE) recently signed a commercial agreement with Movistar to provide its cutting edge technology to its 17+ million subscribers. (View Press Release) As a result, any of its legions of dedicated subscribers will be able to take full advantage of their smart transactions technology at any point of sale that is operated by a participating retailer.
In terms of the industries that Mobi724s technology is currently targeting, large retailers, telecom providers, and banks are currently their three largest demographics. Of course, this is with good reason, as it will benefit consumers greatly in the long run. Imagine having to do away with a plethora of coupons and loyalty cards-such as Air Miles-by having all of the clutter seamlessly integrated into an existing debit card or credit card. Not only would such an integrated approach greatly convenience consumers around the world but retailers, telecom providers, and banks can also provide the service to entice new customers/clients to do business with them, while delighting existing customers; promoting customer/brand loyalty in the process.
Moreover, as an added bonus, the underlying technology that Mobi724 provides allows for instant, real time tracking of consumer and client behavior; allowing partnering enterprises to collect timely, accurate, and relevant data in regards to their clients’ spending habits and preferences. As a result, companies will be able to send their customers targeted coupons that cater to their unique needs; instead of the mass marketing “shotgun” approach that has left customers embittered and frustrated for the last few decades. Niche is the name of the game, and companies have quickly adapted to “future-tech” by being proactive instead of being passive reactionaries to the fluidity of the capitalist milieu.
In regards to how Mobi724 monetizes its tech, the concern collects a monthly maintenance fee for its integrated service platform as well as a modest percentage in revenue share from each coupon transaction. Furthermore, prognosticators estimate that 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the revenue that the company generates in the next 18 to 24 months will come from maintenance fees, while the remaining 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} will be generated via recurring revenue generated by transaction fees.
Given their forward thinking modus operandi, it is evident that their bottom line has ample space to grow exponentially in perpetuity. With new international conglomerates joining forces with Mobi724 with each passing day, and the use of coupons no longer being a taboo in our progressive postmodern zeitgeist, one can only imagine where Mobi724’s market share will be just 5 years from now. The sky is the limit, as Mobi724’s state of the art tech allows for coupons to be validated, consumer/client data to be collected, and relevant discounts to be relayed back to the customer, with a simple card swipe. Why go back to the future when the future is already here?
- Published in Blog, Mobi724 Global Solutions
Follow the Money: The Rise of Mobile Technology
Follow the Money: The Rise of Mobile Technology
Momentum Public Relations
The phrase “follow the money” has been used to suggest that finding the truth behind a political scandal can be achieved by investigating a series of financial transactions that will point directly to the main perpetrators. However, this phrase can have a much more positive connotation. If investors are seeking a good bet (and who isn’t) following the money often leads to opportunities for superior returns. Financial technology, or fintech, is an opportunity that needs to be explored in 2016.
Business segments that are profitable are frequently suitable targets for disruptive startups. This situation is most certainly the case in the Canadian financial sector. The major players are justifiably proud of their heritage, stability, and profitability. The worldwide financial crisis of 2008 was barely a blip on the radar screen of Canada’s financial institutions. They did not suffer a liquidity crisis. Profits soared again post-2009. The major Canadian banks recorded net profits 31.7 billion dollars in 2014, a slight increase from the total of 29.2 billion in 2013. The trend continued in 2015.
So why are the big banks, and a wide variety of other related financial services companies, preparing for waves of technology based disruption in 2016 and beyond? Simply stated, their profitability and relatively stable position exist in combination with an absence of agility. Large legacy companies have a hard time becoming agile despite rousing speeches from the C-suite. The opportunity for startups that bring new technological approaches to financial management is enormous because the potential audience is large. The early adopting customers alone, 2-3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the market, can generate revenue and profits that are too large to be ignored. Groundbreaking financial technologies are increasingly robust, and they are beginning to change the expectations and demands of consumers. Consequently, there is a high degree of likelihood that the entire sector is about to undergo a redefinition. Smart investors will follow the money and profit from the disruption!
Several emerging realities are at the core of the revolution in financial technology. There is an abundance of startups challenging the accepted norms of this highly regulated and traditional industry. The threat of disruptive entrants is forcing cautious organizations like banks and insurance companies to change or adapt their processes at a speed that may prove to be uncomfortable. Additionally, these startups are creating new products and services that are defining new market spaces.
Expect two significant financial technology trends to dominate the conversation in 2016. They include the need for increased data security coupled with a rise of mobile technology. Both trends have significant implications for the financial sector given that mobile transactions, while still nascent, are likely to grow exponentially over the next five years.
Entrepreneurs and investors have been quick to seize on this movement. Markets like Japan and Korea provide some early indications of how the field may sort itself out. Yes, the first wave of adoption has been dominated by the under 30-year-old cohort, but this is just the beginning of the wave. The fact is that over 2/3 of smart phone users have more than one shopping app on their device. However, there is a perception that using them is either a hassle or potentially not secure. Soon everyone’s grandma will use these apps along with a digital wallet. The challenge, for the moment, is to ensure that this technological change is easy to use and 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} secure. Most experts contend that the development of blockchain is a seminal event that will have broad implications for both challenges in managing mobile transactions. It has certainly grabbed the headlines and is celebrated as the functional dimension that makes Bitcoin usage possible. However, the Bitcoin phenomenon is likely more sizzle than steak. The real opportunity for blockchain lies in its potential to transform the way all financial transactions occur.
What is “a blockchain”? It is just a record, or ledger, of digital events. It is openly shared among many different parties and can only be updated by consensus of a majority of the participants in the system. And when data or information has been entered it can never be erased. It makes data manipulation and transactional fraud close to impossible because of the disparate and shared nature of the data. The result of secure transactions is that they lead to improved functionality and drive more usage. If the process is totally secure and incredibly easy why not use it?
Increasingly, everything is connected, and every connected device is becoming a commercial device. This connectedness is setting up an opportunity to develop superior tools to protect and secure the information that is being sent and stored. Financial institutions have historically been reluctant to make process changes because of legitimate security concerns and a variety of regulatory imperatives. Many of the things that look like changes have merely involved automating long-standing manual processes. Blockchain could change the paradigm completely. Once it is fully commercialized, it will provide opportunities to the financial sector. Startups are embracing this technology. They are seeking to invade traditional markets by offering new options and services that banks have been hesitant to embrace.
Several innovative fintech start-ups have been trumpeting marketing messages that threaten the existence of traditional banks. However, many of them are relying heavily on underlying infrastructure that banks provide to conduct their business. Some are beginning to operate as banks themselves and are free of dependency on other players. Building independent structures is a slow and expensive process, but the potential rewards may justify the strategic risk. In the meantime, the big banks are sending signals of “willingness to partner” with startups that have begun to carve into their traditional territory with new innovative products and services.
How does this impact the savvy investor? Just follow the money! The most likely scenario for many disruptive startups in fintech is that success and growth will result in an opportunity for their shareholders to cash out by being acquired and merged into the operations of existing financial institutions. Yes, there will be some fintech startups that won’t make it, and there will be some that emerge as stable standalone businesses. 2016 looks to be a watershed year in fintech – one to watch carefully for sure.
- Published in Blog, Business, Mobi724 Global Solutions