Breaking
#Payment News; Upco International (CSE: $UPCO.C) (OTC: $ UCCPF) (FSE: U06)
Selects Emoney plc
Vancouver, British Columbia
- May 15, 2018 – (Investorideas.com Newswire) Upco International Inc. (CSE:
UPCO) (OTC: UCCPF) (FSE: U06)
("UPCO") is pleased to announce that it is in discussions with Emoney
plc www.emoney.com.mt to support Upco's monetary
payment and transfer services within Europe. Emoney is a Financial Institution,
licensed in Malta with a European Passport, and has a decade of proven management
experience in the world of electronic money, issuance of online current
accounts and issuance of rechargeable credit cards.
Under the model being
discussed, Emoney would effectively act as Upco's banking institution partner,
extending the reach of the Upco App across Europe for Debit and Credit
transactions, and ensuring full compliance with relevant regulatory frameworks
within the European banking community. User onboarding, including ID
authentication, will be handled by Emoney. Upco presently has an agreement in
place with Transfer-To www.transfer-to.com which enables money
transfer to a Mobile SIM of any user in the world. Emoney would issue a
sub-license to contract with Transfer-To regarding cross-border transfers.
Once negotiations are
completed and an agreement is in place, Upco will initiate a project to
integrate with Emoney via an API.
Mr. Andrea Pagani, CEO and
President commented: "Upco's relationship with Emoney, leveraging our
existing contract with Transfer-To, represents a major milestone in deployment
of a full-featured mobile payment and transfer application within our E-wallet,
while ensuring full regulatory compliance."
About Upco
International Inc.
Upco International Inc. is a cloud-based mobile service
company which provides high-quality voice termination to a market driven by the
growing activity in online communications and commerce. Upco is a licensed
Global Telecom Carrier within the international VoIP (voice over IP) wholesale
business. Upco has designed a software application for Apple iOS and
Android, similar to SKYPE and WhatsApp. With
the forthcoming addition of the Upco E-Wallet using Blockchain Payment
Services, users will be able to: send
invoices, approve payments, transfer international funds, convert international
currencies, and track transfers and payments.
The application will also allow vendors to securely share account
information with their clients.
Please
visit www.upcointernational.com for further information.
ON
BEHALF OF THE BOARD OF DIRECTORS
Andrea
Pagani, CEO and Director
Forward-Looking
Statements
This press release contains forward-looking information
or forward-looking statements (collectively "forward- looking
information") within the meaning of applicable securities laws. Forward-
looking information is typically identified by words such as: “will” “may”
"believe", "expect", "anticipate",
"intend", "estimate", “development”, “forthcoming”,
"potentially" and similar expressions, or are those, which, by their
nature, refer to future events. Upco cautions investors that any
forward-looking information provided by Upco is not a guarantee of future
results or performance, and that actual results may differ materially from
those in forward-looking statements.
Upco International Inc. (CSE: UPCO)
is a featured company on Investorideas.com
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