RevoluGROUP Canada Inc. Comprehensive RevoluPAY Future Strategy

VANCOUVER, British Columbia, May 25, 2020 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt:IJA2) (the a??Companya??) is pleased to provide shareholders with a comprehensive outlook and short term projection concerning management objectives following the 21st May 2020 successful granting of the Central Bank issued PSD2 license to the wholly owned subsidiary RevoluPAY EP S.L. Todaya??s news release is intended to offer shareholders increased specificity at it pertains to the remittance business focused news issued on the 28th April 2020 and underline the recent unlimited payment processing ability that the company now boasts.
RevoluPAY MissionRevoluPAY has operated as the centralized closed-loop financial hub for all RevoluGROUP revenue verticals since the beta version debuted on 31st July 2018. The company has subsequently honed the RevoluPAYA®A AppleA andA AndroidA multinational payment app into a robust, central bank approved payment system, linked to an analogous physical RevoluPAY app-linked Visa Card. It is important for shareholders to note that, beyond the ensuing specific upcoming agreements cited below, the utilization of the aforementioned RevoluPAY Visa Card is operational at ATMs and merchants worldwide and is now able to handle unlimited amounts of cashflow. Previously shackled by transaction volume limitations while awaiting the advent of the now granted PSD2 license the company worked tirelessly, largely behind the scenes, to consolidate the succeeding future economic revenue infrastructure.The company will deploy a two-pronged approach to seek approximately 5% of 1st year market penetration into the remittance flows entering the countries displayed below. Firstly, the pursuit of prominent partners and their current user-bases through bilateral and mutually beneficial client onboarding which may include switching of clients from legacy systems to RevoluPAY and/or white label avenues yet to be divulged. Secondly, shareholders should be mindful of the inherent motivation for remittance senders to evoke the free download of RevoluPAY by family members and friends who are the habitual beneficiaries of their inbound remittance funds. Through preliminary field tests the company has discovered that 1 primary remittance sender/user propagates approximately 5 new app users autonomously, all in the absence of any marketing spend. Subsequently, those remittance receiving users solicit local users and propagate the app further amongst approximately 24 extra retailers or friends through eventual money distribution and daily payments. Another aspect which should not be overlooked is the cross platform use of our proprietary revenue verticals, which is further expected to exponentially expose additional users to the benefits of RevoluPAY, while simultaneously multiplying revenue from what was an initial seed source.Top 40 World Bank a?? Central & South America, Caribbean
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