#Fintech #Stocks in the News: iQSTEL (OTC: $IQST) Expanding Products and
Digital Financial Services Offerings for the Global Markets; @IQstel
New York, NY, September 30, 2020 -- (Investorideas.com newswire) Breaking Tech/ Fintech Stock News at Investor Ideas - iQSTEL (OTC: IQST) today completed the official launch of its new Fintech Division. This expansion will be synergistic with iQSTEL’s existing Telco Division businesses while providing additional revenue stream options via a global Business-to-Consumer model (B2C), serving end-users around the world.
Read this news,
featuring IQST in full at https://www.investorideas.com/news/2020/technology/09301iQSTEL-Fintech.asp
Additional
information will be forthcoming, including our complete business plan and our
acquisition strategy that is independent from our Telco Division. The initial
target market is expected to include the immigrant population around the world,
a market sector we know well. Below is a list of some of the products and
services we are planning with our new Fintech Division:
*
Send money domestically and internationally with low fees.
*
Send money via SMS using our customized SMS service (smartphone not required).
*
Pay utility bills with minimal payment fees (mobile, electricity, gas
services).
*
VISA debit card solution for easy access to funds, could be sent to their
native counties.
According
to Global X and Mauro F. Romaldini (TopTal), the Fintech industry is growing at
an almost exponential rate with over $500B in annual remittances and over $1.5T
in annual mobile payments.
“The
knowledge gathered over the years through our Telco Division, along with strong
customer relations with the large mobile operators around the world, has
positioned iQSTEL to be the ‘point man’ between the immigrant end-user
population and global telecommunications systems, a perfect setup for us to
offer global FinTech products and services” stated Mr. Iglesias.
“Our current Telco Divisions revenue stream is
primarily generated from international SMS (65%) and VoIP international long
distance (30%). The development of our Fintech Division tied in to our
intricate immigrant population consumers and knowledge was a given. Helping
this sector transact digitally with near instant delivery, as compared to high
risk cash transactions and travel requirements, is expected to be a huge
benefit to the immigrant consumer. We continue to execute on our existing Telco
Division business plans and acquisition strategies with major updates coming
soon“, Mr. Iglesias, iQSTEL's CEO, concluded.
About iQSTEL Inc.:
iQSTEL Inc (OTC: IQST) www.iQSTEL.com is a US-based publicly listed company offering
leading-edge 21st Century Enhanced Telecommunications Services with a
focus on a wide range of cloud-based enhanced services to the Tier-1 and Tier-2
carriers, corporate, enterprise, as well as the retail market. iQSTEL through
its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, IoT Smart
Gas Platform, itsBchain offers a "one-stop-shopping” for international and
domestic VoIP services, IP-PBX services, SMS exchange for A2P and P2P,
OmniChannel Marketing, Internet of Things (IoT) applications (IoT Smart Gas
Platform), 4G & 5G international infrastructure connectivity, as well as
blockchain-based platforms: Mobile Number Portability Application (MNPA) and
Settlement & Payments Marketplace for VoIP, SMS and Data.
About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is a wholly owned subsidiary of iQSTEL Inc. Etelix.com
USA, LLC is a Miami, Florida-based international telecom carrier founded in
2008 that provides telecom and technology solutions worldwide, with commercial
presence in North America, Latin America, and Europe. Enabled by its
214-license granted by the Federal Communications Commission (FCC), Etelix
provides International Long-Distance voice services for Telecommunications
Operators (ILD Wholesale), and Submarine Fiber Optic Network capacity for
internet (4G and 5G). Etelix was founded in 2008 and has been profitable since
inception.
About SwissLink Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com
is a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a Switzerland
based international Telecommunications Carrier founded in 2015 providing
international VoIP connectivity worldwide, with commercial presence in Europe,
CIS and Latin America. SwissLink Carrier AG is a Swiss licensed Operator,
having a domestic Interconnect with Swisscom, allowing their international
Carrier Customers direct terminations via SwissLink into all Switzerland Fix
& Mobile Networks. Since the takeover from Swissphone in November 2018 and
the rename into SwissLink, they operate on a profitable level.
