Breaking
#Tech #Stock News - iQSTEL (OTC: $IQST) Launches New #Fintech Division, Expanding Product and
Digital Financial Services Offerings for the Global Markets; @IQstel
New
York, NY, September 29, 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/09291IQST-Fintech-Division.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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