Fintech Select Provides Corporate Update
20 September 2021 - 9:30PM
Fintech Select Ltd. (“
Fintech Select” or the
“
Company”) (TSX-V: FTEC) while the Company keeps
moving forward with its strategic growth initiatives, it is pleased
to update shareholders on its trademark’s registration of TWIFTY;
the Company’s white-labeled online payment platform (“TWIFTY” or
the “Solution”). The registration of TWIFTY trademark has been
filed after a thorough search was completed. The Company still in
testing stage of its white-labeled version and hoping to be
completed soon. Once the testing is completed, the dedicated
website of this Solution will be www.twifty.com.
The trademark registration is a second strategic
step for the Company to launch its online payment platform and to
offer diverse value-added financial payment services to its
customers.
The Company is also pleased to update the public
on its POS solution project with Raseed, the Company’s JV partner
in Libya (“Raseed”). As of September 16th, 2021, Sawf Aljin bank,
Raseed’s first customer, completed the activation of 986 cards for
its clients who have performed 21,463 transactions, including
activation, POS, card load, query, and set pin transactions. The
Company generates its revenue from a percentage of the transaction
fees applied to clients, as fees are shared between Raseed, Sawf
Aljin bank, and the Company.
The Company is also pleased to provide an update
on its Cryptocurrency POS Selectcoin platform. The Company has been
communicating with a large cryptocurrency exchange service provider
to back up its POS Selectcoin business.
The Company intends to provide a further update
on details and availability pertaining to the Solution and POS
Selectcoin platform in due time.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mohammad Abuleil, President & CEO orShelley Alliet @ -
Investor@fintechselect.com 519-3518647
About Fintech Select Ltd.
Fintech Select is a provider of robust and
disruptive Pre-Paid Card programs and mobile banking solutions.
Fintech Select has enabled these core assets which operate through
separate divisions to work together harmoniously to create a new
and ubiquitous environment for consumers and businesses alike.
Fintech select also operates an international call centre that
provides fulfillment and customer service support to customers
across all the company’s platforms. Our mission is to provide
customers with choice, convenience and cost-effective ways to
facilitate traditional and crypto financial transactions.
Follow us on:https://www.facebook.com/FintechSelectNeither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking
Information:This news release contains “forward-looking
information” within the meaning of applicable securities laws.
Readers are cautioned to not place undue reliance on
forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements. The
statements in this press release are made as of the date of this
release. Fintech undertakes no obligation to comment on analyses,
expectations or statements made by third-parties in respect of its
securities, financial or operating results (as applicable) or
prospects as to the effective implementation of the Solution with
Raseed or future revenue levels from the rollout of the Solution
and other products. Fintech disclaims any intent or obligation to
update publicly any forward-looking information, whether as a
result of new information, future events or results or otherwise,
other than as required by applicable securities laws.
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