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com
is a 51% owned subsidiary of iQSTEL Inc. QGlobal
SMS is a USA based company and a commercial brand founded in 2020 specialized
in international and domestic SMS termination, with emphasis on the
Applications to Person (A2P) and Person to Person (P2P) for Wholesale Carrier Market and Corporate Market in US. QGlobal SMS has
commercial presence in US, Mexico, Latin America, EMEA (Europe, Middle East,
Asia) and Africa, through our SMS service providers based in Austin, TX and
Miami, FL Our Austin-based SMS service provider is specialized in the SMS
traffic exchange between US and Mexico, and our Miami-based SMS service
provider is focused in the development of Latin America and the rest of the
word. QGlobal SMS has robust international interconnection with Tier1 SMS
Aggregators, guarantying its customers high quality and low termination rates,
over more than 100 countries worldwide.
About Alcyon Cloud SMS S.A.S (Commercial Brand SMSDirectos.com ):
Alcyon Cloud SMS S.A.S. (Commercial
Brand SMSDirectos.com), is
a whole subsidiary of QGlobal SMS, a Colombian-based Application and Content
Provider. Alcyon Cloud SMS (SMSDirectos.com) is registered with the Secretary
of Information and Communication Technology (ICT) in Colombia, offering
services to government, enterprises, small and medium business, as well as
end-users. Using SMSDirectos’ existing network, they plan to expand services
from SMS to offer omnichannel products and services such as: SMS, Emails, RCS
(Rich Communications Services), Social Media Channels (Whats App, Messenger,
etc), WebRTC (Web Real-Time Communication), VoIP (IP-PBX, SIP Trunking)
ChatBots (Artificial Intelligence Based), SMS to Email, and Email to SMS.
About IoT Labs MX SAPI:
IoT Labs MX SAPI www.iotlabs.mx , a subsidiary of iQSTEL Inc, is an Internet of Things
(IoT) Mexican technology development company, creator of the “IoT Smart Gas”
Platform and Application. The IoT Smart Gas platform www.iotsmartgas.com consists of an IoT field device installed on the LP gas
tank (adaptable to virtually any gas or liquid storage tank) and, thanks to the
Internet of Things (IoT) technology via Sigfox or GSM network connectivity,
allows remote managed and improved logistic processes of refilling, usage
tracking and tank monitoring in real-time by the Smart Gas mobile app. The new
GSM tracking feature allows for mobile use including ground, air, and sea tank
monitoring.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a 75% owned subsidiary of iQSTEL Inc.
itsBchain is a blockchain technology developer and solution provider,
with a strong focus on the telecom sector. The company is the final stage
of development of a series of blockchain solutions aimed at using the
blockchain ledger and smart contract solutions to enable more efficiency,
quickness in execution and fraud-prevention in the telco industry.
Specifically, the company is developing a solution that will enable users and
carriers to transfer mobile phone numbers with just a few clicks, allowing
users and carriers the ability to transfer retail users from one mobile
carrier to another instantly. Additionally, the company is finalizing a
carrier-grade marketplace solution to procure payments between carriers for
cross-traffic of VoIP, SMS and data realtime as traffic is crossed between
carriers. This marketplace will allow for instant payment settlement as
well as the prevention of fraud between carriers.
Safe Harbor Statement: Statements in this news release may be "forward-looking
statements". Forward-looking statements include, but are not limited to,
statements that express our intentions, beliefs, expectations, strategies,
predictions or any other statements relating to our future activities or other
future events or conditions. These statements are based on current
expectations, estimates and projections about our business based, in part, on
assumptions made by management. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that are difficult
to predict. Therefore, actual outcomes and results may, and are likely to,
differ materially from what is expressed or forecasted in forward-looking
statements due to numerous factors. Any forward-looking statements speak only
as of the date of this news release and iQSTEL Inc. undertakes no obligation to
update any forward-looking statement to reflect events or circumstances after
the date of this news release.
iQSTEL Inc.
IR US Phone: 646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL Inc. and its
subsidiaries:
www.iqstel.com ;
www.etelix.com ;
www.swisslink-carrier.com ;
www.qglobalsms.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.itsBchain.com
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