Breaking #Fintech #Stock News: AppTech
Payments Corp. (NASDAQ: $APCX)
Signs Memorandum of
Understanding with Broadnet Technologies to Increase Market Share in #SpecialtyPayments
and #SMS Solutions; @AppTechCorp
CARLSBAD,
CA, April 25, 2023 (Investorideas.com Newswire) AppTech Payments Corp.
("AppTech") (NASDAQ: APCX), a Fintech company powering
commerce experiences, today announced the Company signed a Memorandum of
Understanding (MOU) with Broadnet Technologies, LLC ("Broadnet") a
Tier 1, SMS/Text Provider and Aggregator.
Read this news featuring APCX in full
at https://www.investorideas.com/CO/APCX/news/2023/03251Memorandum-Broadnet-Technologies.asp
The
Company anticipates executing a definitive Strategic Partnership Agreement,
Patent License Agreement, and Channel Partner Agreement within sixty days.
After the definitive agreements are executed, the partnership will expand
AppTech's reach in the global text-to-pay space, offering AppTech's CommerseTM
platform to Broadnet's global customer base. In addition, AppTech and Broadnet
will offer two-way SMS and a suite of SMS tools to the global market. The Patent
License Agreement will license AppTech's SMS and Mobile Payment patents to
Broadnet, thereby expanding the Company's footprint by supporting integrations
with its patent-based portfolio in text-to-pay and SMS solutions.
"Once
fully executed, these pending agreements will allow AppTech to offer our
intellectual property and suite of Commerse TM products to Broadnet's customer
base. In addition, the Company plans to roll out a link to phone invoice
payment checkout experience using text to pay," said Virgil Llapitan,
President of AppTech Payments Corp. "We look forward to working closely
with the Broadnet team in what we expect to be a mutually beneficial
partnership that will drive long-term growth and ultimately build shareholder
value."
The
partnership will build upon licensing AppTech's intellectual property,
including but not limited to Payments-as-a-Service ("PaaS"),
Banking-as-a-service ("BaaS"), and two-way SMS. The integration with
Broadnet's network will bolster AppTech's fully integrated approach to all
payments experiences and purchasing journeys. As a result, the partnership will
empower AppTech to continue the development, growth, and launch of CommerseTM
and Broadnet to offer payments to their more than 60,000 clients worldwide.
Broadnet
built the first short message service center (SMSC) gateway, which is the
portion of a mobile phone network that handles text message operations and is
responsible for receiving, storing, routing, and forwarding SMS messages from
mobile handsets.
Rabih
Al Zubaidi, Founder and CEO of Broadnet, said, "We are excited to work
with AppTech and their engineers to expand our suite of products to include
AppTech's text-to-pay and other CommerseTM products. Additionally, AppTech will
offer our SMS products integrated into their CommerseTM platform."
About BroadNet Technologies, LLC
With
over 20 years of experience as an SMS provider and aggregator, Broadnet is a
prominent global business messaging solutions provider and a GSMA member.
BroadNet offers a number of services, including Bulk SMS, HLR Lookup, SMS
Firewall, A2P SMS, SMSC Gateway, and more, all based on industry standards and
technical frameworks. Since 2003, Broadnet has seen steady growth and is now
one of the leading telecommunication companies in SMS-related services, with
more than 60,000 satisfied clients globally. Furthermore, BroadNet has been
presented with ISO 27001:2013 and ISO 9001:2015 for delivering quality and
secure SMS solutions that meet the requirements and expectations of today's
clients. Broadnet develops and maintains its own proprietary SMS platforms to
provide innovative, customized, and differentiating products and services.
Coupled with direct connections to over 680 operators and carriers worldwide,
we are able to offer top-quality routes with exceptional performance and
reliability at very competitive prices. Our services make it easy to send one
or one billion SMS messages anywhere in the world safely and securely. Starting
from BroadNet's HQ in Beirut, Lebanon, we now have offices and branches in 13
countries on 4 continents, with more being planned. For more information, visit
www.broadnet.me.
About AppTech Payments Corp
AppTech
Payments Corp. (NASDAQ:APCX) is an innovative Fintech company with an elite
digital platform that powers seamless omni-channel commerce experiences for
clients and their customers. AppTech is developing a transformative digital
payments and banking all-in-one platform that will upend the Fintech industry.
Our embedded, highly secure platform drives B2B, B2C and P2P capabilities in
Payments-as-a-Service (PaaS) and Banking-as-a-Service (BaaS) from crypto and
contactless payment options to virtual cards, text-to-pay, mobile-to-mobile and
cross-border remittance. For more information, visit apptechcorp.com.
Forward-Looking Statements
This
press release contains forward-looking statements that are inherently subject
to risks and uncertainties. Any statements contained in this document that are
not historical facts are forward-looking statements as defined in the U.S.
Private Securities Litigation Reform Act of 1995. Words such as
"anticipate, believe, estimate, expect, forecast, intend, may, plan,
project, predict, should, will" and similar expressions as they relate to
AppTech are intended to identify such forward-looking statements. These risks
and uncertainties include, but are not limited to, general economic and
business conditions, effects of continued geopolitical unrest and regional
conflicts, competition, changes in methods of marketing, delays in manufacturing
or distribution, changes in customer order patterns, changes in customer
offering mix, and various other factors beyond the company's control. Actual
events or results may differ materially from those described in this press
release due to any of these factors. AppTech is under no obligation to update
or alter its forward-looking statements whether as a result of new information,
future events or otherwise.
Investor Relations Contact
Michael
Kim/Brooks Hamilton
737-289-0835
APCX@mzgroup.us
AppTech Payments Corp.
info@apptechcorp.com
760-707-5959
SOURCE:
AppTech Payments Corp.
AppTech Payments Corp. (APCX) is a featured tech stock on
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